EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Deflationary Bitcoin صلابة بيتكوين
How bitcoin halving reduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
Moody to assume Irelands banks to pass stress test
The top-secret world the government created in response to the terrorist attacks of Sept. 11, 2001, has become so large, so unwieldy and so secretive that no one knows how much money it costs, how many people it employs, how many programs exist within it or exactly how many agencies do the same work.
http://projects.washingtonpost.com/top-secret-america/articles/a-hidden-world-growing-beyond-control/
The Icelandic Post-crisis Miracle
Iceland is, of course, one of the great economic disaster stories of all time. An economy that produced a decent standard of living for its people was in effect hijacked by a combination of free-market ideology and crony capitalism; one of the papers (pdf) at the conference I just attended in Luxembourg shows that the benefits of the financial bubble went overwhelmingly to a small minority at the top of the income distribution:
http://krugman.blogs.nytimes.com/2010/06/30/the-icelandic-post-crisis-miracle/
If Euro sells buy S&P, Dow dips...
It'll be fun fishing today!!!
Added new sell in GBPAUD at 1.7635, I can pretty much see it bottoming out right around 1.7385 ATM, but hoping to get at least 1.7225 out of it.
Expecting EURCAD to hit 137 today which was has been my target since last month.
CADCHF coming from a high of 1.0030 is likely to dip further today but again is favoured as a buy on dips. Targets 1.0160, 1.0270, 1.0325. While CADJPY is likely to reverse today while staying in a up channel. Targets in mind 83.30, 83.85, 84.45 in a attempt the pair is to stay in a continuation trend.
Silver fell in step with gold on Monday, but unlike the more prominent metal, silver did not break recent support levels. In the event that gold continues to fall, there is no question that silver will follow. While there may be minor fluctuations in the gold/silver ratio between 60 and 70, in all likelihood, the two metals will remain tied at the hip for the foreseeable future. Prices have formed a descending triangle chart formation above support at $17.42. This setup is typically a continuation pattern, hinting further gains ahead. That said, it also carries a negative connotation and may hint at an emerging bearish bias. A break below support exposes $16.81, while a rebound sees initial resistance at $18.73.
Pushing crude oil to the downside are the fears regarding the world economy and the possibility of a double dip. World equity markets remain well off their recent highs and economic data has indicated a slowing of growth around the globe. If major world economies fall into a second phase of contraction, crude oil prices will likely fall steeply. Prices continue to consolidate inside a rising channel. Initial support lines up near $75.00, while resistance is seen in the $78.13-79.38 congestion region.
EUR/USD has gradually moved higher along with EUR/JPY demand and EUR/CHF has also sneaked higher as risk-trades were back in vogue. Ranges: 1.2927/73, EUR/CHF 1.3638/71
EUR/GBP has traded in a tight range around .8500 leaving the cable to follow in step with the EUR/USD. Ranges: 1.5214/69, .8495/.8508.
The AUD has been very busy. AUD/USD fell first with the tech stock results but rallied strongly thereafter with strong AUD/JPY demand at the fix driving that pair higher. The RBA minutes slowed the rally for a while but once traders digested the comments, the short covering resumed. Ranges: .8669/.8785, AUD/JPY 75.10/76.60
EUR/JPY is again approaching what is looming as pivotal resistance at 113.00. AUD/USD has also moved up sharply towards expected sell orders above .8750. The market is still being influenced by unusually large demand for USD/JPY and the JPY crosses at the Fix and is ignoring the lower Nikkei.
Buy the rumour, sell the fact. Aussie traders bought AUD/USD because USD/JPY was going up and were left sitting long after the release of the latest RBA minutes. Nowhere to go except down after that with AUD/USD sliding from .8735 to .8715. Offers above .8750 continue to cap the market. I still dont know what is going on at this level but the professional money continues to sell rallies towards 113.00, 112.85 the high so far today, and I would guess that the stops above 113.20 are getting bigger and bigger. The market is getting nervy about stop losses in EUR/JPY and USD/JPY above 113.50 and 87.50 respectively. If you really want to sell into strength, keep stops tight.
China passes US as Worlds biggest energy consumer
The changing dynamic in the global economy can again be seen in this Bloomberg article.http://noir.bloomberg.com/apps/news?pid=20601087&sid=aVuSRbX5SRtI&pos=2
China will allow foreign investors to trade the new index futures market for hedging purposes only, will only allow them to use up to 10% of their agreed investment quotas, and trades must be closely linked to the spot market (Reuters quote reports in the China Securities Journal). Obviously speculators are persona non grata.
Weve got a mixed bag on our hands today with the dollar generally weak but there are exceptions. GBP has fallen back below 1.5240/45 support to session lows just below 1.5220. Commodity currencies, particularly CAD is soft as momentum traders jump on the euro bandwagon.
EUR/USD has dipped back after failing it overcome earlier highs, a sign markets do not want to get carried away on the topside until they have the stress-test results behind them It trades now at 1.2968.
Along with GBP on open we also started selling AUD as over the weekend there was announcement of the general election, that brings uncertainty back into the picture for AUD, when it comes to picking a government for Oz. But it will rally back of any good economic data or forecast, so for now selling on rallies to continue in these two currencies for short term.
U.K. Home Prices Will Drop Through 2012, Capital Economics Says http://www.businessweek.com/news/2010-07-15/u-k-home-prices-will-drop-through-2012-capital-economics-says.html