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Results: 661 to 670 of 1,000
Results: 661 to 670 of 1,000
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Intraday Market Thought: Pavlovian Powell Play
by Adam Button | Jun 16, 2020 17:16
Fed Chair Powell stuck to a largely expected rhetoric during his....Powell's testimony lead with indications that the US may be bottoming....He did his best to qwell speculation of negative rates, while admitting they....مستويات المضاربة العرضية...فيديو المشتركين)....Monday's unexpected announcement from the central bank revealed more....Risk trades rebounded after a poor start to the week...Now heavy slate economic data kicks off...The Fed has rolled out an unprecedented number of programs since the start of....On Monday, the Federal Reserve announced it was buying corporate bonds directly...Risk assets jumped and the US dollar sank...Previously the Fed had only been buying corporate bond ETFs...A closer inspection shows that the Fed was mostly doing what was already....When corporate bond buys were announced in March, the plan was always to buy....Effectively the Fed was simply doing what they had already promised to do...Certainly we could take issue the rational...Initially the Fed said “Purchases will be focused on reducing the broad-....rdquo; Corporate spreads are already in-line with that objective, so arguably....Of course, that wouldn't be in-line with Powell's pledge last week to....quot;....So while this wasn't anything new or surprising, the timing was odd...It could have been announced on the weekend or before the market open...Given that this wasn't anything new or material and that the Fed didn't....The automatic risk-on reaction to “Fed” and “bond buying”....There's no deeper strategy...That underscores the emotion in the market and how the narrative can flip....Risk trades were initially bumped higher Monday when Florida rose 2...3%, below the 2...4% average over the past week...nbsp; However note that cases reported Monday have been consistently low....So while cases at 1758 were certainly lower than the 2581 record on Saturday,..
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Intraday Market Thought: Biden Leads but Questions Remain
by Adam Button | Nov 5, 2020 18:35
There have been big moves in equities and bonds following the US election but....USD selling and indices buying intensified on the inevitable scenario....Ans dont forget Bitcoin, which rallied to $15,300...The FOMC is up next...nbsp; Ashraf is expected to issue a trade after the FOMC stmt and ahead of....nbsp;....Betting markets are giving Biden an 88% chance of taking the White House in a....If he retains the lead in both, he wins...But even if Trump mounts an unanticipated comeback, Biden could win....Aside from the voting uncertainty, Trump has taken his fight to the courts...Legal watchers say his efforts are a longshot but they send a strong signal....The vote also ensures that one side or the other will feel deep disillusion....In terms of legislation, the equity market cheers that there won't be....We always viewed those as longshot outcomes anyway, given the number of....There is some sense of a relief trade but this isn't exactly a clear....That thinking was clear in bonds where Treasury yields fell 14 bps at the long....What comes next is murky and that's reflected in the FX market...AUD/USD was unable to break Tuesday's high and there was sideways trading....It's clear to us that the growth outlook for the US and countries that....But that could be recovered on better China relations...At the same time, the virus still looms and the US hit 100,000 cases for the....In Europe though cases appear to be cresting...In all, the murkiness argues for caution on all fronts in the days ahead...In addition, the ADP jobs data and the employment component of the ISM services....Admittedly though, they haven't been great predictors lately...First, we get the FOMC decision...Given the uncertainty, expect Powell to stick to the script but reminder markets....The election will undoubtedly overshadow it.
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Intraday Market Thought: Euro's Latest Tug of War & S&P500's Tech Rebound
by Ashraf Laidi | Jul 4, 2011 13:42Euro eneters a new tug of war, this time between expectations of an ECB rate....Bringing on new trades for EURUSD, EURJPY, S&P500, FTSE-100, Silver, with....Key Daily & Weekly Charts in EURUSD & S&P500 shed light on the technical picture....DIRECT ACCESS http://www...ashraflaidi...com/products/sub01/access/?a=450....NON-PREMIUM Members Join here: http://www...ashraflaidi...com/products/sub01/.. -
Media: Ashraf Laidi 's $1.29 EURUSD Call on CNBC - Forex, Debt
by Ashraf Laidi | Oct 3, 2011 2:09 -
Intraday Market Thought: Yellen Autopilot Extends Hammer Candles
by Ashraf Laidi | Feb 11, 2014 17:07
Yellen's testimony signals that further tapering remains part and....Yields, yen crosses and equity indices follow up on last week's hammer....Full charts & analysis..
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Intraday Market Thought: Yields' Fake Rally
by Ashraf Laidi | Oct 16, 2014 19:26
You know there's something inherently wrong with markets when each....Today's remarks fron St Louis Fed's Jim Bullard suggesting the Fed....Greek spreads are back and the yields dwontrend remains intact...Full charts & analysis.
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Intraday Market Thought: It's China's turn
by Ashraf Laidi | Aug 12, 2015 12:32
Devaluing currencies from the US to Japan, Eurozone and China...Although Japan started zero interest rate policy back in the mid-1990s, for a....Fed in 2009....The Fed's ZIRP began in December 1998, before heading off QE in March....As a result, the US dollar index fell more than 18% on two occasions; in 2009....Japan in 2012....Japan finally succeeded in combatting yen strength by voting in a new Prime....Thanks to two waves of QE in 2013 and 2014, the Bank of Japan's asset....The result was a 32% decline in yen's trade-weighted index and a 60% plunge....Eurozone in 2015....In March 2015, the European Central Bank inaugurated a full scale €1...1tn QE program, at the tune of €60...0 bn in monthly purchases of public and private sector assets until September....The program aimed primarily at reversing deflation and easing financial....China in 2015....This week, the China reported the 9th consecutive monthly decline in imports....With most business surveys indicating a contraction, China's economic....nbsp;After weakening the yuan by nearly 3% earlier in the year, the People's....nbsp;But the rising dollar made things worse...Yesterday's yuan 1...9% devaluation and today's subsequent 1...5% decline means that 5% depreciation is inevitable...Any devaluation greater than 7%-10% would be a serious threat for global....Let's not forget the CNY appreciated 11% after the 2008-9 crises and that it....A CNY decline of such magnitude could occur if China mismanages the balance....Another risk to such balance would be renewed Chinese data disappointments and....The likelihood of all this materializing is about 40%....Yuan manipulation?....With regards to accusations against China continuing to manipulate its....This is no longer 2005 or 2006, when minimal revaluations were dwarfed by....The currency may not fully function according to perfect market forces, but....During that time, China GDP slowed from 10% to 7%, exports fell from a rate of....The IMF and most economists deem the yuan to be overvalued against the..
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Intraday Market Thought: Why has Druckenmiller Dived in Gold & Copper
by Ashraf Laidi | Aug 17, 2015 2:49
Four weeks after gold tumbled to 5-year lows on revelation of far lower Chinese....He also loaded up on 2 large miners...Stan Druckenmiller's family office, Duquesne Capital Management, bought 2...9 mn shares of SPDR Gold Trust's GLD ETF, worth $323...6 million at the end of June, according to the Securities and Exchange....Duquesne's gold ETF purchase bumped the fund's Facebook holdings off the....47 bn fund...nbsp; ....Druckenmiller acted as George Soros' chief strategist when he helped....Since its inception in 1986, Duquesne has had an average return of 30% per....nbsp; In early May, Druckenmiller told Bloomberg in May that interest rates....nbsp;....Druckenmiller vs Paulson....Despite the scale and timing of Druckenmiller's gold position, it....The fact that Druckenmiller has also purchased 1...28 mn shares of gold miner Newmont Mining and 3...6 mn shares of copper giant Freeport-McMorcan in the same quarter could....In contrast to Druckenmiller, John Paulson, the biggest holder of the GLD....While Paulson is the biggest owner of GLD, accounting 4% of the ETF, the fund....More importantly, Paulson's gold selling is a result of forced....As John Paulson is quietly planning an exit out of his gold holdings,..
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Intraday Market Thought: Ashraf's London Seminar this Saturday
by Ashraf Laidi | Feb 22, 2016 13:56Ashraf's London seminar at XTB's Trading Masterclass on Saturday, Feb 27...You are invited to attend Ashraf's speech at XTB's London headquarters....Ashraf will join a special guest speakers to share his experience on....An interactive Q&A session will follow...At XTB's Trading Masterclass, you will:....Engage in an interactive Q&A session with professional traders...See expert investors analysing markets in real-time...Learn how to apply multiple time-frames of analysis to your strategies...To reserve your place, please click here. -
Intraday Market Thought: Gold & USDJPY Eye 76.4%
by Ashraf Laidi | Dec 23, 2016 17:14
As gold and USD/JPY near their 76...4% retracement, questions about their similarity and differences resurface...Gold's 76...4% retracement of the rise from the December 2015 lows to the July 2016....50...Historic 76%....Over the last 15 years, never has gold retraced more than 76...4% of a major rally or decline of 25% or more...Similarly, USD/JPY has never retraced more than 76...4% of a major rally or decline of 25% or more...The definition of “major” means that the move begins from a multi-....Does this mean that gold is near the low and USDJPY is approaching its peak?....A new note on gold and USDJPY has been issued to susbcribers alongside this..
