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
I broke down the video below intoTime Stampsfor easier subject selection.
The widely anticipated Fed decision to hold rates unchanged means that December 2025 was the final rate cut under the Fed chairmanship of Jerome Powell. He has two FOMC meetings left to chair (March and May with no meeting shcheduled for April). Most notable about yesterday is that the FOMC statement was less dovish than Powell's press conference. The evidence lies in the 10-15 mins charts, showing EURUSD and gold dropping a bit after the FOMC statement, which noted improvements in growth and employment. Once Powell struck a dovish tone in his press conference, gold stabilized, and took off rapidly after Powell wrapped it up. تم تقسيم الفيديو الى أجزاء زمنية
The other point helping metals was the lack of any substantial comments from US Treasury Secretary Bessent about supporting the US dollar. The fact that there was no explicit remarks favouring the USD strenbth, extended the status quo. Saying the US did not interevene in capping USDJPY was not enough.
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