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 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
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...
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FED: NY Fed statement: In implementing FOMC (reinv) policy, Fed
will follow operating practices similar to QE2. "Purchases will be
allocated across maturities according to a distribution that is nearly
identical to that executed under the Treasury purchase program. The only
change to the distribution is that the two maturity sectors beyond 10
years from the earlier purchase program will be combined into a single
maturity sector of 10 to 30 years in order to achieve greater
operational simplicity. Specifically, the Desk plans to distribute
purchases across seven maturity sectors based on the following
approximate weights: 1.5-2.5y 5%, 2.5-4y 20%, 4-5.5y 20%, 5.5-7y 23%,
7-10y 23%, 10-30y 6%, TIPS 3%. On-run 7y will be considered 5.5-7y and
on-run 10y part of 7-10y sector. TIPS weights are based on unadjusted
par. The size and frequency of operations will be reduced to levels
commensurate with agency debt and MBS principal payments. Fed antic
one op per month in each sector. Schedule is due around the 8th biz day
of mo, to cover thru middle of the following month. Next due July 13.
Ashraf