USD

i played usdcad shorts an was rewarded nicely...now the question is does oil dip on mon or continue to climb im thinkn pull back..at which point i will short usdcad an start adding in long oil...i did play cos.un but for the move in oil it was a total slugg:)..gl an have a great weekend all

MR.Ashraf the way u mention in your IMT i did and with this blessing month and your advise i make all of my trades hit.
May ALLAH BLESS UPON U.
SHUKRAN
YASIR KIDWAI

Hi Ashraf,

In your IMT today, you mentioned that a weak GDP figure below 1% or whatever would weaken the USD?
I was thinking if the GDP was weak, then safe have comes to play and the USD would strengthen. Please clarify. Thanks

ashraf called for usdjpy to near 80.00 a few months ago and several said no chance.... well well well who would be on the money again???

Adjustment. If bancor were to circulate as a common currency, then current account imbalances among the adopting economies would reflect structural rather than monetary considerations. Instead, if bancor were to circulate as a parallel currency but in a dominant role in place of the U.S. dollar, then as in the SDR-based system described above, current account imbalances that reflect today’s situation—namely, surplus countries pegging to bancor (the dominant currency in place of the U.S. dollar) with deficit countries floating against it—would adjust more symmetrically, and perhaps more automatically, than the current or SDR-based systems since the deficit currencies would be expected to depreciate against bancor.