EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
During yesterday's sleepy markets, I highlighted in this tweet the rally in bund futures (rising prices, falling yields) may signal similar price action at the subsequent session, when US bond yields/prices return from Memorial Day Weekend. Today's bond price action did not disappoint, as the homogenous asset class moved in concert, delivering gap ups in prices and falling yields. This was a desperately needed development for yen bulls (particularly USDJPY shorts). Interpret what you wish from the chart below as to which is the dependent and independent variable (USDJPY or yield spread). Who leads whom? Shorting USDJPY has been the "pain trade" for our WhatsApp Broadcast Group, as we await Wednesday's debt ceiling vote and the JOLTs survey. Hanging in there.
Sorry for the delay. We have just replied.
Best
Ashraf
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Thanks
Ashraf
Sorry for the trouble you're experiencing.
Can you please email us here and we solve any issues you have.
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Thks
Glad it all worked out.
Welcome aboard
Ashraf
Thks for your concern. The DOW30 trade tested 28300/28400 twice or 3x before heading back to 27800 and 27500 giving subscribers recurring opportunities in shorting and locking and reentering, or opening various pstns.
You may recall EURUSD rose to 1.1880s after the trade was issued and later dropped back to 1.1750s ie the same notion as DOW30, giving subscribers plenty of opportunities to get in and out and in again.
Finally, i suggest you may want to consider joining the WhatsApp Broadcast group, which consists of frequent trades and ideas on the markets, pre-trade alerts and 2-way interaction between Group members and Ashraf Laidi, all on the WhatsApp App.
WBG members receive frequent updates on existing Premium trades than for general Premium subscribers, as well as trades and suggestions on hedging and stops not available to the general Premium subscribers.
Updates and trades to WBG are communicated via text, voice notes and charts on WhatsApp on currencies, commodities, indices, bonds and occasionally individual indices.
WBG members can interact with Ashraf Laidi team via WhatsApp to seek clarifications and views on specific trades, or on the markets in general.
All the details are here: http://ashraflaidi.com/premium/subscribe
Psl let me know if you require are clarifications.
Regs
Ashraf
GBP & JPY are facing opposing forces.
Let's see
Ashraf
And that is why i created this poll, making these crucial distinctions (testing but not breaking). I would expect retesting the lows before hitting new highs.
Ashraf
Yes, that seems to make sense. There was a Bloomberg survey of wealth managers saying their clients are waiting for another decline before buying. Many have missed buying those lows and are now desperate to get them back. Sort of like the 1987 low, which was never broken but only retested, leaving many to miss the rally.
Ashraf