Hi Ashraf...I have finally joined your forum after following the forum and twitter for a few weeks and reading your book which i must say was as enthrolling as it was thought provoking.
In way of my first forex post on this forum, I would like to ask you of you opinion on GBPUSD. Do you still eye 1.53 in near term or has todays gdp put some doubt on it on actually reaching 1.53 or on timing of it happening? Personally i think the Q3 GDP has little relevance as all the action (referring to spending review) has occured since q3 and future at the moment looks bleak for or atleast very uncertain (which usually means bearish for ). So there is big disconnect between Q3 and Q4 onwards. Also noteworthy q3 gdp boosted mainly by construction and govt spending which surely is not sustainable simply based on the spending cuts let alone impact on consumption etc.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 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(11 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(11 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 (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 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(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
In way of my first forex post on this forum, I would like to ask you of you opinion on GBPUSD. Do you still eye 1.53 in near term or has todays gdp put some doubt on it on actually reaching 1.53 or on timing of it happening? Personally i think the Q3 GDP has little relevance as all the action (referring to spending review) has occured since q3 and future at the moment looks bleak for or atleast very uncertain (which usually means bearish for ). So there is big disconnect between Q3 and Q4 onwards. Also noteworthy q3 gdp boosted mainly by construction and govt spending which surely is not sustainable simply based on the spending cuts let alone impact on consumption etc.