Ashraf's Book: Currency Trading and Intermarket Analysis

How to Profit from the Shifting Currents in Global Markets
Wiley Trading Series - 2008

*Ranked #1 in Amazon's Foreign Exchange and Finance sub-categories


Chapter 1 Gold and the Dollar

  • End of Bretton Woods System Marks Gold's Takeoff Fed Tightening and FX Interventions Rein in Gold Rally
  • Central Banks Gold Sale Agreements
  • Gold-USD Inverse Relation
  • Recent Exceptions to the Inverse Rule
  • Using Gold to Identify Currency Leaders and Laggards
  • Golds Secular Performance
  • Valuing Currencies via Gold
  • Golden Correlations
  • Dont Forget Falling Gold Production
  • Gold and Equities: Hard versus Monetary Assets
  • Gold-to-Equity Ratios
  • The Role of the Speculators
  • Gold Is Part of a Larger Story

Chapter 2 Oil Fundamentals in the Currency Market

  • From a Gold Standard to an Oil Standard (1970s-1980s)
  • Oil Glut and Price Collapse (1981-1986)
  • The Super Dollar of (1980-1984) The Worlds Third Oil Shock
  • World Intervenes against Strong Dollar (1985-1987)
  • Iraqs Invasion of Kuwait and the Gulf War (1990-1991)
  • The Asian Crisis and OPECs Miscalculation (1997-1998)
  • Oil Thrives on World Growth, Dot-Com Boom (1999-2000)
  • Iraq War Fuels Oil Rally, Dollar Flounders, China Takes Over (2002 to Present)

Chapter 3 When the Dollar was King (1999-2001)

  • The Major Theories
  • Annual Performance Analysis of Individual Currencies

Chapter 4 The Dollar Bear Rises (2002-2007)

  • 2002: The Beginning of the Dollar Bear Market
  • 2003: Dollar Extends Damage, Commodity Currencies Soar
  • 2004: Global Recovery Boosts Currencies against U.S. Dollar
  • 2005: Commodities Soar alongside Dollar, Carry Trades Emerge
  • 2006: Dollar Vulnerable as Fed Ends Two-Year Tightening
  • 2007: Record Oil Boosts Loonie, Helpless Fed Hits Greenback
  • Lessons Learned

Chapter 5 Risk Appetite in the Markets

  • Carry Trades in Foreign Exchange
  • Using Risk Appetite to Gauge FX Flows
  • The VIX
  • Futures Flows
  • Corporate Bond Spreads
  • Tying It All Altogether: 1999-2007

Chapter 6 Reading the Fed via Yield Curves, Equities, and Commodities

  • Yield Curves and the Economy
  • Types of Yield Curves
  • Rationale of Inverted Yield Curve Implications
  • Effectiveness of Yield Curve Signals Implications
  • Greenspans Conundrum Proved Bernankes Problem
  • Implications for Growth, Stocks, and Currencies
  • Tying Interest Rates to the Gold-Oil Ratio

Chapter 7 U.S. Imbalances, FX Reserve Diversification, and the U.S. Dollar

  • The U.S. Twin Deficits
  • U.S. Current Account Deficit: Old Problem, New Challenges
  • Adding the Budget Balance to the Mix
  • Financing the Deficits: The Path to Unsustainability?
  • Dissecting U.S.-Bound Foreign Capital Flows
  • U.S. Stocks and Bonds Vie for Foreign Money
  • Capital Flows Shift Identities
  • Foreign Direct Investment and M&As
  • How Long Will Foreign Capital Be Available on the Cheap?
  • Dont Ignore U.S. Investors Flows Abroad
  • Currency Reserve Diversification: OPEC and the Middle East
  • Further Currency Diversification Is Inevitable
  • The View Ahead

Chapter 8 Commodities Super Cycles and Currencies

  • The Current Commodity Cycle versus Previous Cycles
  • Dissecting Commodity Classes
  • Commodities and their Currencies
  • Developing World to Maintain Ripe Outlook for Food and Grains
  • Energy Efficiency Not Enough to Halt High Oil
  • Copper and Gold to Shine on Long Term Fundamentals
  • Commanding Heights or Common Bubbles?

Chapter 9 Selected Topics in Foreign Exchange

  • Revisiting Yield Curves
  • Is Dollar Stability a Necessity?
  • How Far Will Commodities Outstrip Equities?
  • U.S. Politics and the U.S. Dollar
Comments (Showing latest 10 of 10) View All Comments
Athar dewidar, Egypt
Posts: 0
49 days ago
Jan 6, 2018 14:51
GBP USD trading signals free and ride wave C
Published: Thursday, 04 January 2018 14:45
Currency Recommendations and the Pound Sterling Recommendation from Gold Pattern the best free forex
GBP USD trading signals provider and trading signals is live and market excution order
sell @ 1.3550
tp @ 1.3480
sl @ 1.3590
Today's currency analysis and GBP / USD technical analysis indicates the completion of five upside waves
over the medium term Which started from the 1.3030 level of about two months
And ended near the 1.3600 level and we notice that the third wave is extended
and that the first wave is equal to the fifth wave
The pair dropped from $ 1.3600
To form wave A of the expected correction and the pair has made a corrective correction of about 50% of Fibonacci ratios
And the technical analysis indicates that the pair's bearish trend may resume in the near term to form wave C
According to the strategy of trading the zigzag pattern prefer to sell and ride the last wave C of the correction
And the price target in this case, as wave C will be EQUAL wave A
The target price is 1.3440
Summary of today's analysis of the GBPUSD technical analysis, currency recommendations and the GBPUSD recommendation
Preferably selling sterling as long as the pair is below 1.3600 targeting 1.3440
This is why Gold Pattern offers a recommendation to sell the free GBP usd signals on the mobile, e-mail,
and Gold Pattern website

Sami Bashir
Edmonton, Canada
Posts: 0
2 years ago
Dec 3, 2015 6:18
Good job Ashraf.
ku, Kuwait
Posts: 0
2 years ago
Sep 6, 2015 8:12
????? ????? ??????? ????? ??????? ???? ?????? ??? ????? ??????????
??? ???? ???? ????? ???? ?????? ??????? ???? ?????
alex, Egypt
Posts: 14
3 years ago
Jul 28, 2015 21:26
nice book Ashraf we hope you translate to Arabic
New York City, United States
Posts: 0
3 years ago
Jul 6, 2015 15:43
NIce book it is
beijing, China
Posts: 0
3 years ago
Jan 20, 2015 9:43
HIHI Ash, write a new book, ok? pls see today's crude and dollar...;)
Paris, France
Posts: 0
3 years ago
Oct 1, 2014 18:44
Hello Ashraf,

do you consider to translate your book in French?

Congratulations for your site! I am very happy to be a Premium member!
Ashraf Laidi
London, UK
Posts: 0
4 years ago
Jun 18, 2014 16:33
And here is the video I shot, juggling World Cups & Market Cycles

Full Video

Ashraf Laidi
London, UK
Posts: 0
4 years ago
May 15, 2014 7:34
My interview today on Bloomberg about the crucial Eurozone CPI & likely ECB options, as well as the importance of "real" yield differentials in explaining G7 currency performances.

Ashraf Laidi
London, UK
Posts: 0
4 years ago
May 1, 2014 16:55