EUR

Hi Ashraf,

I agree with you, I stated at the end , I'm go long e/u g/u, but only renting , due to my bias being ex pected DXY in pullback.

I have been following you for 5 weeks, I don't think I have ever gone against one of your calls, no I don't think I'm a super trader , I was looking for some feedback as what you think the next shift is, that being , will the spoos rise with the dxy, as like last week, or BB speech this week will give traders more reason to sell, therefore more dxy buying... my analysis is telling me there is an underlying shift occuring.

cheers.

Hi ashraf,

Looking at latest COT ATB, extreme o/s g/u e/u, commods profit taking, BUT! spoos building longs once again, we know the fundamentals for g/u e/u drop,& interest diff, don't expect inflation numbers this week to be overly bullish .

Oil rise once again to resistance levels, the last time we had a major correction (20+) commodities were the last to know about it , LoL , oil 145.

Be that as is may, the usa equities are being ring fenced , so to speak, there is no dramatic event , if known, that will be allowed to crush this " recovery", so I will discard the variable of the commodities be the last to know about it, this time around.

So this brings me to another variable, g/u e/u are priced to their correct value now, and this leaves us with a two horse race, dxy vs spoos, is another paradigm shift about to take place?, that these two instruments rise together, I doubt it, not for long anyway.

That leaves one question then, which has more weight?, the spoos or dxy, no I don't think I will fight the FED or, for that matter the tape. Then this must conclude a sizeable throwback in the dxy.

I'm ready to go long vs dxy (g/u e/u), though, only for renting.

Cheers