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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germany , 15 years ago decided to reform its labor and tax policies under schroeder and today we can observe how the germany oeconomy is playing the locomotive in the eurozone
we can expect this decision to ponder in the near future the level of price fro a barrel to around the 27.50 before entering a mid term upward market toward first the 37 dollars then closing the gap to 40
on a multi year chart we can expect the level of price to reach the price of 70 dollars a barrel in 2017.
from 2017 on the spiral will coninue toward he 10 dollars a barrel
this is a scenario, other scenerio can be put on the expectation of evelopment in the oil market.
so yes the price of crude is underway toward unseen level since decades.
prices war will continue...till themergence of a financial center in saint petersburg...
russia ruble will melt down down the commodity rout and especially its main export component
by end march april i expect the price of barrel to come testing the 13/17 dollars.that said or we see the fed agressively raise rate to defend their financial system or stucture or the fed as stated hoffman in digi video will come with QE4 with fresh impetus on the commodity market, especially oil.
we might see a level of retracement for sure of 1733 points on S&P500 forthis semester but after as elliotician waves counter i dont rject he possibility of watching by third.fourh quarter the S&P breal=king the 1733 for testing the 1300.
watch well the usd/jpy and the rejection three time around the 124 level...like stated DAveO probably one morning japan will be downgraded or warned of downgrade and that will trigger the EM derout continuation.
or probably the rating agency will be mused down not tot issue this warning.
some money manager who got full stomach are too favorable for the japanese economy i dont believe them.
long time...oil to set at the 13 dollars a barrel.
Another interesting observation of his is that four of the five US recessions were preceded by a rapid decline of the ratio to the bottom of the range (8-10).