Ugh, I here you loud and clear on that Ashraf - any general forecasts on the US economy would be appreciated. You mentioned an "L"-shaped recovery in one of your interviews today, if I'm not mistaken. Do you project a "lost decade" type scenario and near depression in the US ahead? Thanks.
Just read your last IMT - if those levels pan out - EUR/JPY and GBP/JPY will follow higher, yes? Sticking with the hot-chart? By the way, I enjoyed your interview on CNBC, I like the crime scene analogy.
How many times can GBP/JPY knock on the 150.00 door before it finally opens? Do you see renewed Yen weakness even if equities fall? Has that game changed as well? I guess you'll be spending the summer writing a new book! Ha
Hey Ashraf, I haven't watched the markets much this morning - but is there any good reason for Yen to be losing ground while equities are doing the same - it doesn't look like the typical risk aversion plays are going the way they usually do with falling stocks - any thoughts are appreciated
Gold at $16,000 - and the time-frame you're giving is a year or two? I don't think central banks and govt's around the world will allow that to happen, because of how it will make their (fiat) currencies look. Still seems fixed in some way to me. But hey, $16,000 gold is fine with me.
Went short GBP/JPY this time, perhaps a tad too early - however, have you looked at the 4-hour or daily chart - seems as if 150.00 couldn't be breached 3x already and is a very strong resistance, would you agree?
I've been selling both EUR/JPY and GBP/JPY on downward moves in stocks - do you prefer EUR/JPY over GBP/JPY because the EUR is the weaker currency? It seems to me that GBP/JPY loses more (and gains more) depending on the direction of the day?
Question/Comment for anyone who wants to respond - Shouldn't a drop in housing starts actually be GOOD for the US economy? The housing bubble and glut of excess inventories seems to be the major problem, or at least the major consumer driven problem. And with less houses constructed, the supply goes down, which is just what we want for a recovery. In my view, the last thing the US needs is growth in the number of new houses, right now.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
Video includes:Levels I'm anticipating before getting back into these 3 stocks; How toprofit from AI's copper and power surgewith English substitles. Watchشاهد
I haven't watched the markets much this morning - but is there any good reason for Yen to be losing ground while equities are doing the same - it doesn't look like the typical risk aversion plays are going the way they usually do with falling stocks - any thoughts are appreciated
Shouldn't a drop in housing starts actually be GOOD for the US economy? The housing bubble and glut of excess inventories seems to be the major problem, or at least the major consumer driven problem. And with less houses constructed, the supply goes down, which is just what we want for a recovery. In my view, the last thing the US needs is growth in the number of new houses, right now.