Speculators' Futures FX Positions

Dear Ashraf,

Thank you for the analysis and tweets. Curious here, What is your take on NZDUSD? Are you bullish or bearish on the Kiwi for this or next week?

Sincerely,

Mojo.

Ashraf do you think we are at the start of a rate tightening cycle in most of Europe. Norway raised their overnight deposit rate to 1.5%....could other robust economies follow suit?

Thanks

Hello Ashraf

What is your short term outlook on the USD/CHF?

Kind regards

Ashraf
I would appreciate it if you have the time to explain the thought process behind the masses to short commodities, therefore taking down the Aussie to 83 than jumping back upto 98 by year end? Is this due to profit taking, as all the fundamentals would indicate that some up and down on its way up, but why such drop from the high 87's to 83? and also, why do you believe that gold will reverse at the 1020 mark approx? Do you think we are now seeing this move to 83 with the Aussie?

Also i have noticed that some people write on your forums to have you respond to their negativity. It is like their 15 minutes of fame. I dont think you need to even bother with people like this. Maybe this person should write their own book if they feel they are better at helping others.

Thanks for you help.
I am really enjoying your book. A recommendation from a well respected South African trader!