أشرف العايدي على سي ان بي سي العربية -- 03 أبريل 2013
Apr 3, 2013 15:33
Telling CNBC Arabia that yen traders await Thursday's BoJ decision, which will be scrutinized for whether governor Kuroda succeeds in producing a majority vote in favour of an increase in the amount of assets buys and extending the duration of bonds under the asset purchases program (APP to five years or longer, from the current three years.
There is also the contentious "bank note rule", which stipulates that total asset purchases by the central bank may not exceed total bank notes in circulation so as to avoid monetizing of the debt.
The worst from Cyprus is gone as long as there are no signs that haircuts on deposits spread to other Eurozone nations.
Both ADP and services ISM were a disappointment, which is leading to fresh yen strength vs USD.
The latest Premium trades on EURUSD, USDJPY, GBPUSD and GBPUSD are found here: http://ashraflaidi.com/premium/short-term-forms-medium-horizon
If you missed last night's video, I posted 4500 and 72 as targets for gold and silver respectively from my Friday charts. Here is a quick video on the likely support levels in gold and silver following Trump's announcement to appoint Kevin Warsh to head the Federal Reserve. Despite the cacophony of pundits' comments concerning Warsh's economic stance (and change of mind) about inflation and productivity, he remains a maverick able to surprise the markets and even Trump. 3 mins video.
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