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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
I must admit EUR looking strong against all smaller currenicies, NOK, etc. It have strenghtned against NOK more than anything else last 3 days.... I don't like it.
but eurobond may resolve the problem, then we dont have drop again...not good...
why not blablabla, rally on rumours, then drop becasue fact come out. (martin wolf/soros said next year, in feb or jan)
china cant bear pigs use them as rumour again again and again, so wenjiabao said the fact.
PAPANDREOU CALL WITH MERKEL, SARKOZY IN GOOD CLIMATE: SPOKESMAN: 72 degrees, zero humidity, balmy, not a cloud in the sky
Of course Greece does not leave Euro. Greeks have long tradition of mental awareness Plato ect. not stupid. Germans very stupid.
Conclusion: the road is paved for eurobonds.
But care must be taken: some french banks are out of dollar funding thats not a rumor.
Thus sl must be adjusted.
The charts we have posted since May in our Premium speak for themselves.
So what i basically is COMBINE Tech & Fund analysis.
Then I take it further and use what you call TECHNICAL INTERMARKET ANALYSIS.
Do not call me fundamental because that is was Bank strategists do.
Thanks
Ashraf
Ashraf is a very well known analyst specialising in intermarket correlations. His book is definitely worth purchasing for experienced traders who want to expand their knowledge, particularly in currencies and gold, silver, teasuries. He is fundamentally a fundamental analyst with great debth of knowledge and incredible memory going back many years.
His tv interviews are a particular feature as he has great skills handling some of the less desirable carnival barkers who ask him silly questions and try to pressure him into predictions.
I don't recommend this reading for novice traders as there are many more priority subjects for them to become well versed in first.
I do recommend this reading for traders who need to focus upon fundamentals to intergrate with their technical trading. This is what is employed in the current system in review here.
Here is the title and I hope Donna will allow me to post this as it is relevant to the thread.
Currency Trading and Intermarket Analysis