أشرف العايدي على سي ان بي سي العربية -- 09 أبريل 2013
Apr 9, 2013 15:28
Ashraf tells CNBC Arabia about the 5th consecutive daily rise in EURUSD—the longest series of advances since December as the balance of risks in FX shift from waning event risk in Eurozone to question markets about US growth. One key source of volatility is Wednesday's release of the FOMC minutes. Each of the last 3 FOMC minutes led to a rallying USD and tumbling gold. Selling USD bounces is part of the strategy, while 1.3150s is the anticipated cap in EURUSD. In our latest Premium Insights, we issued 3 new trades in EURUSD last night (Monday), 2 of which are currently in progress.
For all the trades on EURUSD, EURJPY, gold, silver and US crude, please see the latest Premium Insights here:http://ashraflaidi.com/premium
As gold regains $2000/oz for the third time over the past three years, it's important to distinguish the fundamental and intermarket dynamics for each of these three occasions ($2000/oz) before assessing the road ahead. There are endless combinations of metrics to be used in comparing August 2020, March 2022 and today. I will use the DXY, gold/silver ratio, Fed Funds rate and the Fed's Balance Sheet.