Of Gold Extensions مقياس إمتدادات الذهب
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.
Harry S. Truman
Dwight D. Eisenhower
Lyndon B. Johnson
Richard M. Nixon
Gerald R. Ford
Jimmy Carter
Ronald W. Reagan
George H. W. Bush
Bill Clinton
George W. Bush
Barack Obama
How many people did they kill?
Only Vietnam about 4 millions
sending the Pound to a new 3-week high against the US Dollar. Carney also said that the central bank is concerned with housing indebtedness, an issue that could push the BoE to tighten policy. He added that any policy tightening would be gradual and limited and raising interest rates today would be the wrong response.
There has been a lot of speculation recently regarding the timing of a Bank of England rate hike, but this was the first time Carney encouraged speculation. Earlier today, UK Chancellor Osborne announced that the BoE would take control of restrictions on mortgage lending, which could serve as an alternative tool to monetary policy for cooling an overheated housing market.
The BoE will control the size of mortgages compared to incomes and house values to provide stability to the housing market. Osborne will say that current housing market doesn’t pose an immediate threat but could in the future, according to the text from the speech he will deliver tonight.
An expanding housing market or rising housing prices may prompt a central bank to raise interest rates. Therefore, non-monetary measures to cool the housing market may allow the BoE to refrain longer from raising interest rates. That could be the reason why the Pound declined sharply around the time of the release of the comments from the upcoming speech.
"2.51" is a big level