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by Ashraf Laidi
Posted: May 28, 2009 15:40
Comments: 129
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This thread was started in response to the Article:

Yield Shoots, Dollar Leaves

Soaring yields give no choice to the Fed but to increase the quantity of bond purchases at the expense of the dollar. Speculative Forex positions agree.
 
 
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fibb22
California, United States
Posts: 3
15 years ago
May 29, 2009 15:20
Hope this question is not too 'off-topic' Ashraf - for unleveraged fx, switching deposit currencies rather than trading fx futures, would you choose AUD right now, or something else ?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 29, 2009 9:40
jj, yes indeed. it's also breaking the upward channel started on March 10.

Ashyraf
jjstone
Toronto, Canada
Posts: 45
15 years ago
May 29, 2009 9:29
1.6050 is the 38.20% on the 2.0140 peak to 1.35 low on the GBPUSD.
houram
Canada
Posted Anonymously
15 years ago
May 29, 2009 4:38
Hi Rob,

I actually invest in emerging markets and commodities rather than trading them. I recently bought some BRIC ETFs through my bank direct investment account and I won't look at them for a long long time, may be I will add more by Q3 when things will hopefully turn back to normal. Commodities I buy through CMC Markets, mostly gold, silver, agriculture and some metals.
Rob
New York, United States
Posts: 305
15 years ago
May 29, 2009 2:51
Hi Houram,

Yes, the FED is the original sin in this whole debacle if you ask me. Do "they" need more money - of course not- more power I guess, they have the ability to afford any luxury imaginable. This system seems very OLD (money) and dates back to at least the FED Reserve Act in 1913, but there were roots before. It's crazy to me that no one sees between the lines.
Oh wait, I forgot Obama will save us all!!!
Anyhow - Do you trade emerging market equities with an online broker? If so, which one? Mine deals mostly with US stocks.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 28, 2009 20:58
AUDNZD, start clsoing shorts at 1.25, followed by 1.2450.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 28, 2009 20:47
Rob, that's a topic on which i'd rather provide links for on twitter. But you can google the history of the Rotschild Family, their dominance in international finance and role in wars etcc..

China said in so many words they do not like the current situation of a falling dollar and falling bonds but also said they cannot do anything about it. They said theyre ready to sell guilts but not treasuries.

Watch out from any diplomatic rhetoric from Geithner (who speaks Chinese) in his trip to Beijing.
Ashraf
houram
Vancouver, Canada
Posts: 55
15 years ago
May 28, 2009 20:43
Hi Rob,
The Fed is powerful but still I believe it was the Fed that caused the financial crisis by giving "cheap" money and now they try to solve the crisis by printing even more money!!! What will happen next? Dollar loses its value, commodities will go up and so on. I don't understand why they do it but one thing I am certain is that I will keep away from US equities (emerging markets will do much better), buy more commodities and will stay dollar short.
Rob
New York, United States
Posts: 305
16 years ago
May 28, 2009 18:02
Hey Ashraf,

Would you care to briefly comment on your twitter article regarding the Bilderberg Plan? Looks like the Fed is doing a great job at destroying the dollar. Do you believe the Fed is the almighty most powerful and corrupt organization in the world and basically owns the world? If you don't want comments like this on your site, I'd be glad to stop - just wondering if I'm alone on these thoughts.

Also, didn't the Chinese say a few weeks ago that the dollar WILL remain the world's reserve currency and that the idea of a basket of currencies was just "scholarly"? Now they want to change their minds again? Thanks a lot
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