أشرف العايدي على سي ان بي سي عربية -- 24 اكتوبر 2012
Oct 24, 2012 16:08
Ashraf points out Euro markets (FX & bonds) are showing the opposite behaviour from earlier this summer, being the last to sell-off during risk aversion, while back in May-July, euro FX & bonds were the last to stabilize during rallying equity markets. 1.2940 trendline continues to hold as far as the NY close and 1680s and 30.80 are the support levels for gold and silver respectively. Metals will continue to outperform energy. Also mention word of the Aussie starting to outperform the Canadian dollar as the latter is weighed down by the BoC warnings and Canada's govt rejection of the Malaysian-owned Petronas' takeover bid of Progress Energy Resources.
Can you guess the charts below? Both charts represent the same market but at different time horizons. Will the top chart finally break above the channel? Does the bottom chart show another bounce off the channel support and continue to rally? How do both charts relate to each other? I will give the answer in the next post. Be careful with metals trading. Last night's silver crash was mainly prompted by coordinated dumping of 674 million oz of silver in the Shanghai Futures Exchange. The Exchange is said to have halted it and fundamentals remain largely unchanged. Everyone askes "what happened to the sikver shortage??". Nothing ! it's been around for 2 years and is here to stay. Highly leveraged markets usually undergo violent dislocations. Do you remember what happened to gold (the father of all safe havens) when it crashed 15% in a single week during "Covid March 2020"? Forced selling triggered it. Now, tell me what are those mystery charts.
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Mystery Charts
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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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