Weekly Fundamental Preparation of Currencies

multichart

multichart

I have just found your thread and enjoy your analysis.
Thanks.

gold 4hr candles still strong uptrend with top at 1113.37. trading just above resistance 1109.97. next upside target 1114.27

interesting thread, will always return to see what's happening in here.
keep it up.

Kenn

gold higher or lower... here's the 4hr. pretty much same situation.. I suspect the next 4hr candle will give some idea.

hard sell-off in gold engulfing candle.. still hasn't closed. close in 3hrs. under resistance now of 1111.63.

gold giving a wild ride.

Sorry the neighbors son was giving me problems yesterday and playing neighborhood gangster so I didn't have time to post any follow ups.. He was driving by my rurally located house and I had asked him to turn down his boom box when he drove by - he also tore out of his drive way 2 doors down which is what caught my attention. He had his window down and stopped when I walked to the edge of my property and I then addressed him. He told me he would play it as loud as he wanted and there's nothing I could do about it. I then told him I had called the police and he could tell that to them. He then burned out on the dirt road where I was standing a few feet away and kicked up a bunch of dirt on me leaving huge marks in the road that dug in several inches into the hardened dirt road. So I was busy with the police reporting the incident.

FT's Lex Columnist Stovin-Bradford on Ireland Bank Plan

[WALL STREET OPEN] US stocks are set to open a tad higher with Jun10 futures currently 11 ticks up at 10840. The underlying DJIA settled at an 18 month best of 10895.9 yest (Fri's peak was 10955.5). The FTSE & DAX made fresh 21 & 18 month highs as EU Bourses added up to 0.85% & safe haven play were unwound as were helped by mining stocks after Gold rose for the 4th day for a 2.5% rise over the period before paring gains. More financial jitters in Greece/Ireland undermined financial stocks, particularly Banks which were almost universally lower (Allied Irish lost 19& for a 38.5% 3 day decline on NAMA woes) although Fitch rated Northern Rock BBB+ & outlook stable. Hence, the major EU bourses fell back to a change hands few points either side of unchanged. Miners including Vale & BHP Billiton ended the 40-year-old system of annual contracts & signed new agreements with Asian steel mills to price iron ore quarterly.

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UK emerges from recession stronger than expected


Britain's economy came out of an 18-month recession in the fourth quarter of last year with more momentum than expected, official data showed on Tuesday.


The Office for National Statistics said the economy grew 0.4pc in the last three months of 2009, the first quarter of growth since the first quarter of 2008 and above analysts expectations for an unrevised reading of 0.3pc.


On the year, GDP contracted by 3.1pc, less than the 3.3pc previously reported.

The statistics office said the upward revision was due to a combination of higher services, construction and agriculture output.

The peak to trough fall in output during the recession remained at 6.2pc, the biggest since comparable records began.

The figures will provide some cheer to Britain's Labour government, facing potential defeat in an election expected on May 6. However, the figures are unlikely to change expectations that the recovery will be sluggish and monetary policy will remain loose for some time to come.

Separate figures showed Britain's current account deficit narrowed more than expected over the quarter to £1.684bn from £5.912bn, the lowest since the first

Dollar Free Ride

by RYAN J. PUPLAVA, CMT | march 29, 2010


The U.S. dollar has enjoyed a free ride since Europe’s economic troubles with Greece. Sovereign debt downgrades had encouraged assets to begin leaving the European region causing the euro to drop. The euro zone’s current account balance fell pretty strongly in January. The balance fell to a deficit of 16.7 billion euros (unadjusted) from a revised 9.8 billion euro surplus in December. Representing 57.6% of the U.S. dollar index, the euro has helped cause the U.S. dollar index to rise from 74 in December 2009 to a high last Thursday at 82.24. This represents a retracement of 50% of the U.S. dollar’s drop since March 2009
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Greece’s budget deficit had reached 12.7 percent of gross domestic product in 2009 according to Bloomberg. With a number of downgrades on Greece’s debt rating, Greek bonds risked losing their eligibility as collateral at the European Central bank (ECB). Credit default swaps began rising to crisis levels and predatory funds began seeking other prey in Portugal, Italy, and Spain.

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Last week, European leaders agreed to a proposal that would mix loans from the International Monetary Fund and loans from each euro-region country based on its stake in the ECB. Most of the loans would come from Europe. The proposal is only to act as a last resort should Greece run out of capital raising options.

Today, Greece offered seven-year bonds at a yield nearly five times the premium of similar Spanish bonds. The bond issuance would raise 5 billion euros. According to a Bloomberg article, Greece “must raise 53 billion euros this year, 15.5 billion euros of it by the end of May”. Greece’s ability to finance its funding needs throughout the rest of the year may still weigh in the balance, but the IMF and ECB backing is a step in the right direction to shore up financial stability in Europe.

click link at top to read full article.

Not what you expect on a rural dirt road , better neighbors possibly but teenagers may be the same everywhere.

I guess that's what it is. I'm only 40 and I would willing live in a 65+ community only if I could. I like a quite neighborhood. I guess I have to buy 200 acres or something to get it. Apparently people don't raise their kids right to be respectful of other people like their elders or neighbors. Oh well what can you do. I don't have kids but if I did I wouldn't let them terrorize the neighborhood. If they didn't listen I would put them in a military school.

Jaguar's New $115K Ride

4hr Dax closing below key resistance 6162.99.

1hr dji breaking down.

here's the dji breakdown on a 4hr chart.

James Grant Says U.S. Treasury Yields `Likely' to Rise: