Archived IMT (2010.10.19)

THE TRICK IS NOT TO CHASE the market but to look ahead. Followers of this website and my interviews (posted on here especially over past 2 weeks) have been inundated with my repeated calls that the only effective way for any lasting USD stability is i) renewed Ezone troubles and/or ii) a Chinese rate hike (not hiking reserve ratios). It finally happens now and effectively drags down currencies. AUDUSD hits 0.9730 target. You have seen this EURUSD CHART http://chart.ly/yag8wlm , this USDX CHART http://chart.ly/yqjeuyt and this GBPCAD chart http://chart.ly/t2d6d85 Out of the office but supported you for 5.5 hrs nonstop via twitter through the ZEW survey, PBOC rate hike and BoC rate rate decision. Twitter/alaidi