2 days before the ECB meeting, ECB pres Draghi is expected to meet with Bundesbank president Weidmann. Will it be to discuss the possibility of restarting the securities markets programme to buy Spanish and Italian bonds, a program widely opposed by the Germans. Draghi's. While Wednesday's FOMC decision is expected to produce no call for action from the Fed regarding QE3, the ECB may reiterate its readiness to restart the SMP, but no as soon as this week. Spanish and Italian 10 year govt yields are 10-15% off their highs, while G10 equities are only 3-5% below their 2012 highs. For tradable ideas on EURUSD, AUDUSD, GBPUSD, gold and silver, see Monday's Premium Insights here: http://ashraflaidi.com/products/sub01/access/?a=670 Non subscribers can join here:http://ashraflaidi.com/products/sub01/
In Yesterday's IMT, I reminded about the importance of 4890 oz gold and the various technical approaches used to arrive at that level. This morning a member of the WhatsApp Broadcast Group woke up in the Middle East and read my reminder from last night about reiterating the interim resistance of 4890. The member was lucky enough to find gold at 4888 and so decided to short. What happens now? The 15 mins chart is at a wedge, which could either break down to at least 4845/50, or break above the wedge and hit 4940. Trump will address Davos at 13:30 GMT, may serve as a catalyst. But Silver has yet to reach 100, so we're far from done.
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Latest Hot-Chart - Jan 08
Gold Channel ABC and D
سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group - -...
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Understanding US Dollar 2018 2019
I created this chart in December 2024, pointing to the importance of understanding some of the fundamental events shaping USD Index between 2018 and 2019. Why 2018 and 2019.
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