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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Do you see a positive divergence in USD daily?
Do you expect NZD to go down along with AUD?
what is your opinion about sequential sell in technical analysis? and do you see one in oil now?
thanks
Dear Ashraf,
what is your opinion about sequential sell in technical analysis? and do you see one in oil now?
thanks
Am not sure about that. One could argue that CNY appreciating is USD bullish due to lower US trade deficit, and thus, Gold bearish.
I am not sure about this but lately Gold seems to be going up no matter what the dollar does.
Let's face it, USD, EUR, GBP, and YEN, have huge problems, and it is not that the USD that is going up, rather other majors are going down. As a result when, aforementioned currencies will go down against commodities and mostly against precious metals.
BUY Gold on the dips!!!
do you incorporate seasonals into you analysis?
Could we see a scenario that occurred after oct 07, where US stocks and USD took downwards trends?
The reason i believe that we are going to test march low's again is because I believe a credit contraction of the scale we are witnessing is simply too enormous to be resolved within few months and with few decisions by central banks.
Monetary policy has been proven to be lagging behind actual economy. In other words, central banks are REactive rather than being PROactive. Thus what has been done to face the crisis so far is only a reaction to what has happened. I believe that we are going to face another wave of problems very soon which central banks have not done anything yet in anticipation of them.
To me, there is a small chance for stocks to make new highs this year, but I see a good chance that stocks test march lows some time towards the end of this year or early next yr.
I know might opinion sounds a bit radical, but, hay, we are going through extraordinary times where anything is possible.