The dollar today

The dollar today, he continued dollar today versus the pound falling on the black market against the pound with the end of trading Wednesday, increasing expectations of a new stabilization in early trading Thursday, and despite the lack of dollar impacted on the black market often bid for the central bank, which has been put in banks worth and a half billion in one go because of the precedent Altzmat banks with importers nations with requests for coverage of commodities, will make the black market apparently still somewhat active but will not be as strong as the past few weeks.
The price of the dollar on Thursday on the black market 9.20 for purchase and 9.40 for sale, despite the central bank devalued the pound against the dollar by more than 112 penny for the work of the kind of balance and attract more foreign currency to banks with the introduction of dollar-denominated certificates of high interest rate to customers in the Egyptian market.
Bankers predicted that the rising price of the dollar on the black market again before the beginning of the month of Ramadan due to the large import orders for this month and for each product in which the active buying and selling, expecting his arrival 11 pounds on the black market, and it was the Cabinet had discussed Wednesday in the league's cabinet meeting the repercussions of the decision to reduce the value of the Egyptian pound against the dollar and discuss ways to not be affected low-income people by supporting the resolution of goods and products well to reach citizens currently traded prices, and not affected by a rise of the dollar against the pound, which will increase which certainly import costs and borne by the citizen.
Reload Thursday, 03/17/2016 5:50 pm.
The dollar rate stable against the pound and reached even write these lines with the Thursday morning 9.20 am In the case of the dollar changed Thursday on the black market will be immediately put the price in daily updates to the price of the dollar today.
Reload Thursday, 17/03/2016 at 06:50 in the morning.
Some importers fear of the rise of the dollar before the advent of the next month of Ramadan, and it seems that investors already knew that the dollar will not stop at this point, as the central bank fixed the price of a certain dollar.
It will not escalate dollar today again and will keep the dollar as in the case of severe Sentry

Gold prices in Egypt today

Decline in gold prices in Egypt on Thursday, March 17, 2016, and now we continue to view detailed reports for all price changes taking place in gold prices throughout the day, only Egypt Fife.
Gold prices are in Egypt today Thursday, 3.17.2016, low in price day in a row the rate of three pounds, and the average selling gold shops goldsmiths from a 21-gauge to 307.6 pounds, while witnessing the total gold trading throughout the week higher by 0.73%, compared to the previous weeks.
We continue now in the next report, the average price of gold in grams of various calibration and weights, as we show the average price of gold kilo and ounce and pounds of gold from the 24-gauge, the Egyptian pound and the corresponding US dollar on Thursday, March 17, 2016 on Egypt Fife

Gold prices in the country in trading today

Suddenly the price of gold in the country has seen in the intraday rise in the price per gram of gold from the overall stock exchange dealings in the country, where the price of gold jumped per gram approximately ten pounds per gram gold in all the shots of gold after the central bank issued a decision to cut value the Egyptian pound against the US dollar to the amount of 8:95 after skyrocketing in the dollar exchange rate on the black market.
The reason for Issuance of the Central Bank such a decision to cut the value of the pound is rising mad valuable recent times in the US dollar exchange rate against the pound on the black market in the country, and was earlier the Chamber of Commerce secretary may occur in the Cairo governorate Mr. Najib club for one of the media Egyptian official, that the reason for gold high in the country and the recent decline is a global central bank decisions.
Najib club has confirmed that the rise as a result of the case of the domestic market and rising valuable dollar and the decisions of the central bank to cut the pound against the Arab and foreign currencies in the market and banks' price, said Najib club that traders are going to deal with the parallel market any black market for hard currency.
Reload this day Wednesday, March 16:
Gold prices witnessed in the markets on Wednesday reduced by 2 pounds per gram went to all the bullets of gold.
Scored yesterday, gold rise in the price of one gram of gold after the central bank decided to cut the Egyptian pound's value against the US dollar and other currencies, and higher currency exchange in the official banks and the offices of the official exchange rate, and today registered a decline in the price of gold again caliber, which seemed afraid of it dealers gold and citizens of return volatility again in the gold market.
Said Ihab Wassef one of the members of the Gold Division of the Chamber of Commerce in Cairo governorate, the decline and rise, which passes by the gold for more than two days is the result of the recent decision, which was released by the central bank, a devaluation of the Egyptian pound against the dollar, and the return of higher US dollar exchange rate in front of the Egyptian pound on the black market again.
Reload this day Thursday, March 17:
Gold prices witnessed today in Egypt Thursday, March 17 drop in the price per gram of gold by 3 pounds per gram and the highest increase in the stock market transactions increased by 70% after wave, where gold is suffering in the last days of the event will fluctuate after the recent central bank decisions to equate the black market banks in the dollar exchange rate which affected the price of gold in the country.
A member of the Chamber of Commerce Association Gold Division Amir livelihood for one of the media this morning that the gold price affected by the decline in the US stock price in the global stock market at the close of trading yesterday, the price of gold to suffer from volatility due to the tendency of some traders and investors to trade in gold being fixed market in the recent period .

Gold and trading it for is essential for every professional trader in the market

The knowledge of gold trading and the fun is essential for every professional trader in the market. Gold rich history dates back to the beginning of civilization. As one of the precious metals, gold is a symbol of wealth and success in many cultures. Gold was used around the world in the beginning that he accepted cash exchange standard, which was abandoned after the government issued currency equation for him. Gold remains an important asset, and it is called by many a modern market terms, a safe haven in times of economic instability name.
NSFX gold trading company that provides both individuals and businesses. Gold trading is mainly against the US dollar and the euro, and the symbol is XAU / USD or XAU / EUR. The atheist and the beginning of the twentieth century has witnessed one of the longest and most consistent rises in the price of gold at all. This began when the price of gold at $ 265 an ounce (oz) in the beginning of 2001 even higher than the level of US $ 1700 in a decade. The extent of this rise in percentage 641%, which is a dramatic change in the price of gold, compared with the market bearish for gold, which has spanned twenty years before this rally.* Performance figures refer to the performance in the past, and the past is not a guarantee or a reliable guide to future performance.
 Why is gold trading with NSFX?
NSFX realize how important gold trading works for any investor in the market hard. Because NSFX understand how important gold trading, it offers the trader the best possible market conditions.

    Fast implementation and the least amount of available price differences.
    Gold traded by multiple trading platforms (web and Aldisektob, mobile phone)
    Balanced leverage (1: 100), and the requirements of low Margin (1% of the value of the deal).
    Flexibility in the fixed price differences in trading or trading in gold on the use of electronic communications network technology (ECN)
Gold trading conditions1 Lot(100 ounces)Minimum size of the deal0.1 Lots = 10 ouncesPoint value1.0 Lot = $ 1Point value (increasing)0.01Tool code points difference ECN points difference ECN Leverage Leverage minimum deal size the size of the deal ECN minimum size of the deal Roll Over Roll Over sale purchaseGOLD: XAU / EUR 60 50 1: 100 1: 100 100 0.1 Lots 0.1 Lots -1,1375 -1,5375GOLD: XAU / USD 60 50 1: 100 1: 100 100 0.1 Lots 0.1 Lots -2,6000 -0,0125Gold trading hours
Gold is trading on Sunday at 23:00 GMT to Friday at 20:00 GMT. It is important to note that there are rest periods every day with respect to gold trading services between 21:00 GMT and 22:00 GMT, Gold and resume trading in the market his work at 22:00 GMT. During the rest period, will not be traded or command mode available.Margin requirements for transactions in gold
In the standard leverage at 1: 100, it is imperative that there be 1% of the financial value of the transaction is far from trading in order to cover margin requirements. As a result, for every $ 1 USD in your account, you will be able to control the $ 100 and its use in the market.Examples of gold trading
Apart from tariffs, it is essential to see how it looks gold transactions in the real market. The simplest way to view this is to review the accounts contained in these deals.
Take, for example, a deal to buy 10 ounces of gold against the dollar (XAU / USD) (a small holding or 0.1 of the standard contract, 1 lot = 100 ounces (oz), when the market of US $ 1,700 / price of an ounce (oz.) Will be the value of the deal to the US dollar are: 10 ounces (oz) * of $ 1700 = US $ 17,000. Since the value of the margin requirement is 1% (financial lever at 1: 100), the result is that you need to $ 170 to open the deal. The so-called user margin.
Now let us take a deal to buy 10 ounces of gold against the euro (XAU / EURO) (small or 0.1 of the standard contract holding), when the market price of 1320 euros / ounce (oz). Will be the value of the deal is in euros: 10 ounces (oz) * 1320 = EUR 13,200 euros. Since the value of the margin requirement is 1% (financial lever at 1: 100), the result is that you need to be 132 euros to open the deal.Rollover swaps on CFDs Gold (Alambadlat Swaps):
In both commodities and foreign exchange markets, it represented a benefit of premeditation / rollover (rollover / swap) interest that are added or deducted to protect the open position will be Itha (or open from the night before). This is useful Rollover / Rollover Account (rollover / swap) as the difference in interest rate between two currencies premeditation, and that it's the deal on their entitlement to time, depending on the transaction type (short selling / buying long).
* Please note: a swap for all CFD including: "Gold" fees, "crude oil", "silver" and "indicators" the imposition of a fixed interest rate of 1%.
It is important to keep in mind the following aspects of the cost of the benefit of the carry trade / rollover (rollover / swap):

    Impose costs benefit premeditation / rollover (rollover / swap) on forex accounts to work on deals that remain open until the day of the following forex trading only.
    Rollover interest premeditation process starts at the beginning of the trading day in the market, ie at 5:00 pm New York time.

    Interest is calculated on the price of gold below, based on the US dollar accounts for each record contract called Lott and one which is 100 per ounce.
    The benefit Rollover / Rollover Account (rollover / swap) and apply them to every night trading. On the night of Wednesday, the costs are interest premeditation / rollover (rollover / swap) three times (read clarify below please).
Some additional information about the usefulness of premeditation \ rollover (Rollover \ Swap) on the precious metal gold
NSFX in the company, are treated in a swap Rollovers on the basis of "spot price" only. Which means that all trades are settled after two business days of the beginning, according to the rules of the market. The NSFX not facilitate the actual delivery of any of the precious / currency metals. As a result, all open from 23:59:45 until 23:59:59 transactions (Server Time) will be postponed to a new date settled on and impose the benefit Swap. And these traders imposed on them the benefit of the carry trade related to these transactions, as shown in the table below.
Very important: when the postponement of the settlement deal is open from Wednesday to Thursday, the new settlement date changed to Monday of the following week. As a result, be useful in delaying the deal on Wednesday night, three times the value shown in the table above. In general, it is essential to understand that in the case of open positions on weekends and vacations, are interest premeditation / rollover (rollover / swap) multiplied by the number of days that is applied to the benefit of the carry trade.* Examples and figures above are just a fictional figures can not be interpreted in any way investment Knsaih.** Performance figures are only estimates and quotes may not be a reliable indicator of future performance of this investment.*** This information does not constitute an offer or solicitation and is provided for information purposes, it is not considered as an advice or an offer must not rely on such information or take any decision to invest calculated. Any opinions contained in this document reflect the views NSFX in setup time. And they are therefore subject to change. NSFX LTD believes that the information contained in the correct date of publication. However, it does not grant any guarantee of accuracy by NSFX are admitted any responsibility in respect of any mistakes, including any third party liability, through NSFX LTD or any director or employee of the company.

Treasuries (TLT): Double top or cup with handle?

We expect TLT price to bounce at EMA21(weekly).

We believe that the current pattern will evolve to a cup with a handle formation, leading TLT towards 150 with easy-to-guess implications for equities

Crude: On Hold (a.k.a wave 4)

Today we present our previous prediction(Oil: Time for a pause of the current downtrend?(a.k.a Wave IV)):

Current Update:

Currently crude is probably in a corrective wave 4(ABCDE) 
before a final leg down towards around 25$(1.618 fib ext of wave 4) or even 21$ (difficult but doable, 2.618 ext of wave4)
Crude price above EMA21(weekly) will confirm then end of current crude bear.

Russell 2000 (IWM): Mind the gap!

Russell 2000 is currently in a corrective ABC wave which will push the price at 107.5 where a gap is waiting to be filled and a significance resistance line lies.After that we believe that IWM will enter a ferocious wave 3 of III down which will bring IWM down to 75 level (almost 30% down from current levels).

So: Please Mind the Gap!

Energy Sector Equities (XLE): A buying opportunity

Back in November we warned our readers about another last leg down(5th wave) for XLE and we predicted a bottom at around 55$(Energy stocks (XLE) about to bounce and head south).Today we present an updated chart of XLE pointing out signs of a bottoming process: 

A)Candlesticks with Long tails in long timeframes(weekly,monthly)

B) High volumes

C) Positive RSI divergence

 So, is XLE a buying opportunity at current levels?

Probably yes...

GOLD:HUI ratio : Is another gold bull market starting?

Recently we showed (Gold:SPX ratio persistent RSI divergence and lessons from the past) that there is a striking similarity of the last 3 years of gold's bear market in late 90's with the last 3 years of the current bear market.A huge divergence between gold:spx and its RSI has been built.We expected this divergence to give way and the ratio to increase on spring -summer time-frame (meaning a significant overperformance of gold relative to SPX).It seems that the expected move is actually happening now.
However in order for this move to be a prolonged one we believe that a significant overperformance of gold miners(GDX,HUI) relative to gold is imperative.
During the early stages of the last gold bull market (1999-2011) initially we witnessed a spike in gold price in 1999 which was followed by a significant retrace.That gold bull market started to run relentlessly when miners started to overperform gold.In the following chart we can see that back in early 00's gold price started to move upwards significantly after HUI:GOLD ratio EMA21 crossed bellow EMA55 and in the same time its RSI sunk below 30.

We expect a similar overperformance of miners(HUI) relative to gold in order for the new gold bull market to be confirmed.

A stealth Bull Market...and at the end "The Dominoes Fall"

Today we are presenting the following chart(weekly)

As you can clearly see, the underlying asset is in a bull market:
A.Around late 2014  EMA21 crossed above EMA55 ("golden cross")
B.Since then:
1.Price>EMA21>EMA55 (most of the time)
2. the price has found a solid support at 55 EMA
3.RSI has been above 50 and recently found support at 40

Alas...The above chart represents the TED spread.From Wiki(emphasis is ours):"The TED spread is the difference between the interest rates on interbank loans and on short-term U.S. government debt ("T-bills"). TED is an acronym formed from T-Bill and ED, the ticker symbol for the Eurodollar futures contract. The TED spread is an indicator of perceived credit risk in the general economy,^[2] since T-bills are considered risk-free while LIBOR reflects the credit risk of lending to commercial banks. An increase in the TED spread is a sign that lenders believe the risk of default on interbank loans (also known as counterparty risk) is increasing. Interbank lenders, therefore, demand a higher rate of interest, or accept lower returns on safe investments such as T-bills. When the risk of bank defaults is considered to be decreasing, the TED spread decreases.^[3] The long-term average of the TED spread has been 30 basis points with a maximum of 50 bps. During 2007, the subprime mortgage crisis ballooned the TED spread to a region of 150–200 bps. On September 17, 2008, the TED spread exceeded 300 bps, breaking the previous record set after the Black Monday crash of 1987.^[4] Some higher readings for the spread were due to inability to obtain accurate LIBOR rates in the absence of a liquid unsecured lending market.^[5] On October 10, 2008, the TED spread reached another new high of 457 basis points."

Unfortunately TED spread "stealth bull market" indicates further (significant) pressure for Equities and Debt markets.To paraphrase a quote from one of our favorite movies:

With so much bad Debt, something will snap (see DB). And when it does, things will turn nasty. And then central banks will be forced to do the only thing they know how to do.