I hope you're enjoying/ed Vegas and the show! I was wondering if you saw the article in FT today titled US Dollar? It's in The Lex Column. Essentially the article says the USD is due for a correction because it's 12 percent below "fair-value" on a trade-weighted basis. It also cites some fundamentals about the US economy, interest rate differentials, and timing of recovery in US compared to other countries. Please share your thoughts if you have read the article. Thanks
ps - my computer no longer allows me to click on the [read more] link on your IMT's
Great point! - with oil down and risk aversion up - CAD/JPY makes the most sense. I'm short GBP/JPY, do you have any targets? Also, I should jump in on the CAD/JPY short also. Any entry points and targets that you see as good for that pair? Thanks so much.
Great, I was hoping for more like 1.13 later or even in the end of August. I suppose it all depends on equities though? and oil? I'm not intending to be greedy - just looks as if 1.08 is a great support and equities, etc. may start to unwind. And a longer term play would be great. What do you think? Thanks for everything Ashraf.
I know your favorite long-term play is AUD though.
Thanks for the recent calls! I'm long USD/CAD currently. Ideally, I'd like to hold it for a while, as I'm not able to watch the market as closely as I used to. But then again, wouldn't everyone like to do that. Do you feel this is feasible? I'm in at just under 1.08. Thanks for you insight.
Thanks for the last IMT, I had similar thoughts and shorted GBP/JPY at 153.50. Can you give a stop point for that. Thanks so much. Killer USD/JPY call/chart, by the way.
Hopefully the stop will be irrelevant by the time you get this. Thanks as always.
I remember several weeks ago that the Canadian Central Bank said it didn't like strength of it's currency against the USD, and also said it could begin quantitative easing because the economy wasn't as strong as they'd expected. With the interest rate decision next week - do you feel those events will happen? But more importantly, if the dollar continues to fall across the board, do you think talk out the central bank will be enough to cause people to sell CAD (again, assuming the dollar is still falling hard)? Thanks for your opinion.
With USD strength being compromised by US debt and economy, BRIC moves out of USD, and China and Russia opening their mouths about different reserves - how do you feel about going long GBP/CAD (or EUR/CAD) instead of USD/CAD? Both pairs seem to have quite a strong upward channel in daily and weekly charts. Thanks
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)
I hope you're enjoying/ed Vegas and the show!
I was wondering if you saw the article in FT today titled US Dollar? It's in The Lex Column. Essentially the article says the USD is due for a correction because it's 12 percent below "fair-value" on a trade-weighted basis. It also cites some fundamentals about the US economy, interest rate differentials, and timing of recovery in US compared to other countries. Please share your thoughts if you have read the article. Thanks
ps - my computer no longer allows me to click on the [read more] link on your IMT's
Great point! - with oil down and risk aversion up - CAD/JPY makes the most sense. I'm short GBP/JPY, do you have any targets? Also, I should jump in on the CAD/JPY short also. Any entry points and targets that you see as good for that pair? Thanks so much.
Great, I was hoping for more like 1.13 later or even in the end of August. I suppose it all depends on equities though? and oil? I'm not intending to be greedy - just looks as if 1.08 is a great support and equities, etc. may start to unwind. And a longer term play would be great. What do you think? Thanks for everything Ashraf.
I know your favorite long-term play is AUD though.
Thanks for the recent calls! I'm long USD/CAD currently. Ideally, I'd like to hold it for a while, as I'm not able to watch the market as closely as I used to. But then again, wouldn't everyone like to do that. Do you feel this is feasible? I'm in at just under 1.08. Thanks for you insight.
Thanks for the last IMT, I had similar thoughts and shorted GBP/JPY at 153.50. Can you give a stop point for that. Thanks so much. Killer USD/JPY call/chart, by the way.
Hopefully the stop will be irrelevant by the time you get this. Thanks as always.
I remember several weeks ago that the Canadian Central Bank said it didn't like strength of it's currency against the USD, and also said it could begin quantitative easing because the economy wasn't as strong as they'd expected. With the interest rate decision next week - do you feel those events will happen? But more importantly, if the dollar continues to fall across the board, do you think talk out the central bank will be enough to cause people to sell CAD (again, assuming the dollar is still falling hard)? Thanks for your opinion.
Right here - http://www.allheadlinenews.com/articles/7015683761?Rogue%20Trader%20May%20Have%20Spiked%20Oil,%20Raised%20Volumes%20Through%20Unauthorized%20Trades
With USD strength being compromised by US debt and economy, BRIC moves out of USD, and China and Russia opening their mouths about different reserves - how do you feel about going long GBP/CAD (or EUR/CAD) instead of USD/CAD? Both pairs seem to have quite a strong upward channel in daily and weekly charts. Thanks