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by Ashraf Laidi
Posted: Jan 1, 2011 0:30
Comments: 1842
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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
 
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jun 6, 2009 13:15
edge, to get the gold price in euros, sterling or aussie, you DIVIDE the USD gold price by the EURUSD, GBPUSD and AUDUSD exchange rate. to get the CAD, CHF and JPY price of gold, MULTIPLY the USD gold price by the USDCAD, USDJPY and USDCHF exchange rate.

CHF lost its correlation with gold after the SNB began selling its gold holdings in 1999. That's also in my book.

Ashraf
Passion Trader
Singapore, Singapore
Posts: 52
13 years ago
Jun 6, 2009 13:11
Hi Ashraf,

I have attended the CMC Markets Seminar and I have just bought your book from the bookstore today. Indeed a 5-star book. I believe I will gain a lot of Markets Fundamental from your book.

Keep in touch and hope to see you in Singapore soon.

Regards.

the_edge
Washington, United States
Posts: 2
13 years ago
Jun 5, 2009 23:54
Ashraf,

On page 10 of your book you show charts comparing Gold's performance to the various currencies. What formula did you use to make this comparison?? I would like to incorporate a relative performance of the currencies versus gold into my Trading Software to determine strongest/weakest pairs. It would also be useful to use this comparison for adding to physical bullion positons as the fiat currencies go hyper!

Also is it true that the CHF is somewhat backed by Gold? If so how come the CHF does not skyrocket in relative performance to the USD or other currencies?

Thanks

Edge
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jun 3, 2009 18:00
Pipples, Spec, dollar downtrend still intact but i see 1.61 and 1.6050 in cable but BETTER TRADING OPPORTUNITY is to CONSIDER SHORTING NIKKEI (buying YEN).

Ashraf
Speculator
Posted Anonymously
13 years ago
Jun 3, 2009 16:51
Cable has lots of resistance especially political at the moment. very risky to bet against it now with the dollar. coupled with more than likely large equity corrections its not worth it.
Pipples
Yorkshire, UK
Posts: 34
13 years ago
Jun 3, 2009 16:39
Hi Ashraf. And buy USD v GBP? Still think it's worth seeing what Friday brings or does this $ strength look like it might last to you?
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jun 3, 2009 16:10
thks Simon, today's market is great opportunity for buying JPY and USD vs AUD, NZD and CAD today.

Ashraf
simon
gauteng, South Africa
Posts: 23
13 years ago
Jun 3, 2009 15:50
Just been having a look at your work book today , (the addition to your hardcover book).


Very comphrensive, (take me a while to go through it).

and Good value for money.



Your hardcover book is simply amazing.


I cannot thank you enough


Simon
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jun 2, 2009 23:56
Simon, the yield curve shown shows the actual curve. But one day to measure the steepness of the curve is via the 10-2 year spread, which has reached a major triple top at about 277 bps (see Workbook on yield curve explanation and metals). If the yield curve continues to steepen so much (courtesy of rising long yields), this could endanger any nascent signs of recovery.

Ashraf
simon
gauteng, South Africa
Posts: 23
13 years ago
Jun 2, 2009 23:46
I am buying it right now to take advantage of the special offer.

Hoping this gives me the confidence to use a bit more leverage next time there is a dip.

Some good ideas you have with the gold/oil and the equity/gold ratios.


Hows this little S&P vs yield curve / graphic / daily animation; click animate, (cute hey).
http://stockcharts.com/charts/YieldCurve.html


Simon