It's no less than a passing comment when you state that "the recession is over everywhere now". To begin w/...what does everywhere mean? Does it include some UAE economies, which are teetering on the verge of collapse (e.g. Dubai)? Does it include India where they are still tweaking the interest rates? And what about Iceland?
And by the way - I believe Ashraf also stated it s/where - even the European figures may as well be a blip! We'll see what Germany and France have to offer in the next term. Remember what IBRD stated earlier this year - the recession is worst than expected...and that the world economy will shrink not by X%, but a worse Y%!
I'd love to meet anyone who says that the recession's going to be over w/in 2009... *smiles*
The market is not for the nervous, but the disciplined! I feel the market's a bit nervous - even a bit confused. Just MAKE SURE you have your stops & limits in place...at all times. Discipline! I'm short...but even heavier than before - risk appetite differs - as I back my judgement (& now Ashraf's backing) of a first correction near 64!
Below 64, I'll trade more cautiously (but not nervously). Right now, the market is yours to take (caveat: discipline!)
It'll be pretty difficult breaking 60/b. If indeed it does...it could be heading to 55! We can expect OPEC to intervene as well. I agree w/ Ashraf on the first support level - 64 (we might even touch it by tomorrow). Again, breaking 60 seems a bit improbable. Something will give in around this level - supply disruption, Iran-ralated tension, US oil inventories or even hurricanes. In any case, we would not see ឬ.
Radu, I closed my previous position around 66.90s...and opened a new position at 66. It's positioned to close around $62...but I'm watching very carefully (I'll do this one manually *smiles*...looking at trading volumes at certain levels).
Just gathering opinion...where do you see support for oil? I mayyyyy be wrong but a correction across the board was on the cards. Say, the Dow will get support b/w 8000 & 8200. The result season is over, the GDP figures are coming mixed...there's no incentive for bulls to remain bullish!
Yeah I'm only into oil...and I've read/heard/seen many analysts go on about technical and fundamental analysis over the years...but Ashraf...your analysis speaks for yourself! Seriously...even if you were to go wrong (by a shade barely, rarely)...you put so much insight and logic into it that you keep me thinking, 'no...the market behaved silly - Ashraf can't be wrong!'
Your last comment,
'THATS THE BEAUTY OF INTERMARKET ANALYSIS, YOU CAN TRADE AT LEAST 5 DIFFERENT CURRENCY PAIRS IF/WHEN YOY KNOW WHERE EQUITIES/OIL/YIELDS ARE HEADING.'
...leaves me w/ a mixed feeling. I feel idiotic and naive on one hand...and admit I've SO much to learn on the other. In all, it's a bit depressing. That's what you can do to other. :)
I envy the people under your tutelage! What understudies will they be...
Party yeeeaaaayyyy! Eating on us and bills on Ashraf (since he gets to move the markets).
And I volunteer to read you kids an excerpt from Ashraf's lastest story book - Currency Trading & (the) Inter (of) market Analysis (yeah, I've finally given in...and going to get one).
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
تجنب الخطأ الشائع المتمثل في خلط مؤشرات الناسداك وداوجونز و الاس ان بي وإليكم كيفية تفاعله بشكل مختلف مع تذبذبات في عوائد السندات ليست كل مؤشرات الأسهم متشابهة. شاهد الفيديو
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields -Details in video description.
Latest Hot-Chart - Apr 09
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
Apologies. Need to work on my perception...
Add to this the $14 tn federal debt & the equation becomes even more interesting...
It's no less than a passing comment when you state that "the recession is over everywhere now". To begin w/...what does everywhere mean? Does it include some UAE economies, which are teetering on the verge of collapse (e.g. Dubai)? Does it include India where they are still tweaking the interest rates? And what about Iceland?
And by the way - I believe Ashraf also stated it s/where - even the European figures may as well be a blip! We'll see what Germany and France have to offer in the next term. Remember what IBRD stated earlier this year - the recession is worst than expected...and that the world economy will shrink not by X%, but a worse Y%!
I'd love to meet anyone who says that the recession's going to be over w/in 2009... *smiles*
The market is not for the nervous, but the disciplined! I feel the market's a bit nervous - even a bit confused. Just MAKE SURE you have your stops & limits in place...at all times. Discipline! I'm short...but even heavier than before - risk appetite differs - as I back my judgement (& now Ashraf's backing) of a first correction near 64!
Below 64, I'll trade more cautiously (but not nervously). Right now, the market is yours to take (caveat: discipline!)
It'll be pretty difficult breaking 60/b. If indeed it does...it could be heading to 55! We can expect OPEC to intervene as well. I agree w/ Ashraf on the first support level - 64 (we might even touch it by tomorrow). Again, breaking 60 seems a bit improbable. Something will give in around this level - supply disruption, Iran-ralated tension, US oil inventories or even hurricanes. In any case, we would not see ឬ.
Radu, I closed my previous position around 66.90s...and opened a new position at 66. It's positioned to close around $62...but I'm watching very carefully (I'll do this one manually *smiles*...looking at trading volumes at certain levels).
Await Ashraf's IMT...
Just gathering opinion...where do you see support for oil? I mayyyyy be wrong but a correction across the board was on the cards. Say, the Dow will get support b/w 8000 & 8200. The result season is over, the GDP figures are coming mixed...there's no incentive for bulls to remain bullish!
Yeah I'm only into oil...and I've read/heard/seen many analysts go on about technical and fundamental analysis over the years...but Ashraf...your analysis speaks for yourself! Seriously...even if you were to go wrong (by a shade barely, rarely)...you put so much insight and logic into it that you keep me thinking, 'no...the market behaved silly - Ashraf can't be wrong!'
Your last comment,
'THATS THE BEAUTY OF INTERMARKET ANALYSIS, YOU CAN TRADE AT LEAST 5 DIFFERENT CURRENCY PAIRS IF/WHEN YOY KNOW WHERE EQUITIES/OIL/YIELDS ARE HEADING.'
...leaves me w/ a mixed feeling. I feel idiotic and naive on one hand...and admit I've SO much to learn on the other. In all, it's a bit depressing. That's what you can do to other. :)
I envy the people under your tutelage! What understudies will they be...
Yuki has had run-ins w/ the tax authorities - no wonder she liquidated her positions & brought down the w/site...
And I volunteer to read you kids an excerpt from Ashraf's lastest story book - Currency Trading & (the) Inter (of) market Analysis (yeah, I've finally given in...and going to get one).