EURUSD - Trends, Forecasts and Implications (Part 1) - page 493
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Actually, logically, what is the connection between the euro and gold? Or do we only have gold in Europe?
>> Gold is bought with dollars and vice versa.
Now we'll see 1.4700 one more time and we can sell. Ready number 1!!!! :)
i was right ! ;)
I was right ! ;)
In what? there's an expanding triangle on the m5.....
coming out soon...
Good evening!
How's Gosplan? ;)
In what? there's an expanding triangle on the m5.....
coming out soon...
Right about 1.4700 and then down. Yes, the triangle is expanding...took the last wave e* to the upside...now downwards, I think...
Gold's rise could reverse the downside scenario for the euro/dollar pair
India bought 200 tonnes today!
Market Analysis
03 November 2009
FX Note: Is gold trying to tell us something?
John J. Hardy, FX Consultant, Saxo Bank
FX Note: Is gold trying to tell us something?
Interesting to note the explosion in gold higher today despite the USD remaining relatively bid. Crude oil is also headed sharply higher and the CAD has responded to that latter development. It appears someone is placing significant bets on the commodities complex ahead of the FOMC meeting tomorrow. It came forward recently that the hedge fund legend Paul Tudor Jones has taken a shine to the metal. Note in the chart how gold (yellow line) has tended to slavishly follow the USD (inverse dollar index is the white line) over the past many months, while this surprise acceleration is showing a strong decoupling and also shows gold advancing sharply against the Euro (red line). Note that the record high for gold in Euros is still some way off. The commodity moves should be making USD longs nervous.
Right about 1.4700 and then down. Yes, the triangle is expanding...took the last e* wave upwards...now it has to go downwards...
And who said that "e" has formed?