Gun, Fari Hamzei's Master Traders; John Person's Pivot/Candelsticks; Elder's Trading for Living Soros' Alchemy of Finance Reminiscieces of Stock Speculator
Hi Ashraf - Do you have a reading list of Trading books that every market speculator should read ( apart from you v insightful book, which I obtained through amazon)
Dear Ashraf, since Friday (July 17th) there is a lot of talk about EUR/USD going to 1.47 and then reaching 1.65 again. Do you agree? If not, what's your porjection for the pair short term?
apologies in advance to ask this in this thread. In hindsight, do you think that letting the financial system default and reset itself, with governments guaranteeing depositors and supplying bridging loans to business where needed, would have been preferential to the walking dead banks and gov. debt levels we see now ?
spec, stocks to stagnate (recovries remain partial follwoed by renewed declines) but dollar may not necessarily strengthen as strongly as in H2 of last year thus we should not rely on this USD-stocks relationship 100% i.e. falling stocks to give us stable dollar rather than great rally in dollar. but any stabilization in equities (one cnanot expect uninterrupted selling in stocks) is USD-negative.
hyperinflation can only become about if governments print money like theres no tomorrow on a prolonged basis and debase the currency as a result. the world needed some extra dollars to be created so it has some now.
there has been a huge amount of wealth lost in real estate, stocks and other means and the amount lost could increase. therefore the increase in money supply at current levels would not pose an issue of hyperinflation. the banks are not all that well capitalised with all the money pumped and the circulation of cash is limited due to very weak lending.
hyperinflation is highly unlikely and governments are not printing money to erode their debts but to provide necessary liquidity which is working.
the stimulus packages are not as big as they sound.
speculator, if the US does indeed recover faster, inflation will become a threat and monetary tightening will strengthen the dollar no doubt. however, the fear of hyperinflation is surely there due to the massive spending governments have been doing. how do you see this situation playing out for the dollar? TIA
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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 (2 years ago)
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Fari Hamzei's Master Traders;
John Person's Pivot/Candelsticks;
Elder's Trading for Living
Soros' Alchemy of Finance
Reminiscieces of Stock Speculator
these are just some
Ashraf
Thanks
Gunjack
rational, i dont see EURUSD 1.58 until late Q4. i see eurusd testing 1.3850s before month end.
Ashraf
In hindsight, do you think that letting the financial system default and reset itself, with governments guaranteeing depositors and supplying bridging loans to business where needed, would have been preferential to the walking dead banks and gov. debt levels we see now ?
there will be a stable dollar rally this year as you say.
i do expect USDx to hit the 100 mark over the next couple for years.
whilst this may be too long of a period for traders, i can see it heading that way for the reasons mentioned.
note: us treasuries are highly supported recently pushing down yields and supporting dollar.
Ashraf
there has been a huge amount of wealth lost in real estate, stocks and other means and the amount lost could increase. therefore the increase in money supply at current levels would not pose an issue of hyperinflation. the banks are not all that well capitalised with all the money pumped and the circulation of cash is limited due to very weak lending.
hyperinflation is highly unlikely and governments are not printing money to erode their debts but to provide necessary liquidity which is working.
the stimulus packages are not as big as they sound.