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by Ashraf Laidi
Posted: Jan 1, 2011 0:30
Comments: 1846
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This thread was started in response to the :

Ashraf's Book: Currency Trading and Intermarket Analysis

Ashraf's Book: Currency Trading and Intermarket Analysis
 
speculator
Posted Anonymously
15 years ago
Sep 23, 2009 21:25
As I expected the fed is starting to signal end of their money printing program and willigness to keep on inflating the money supply.This is also a signal that we should have some sustained pullback in equities or at wost a cap on this rally and dollar weekness. The oil price got a nasty shock from all this which should imply further dollar strengh in to tomorrow.

i keep my prediction of a dollar bottoming and a reversal upwards as a trend
FXHandler
Norway
Posts: 195
15 years ago
Sep 23, 2009 21:04
...and oil is making a new low since last week....
FXHandler
Norway
Posts: 195
15 years ago
Sep 23, 2009 21:03
Qin,
I read their full report today and watched the meeting live on TV.
If things are going well in markets forward, then they will probably increase it by 0.25% in Oktober. They actually thought about increasing now in September.
But as you now see, oil is getting a big hit. I don't think this is over yet. But their forecast for now is in October.
In Norway things are looking allot better than their forecast, but as I mentioned earlier, many times, Norway must also look after their export, so they are reluctant to have a strong NOK when the rest of the world is still struggling.
We will see, good luck.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 23, 2009 20:53
FXHandler,
I meant that market is betting that FED will keep printing money and keep low interest rate......so USD was going down before the FOMC........

I am waiting for the chance to add more shorts on USD/NOK now........

What do you think about Norges Bank 's report about interest rate today? I think they maybe will raise interest rate in DEC........

Good luck!
FXHandler
Norway
Posts: 195
15 years ago
Sep 23, 2009 19:53
I don't see much smartness at all in this market....
For me it seems like a Long-term-joke
sorry
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 23, 2009 17:26
haha.....it seems like market is getting smarter now.........
Cappy
United States
Posts: 19
15 years ago
Sep 23, 2009 15:37
Hi Ashraft,

Can one see the program you did yesterday . . . ASHRAF WILL BE GUEST HOSTING CNBC's WorldWide somewhere online?

Thanks,

Cappy
chloethebull
Canada
Posted Anonymously
15 years ago
Sep 23, 2009 15:33
ok pl one part of the puzzle has fallen into place with crude having a huge build now we need the fed to throw us a bone..gl long usd
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 23, 2009 14:31
ok, guys.........my positions is making money for me recently, I am not crazy think it will go to 5 tomorrow.....nothing goes straight up or down........I am waiting for it pull back and add more shorts positions......
jamshed
Pakistan
Posts: 57
15 years ago
Sep 23, 2009 12:27
(Lat part of my essay below - please excuse the length of the essay, Ashraf)

What the FED should not like is Oil climbing, to say, above 100$, the trade and macro imbalances to increase and the Chinease to show reluctance in buying Treasuries. What the FED does want to see is GDP growth returning and the unemployment rate receding.

What we learnt last summer is that Oil at 150$ cuased a global crash and so did Euro at 1.60 (for the EU). This time around, I dont think the FEDs will not react to Oil at 100$. They will HAVE to - because they know whats coming after that - that Oil spike will kill the recovery. On the other hand, EU with Euro at 1.60 will, once again, be able to do nothing and witness a follow on recession. The US path to growth is via revaluing the Dollar while the EU does not hold such an option but has to follow a longer and much more painful path conituing a WWW style recovery. All this while BRICs and the Emerging markets are laughing all the way to the Bank.

In a year's time, Gold and Oil should rise to 1300 and 100, S&P and Shanghai should rise to 1300 and 4500, VIX should rise to 40, the 10 year rate should fall to below 3% and the FED funds rate should increase to 1%. There is no math behind this. These numbers are just educated guess work at best.

The sure thing, I think, is Oil going to 100 and Euro to 1.60 causing a new crisis in the next few months.