Intraday Market Thoughts

Archived IMT (2010.10.19)

by Ashraf Laidi
Oct 19, 2010 15:20

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 , this USDX CHART and this GBPCAD chart 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


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