Ashraf Laidi discusses the "surprising" release of the minutes from the December FOMC meeting indicating "Several" FOMC members favoured stopping or slowing the pace of asset purchases well before end of 2013. Ashraf clarifies there is a vast ocean between slowing down the pace of purchases, seizing purchases altogether, and starting to sell bonds. Slowing the pace of purchases by no means implies a policy tightening. The impact of any shift in policy is more likely to be reflected in rising bond yields than in falling equities. Markets undergo several phases of transition according to the shifts of Fed policy, but one thing is clear is that neother the flow of asset purchases nor the decline in the unemployment rate will ever go in a straight line.
Ashraf's 4-year comparative performance charting of 11 currencies, 7 equity indices, & 14 commodities for Premium Insights members.
- What was the best performing currency in 2012?
- How to find out w/out making several cross-FX comparisons?
- What conclusion to draw from Aussie's performance relative to CAD & JPY?
- How copper fared vs against gold and crude?
- Coffee, cotton and corn are also included, as well as FTSE-100, S&P500 and the Nikkei-225.
FIND OUT HERE: http://ashraflaidi.com/forex-news/comparative-intermarket-performances-from-2009-to-2012
How we got these figures on Nasda100 and SP500. On Monday, I posted a chart here showing the path to 28200 on Nasdaq100. The post was published when Nasdaq was at 28957. On Tuesday, Nasdaq recovered all the way to 29800 ahead of the NY open, before dropping 1600 pts to print a session low of 28200--not 28250 nor 28170 but 28200. Now, you must also ask "how did Nasdaq charted the path from 28957 to 28200?". On Tuesday, we posted this chart identifying that any upside will be limited at the right shoulder resistance of 29750. And that is exactly what it did (here's the chart again)
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