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USDJPY Strategy and Yield Curve Analysis
USDJPY is set for another short-lived attempt of 103 yen while prolonged yield curve steepening in the US, EU and UK tells about the probabilities of incoming rate cuts.
I have been making money shorting usd/jpy, gbp/usd, eur/usd, thanks to your insight.
This aud/usd is very disappointing, is there life in this pair - aud/usd? Looks like dying. Your thoughts pls. I long 2 orders of aud/usd, losing money, dont know if I should cut loss. Thanks.
Ive explained risk appetite in detail all over this site, as well as in CHAPTER 5 of my book "Risk Appetite in the Markets", where I use illustrations showing relationship between stocks, VIX, JPY and the higher yielding currencies such as AUD, NZD and GBP. I repeat, if you want to make money in this forex market, you must grasp the concept of Forex and risk appetite. My book is the first ever book to devote a detailed chapter on this. Chapter 5.http://www.ashraflaidi.com/book/
Why is the Yen so strong?
Maybe you've explained it elsewhere and links are ok
Many thanks. Great work!
Tim
0.76 seems a decent resistance for AUDUSD as far as best case scenario. Yesterday's Aussie PPi data means tomorrow night's CPI data will be also on the high side and further push Aussie higher. Absent any aggressive seling in Wall St on Tuesday, we may see 0.75 after tomrrow's CPI release.
What is the upmove target for AUD/USD? 1.76 area? Thanks.
BTW, I have asked CMC Markets in Australia but they can only provide your "delayed" daily commentary due to the time lag. How to have your "real-time" commentary? Should I go to UK CMC London headquarters?
Yes, prices could RISE towards those resistance levels then are likely to fail. As for the possibility that prices will drop from current level without extending higher to those resistance targets, it is less probable. We'll have to see how sentiment develops early next week. Just say tuned.
As for your statement that I have been "providing free advice all the time after CMC", I am still with CMC. I will be joining our London headquarters in early November, so CMC clients can still receive my analysis. Also, the advice on this site may have been free but it is adhoc, meaning it covers one particular pair or another, and NOT all of them on a daily basis.
At any rate, for all those who have been appreciating these analysis, all of it is covered in bigger detail in my book (gold-oil ratio, yield curve analysis to help you read forex and central banks and carry trades). There's also an extensive section on the dollar and stock market cycles during years of pesidential elections and following elections. The book is due out on Dec 15 but you can pre-order it today at a discount from Amazon by clicking on the book section in this site.
Ashraf
Ashraf