SaraSadki

SaraSadki Updated 

Fundamental side of the idea : The AUD by contrast is currently pressured alongside falling Iron prices. If these prices keep falling then AUD will face weakness. The Australian economy exports large amounts of Iron ore, so its price impacts the AUD. On The Other side we are seeing Inflation climbing faster , and Metals are making new High , and that should...

SaraSadki Updated 

The USD/JPY pair hit 110.19 on Friday, its highest since early April, retreating afterwards to close the week with gains in the 109.80 price zone. The pair soared amid the prevalent dollar’s demand, easing ahead of the close on the heels of lower US government bond yields. The yield on the benchmark 10-year Treasury note peaked for the day at 1.62%, settling at...

SaraSadki

Fundamental side of The Idea : Miners continue to outperform gold. This ratio is now confirming a prior breakout with authority and making higher lows since March. While all eyes remain on Gold and crypto , this industry is climbing a wall of worry. About the company New Gold's balance sheet is looking better thanks to a high gold price. However, all-in...

SaraSadki

Ever since the Lehman Brothers collapse prompted central banks to cut interest rates and implement round after round of “quantitative easing” commentators have been forecasting that gold will hit $5,000 an ounce and silver $100 an ounce. Pointing to the high inflation that was experienced in the US in the 1970’s that caused gold and silver to skyrocket back...

SaraSadki Updated 

Technical Side of the Idea : The weekly chart highlights the significant corrective phase that gold has been in since peaking in August of last year, with price grinding just over 19% lower to test the 0.61 for the first time since May of 2019. This downhill slog however, still doesn’t seem to be a change in the overall bullish trend seen over the last three...

SaraSadki Updated 

Fundamental side of the idea : Clear signs are emerging that the global economy is now expanding rapidly after the sharp contraction caused by the coronavirus pandemic, and that should mean more losses for the safe-haven US Dollar and more gains for the currencies traders turn to when sentiment improves – the Euro included. Bears have been unable to reel in the...

SaraSadki

Fundamental side of the Idea: With a five-year annualized earnings growth rate of 29% and a sales growth rate of 47%, it’s hard to find a company with a more impressive track record of growth than Alibaba. It’s been a big winner since its IPO in September 2014. Expectations were high for Alibaba’s Singles Day annual shopping event in November, and the company...

SaraSadki

Fundamental side of the idea: For the full year of 2020, Cresco saw a whopping 271% year-over-year increase in revenue to $476 million. The company's retail revenue for the year grew to $202 million, up 316% year over year. Much of the credit goes to its Sunnyside retail platform, which, according to the management, generated average revenue per store of $3.6...

SaraSadki

The USD/JPY pair extends its previous two session gains and continues to march higher in the European session on April 28. The pair peaked at 109.08, the level last seen on April 14. At the time of writing, USD/JPY is trading at 108.80, up 0.03% on the day. Upbeat US economic data continues to strengthen investors risk appetite, thus helping to gain a...