During yesterday's sleepy markets, I highlighted in this tweet the rally in bund futures (rising prices, falling yields) may signal similar price action at the subsequent session, when US bond yields/prices return from Memorial Day Weekend. Today's bond price action did not disappoint, as the homogenous asset class moved in concert, delivering gap ups in prices and falling yields. This was a desperately needed development for yen bulls (particularly USDJPY shorts). Interpret what you wish from the chart below as to which is the dependent and independent variable (USDJPY or yield spread). Who leads whom? Shorting USDJPY has been the "pain trade" for our WhatsApp Broadcast Group, as we await Wednesday's debt ceiling vote and the JOLTs survey. Hanging in there.
In your excellent bookhttp://stk.ly/9eSN6H , you talk about Gold's multicurrency performance. I wonder if you made any research/study in applying it for intraday signals (determining which pair has the most probability to move on a specific day).
Thanks and Regards,
fxmarocain, jarrive a peine a faire tous ce extra travaille en anglais alors cest pas exactement de le faire dans autre langues. Merci
peut -on voir un jour votre site parle enFrancais et en Arabe , pour qu'on puisse suivre votre excelente maniere d'analyser les marchs,
le nation arabe veut bien benficie de votre experience, et vos respecte
Meci Mr ASHRAF , vous avez montrez une trs belle image des ARABS merci infiniment
IF GAP THERE"LL BE IT LL BE DOWN
PLACE UR STOP LOSS
May I ask this question @Ashraf:
You have been VERY clear about EUR/USD and #gold and the strength of USDX.
There is one thing I am not quite so clear on, and please forgive me if I have missed it:
Are you seeing at this point a longer-timescale target for GBP/USD, aka our old friend cable?
I have a feeling that this is a trickier one, as it partly depends on the "battle" between USD and JPY for the risk-aversion crown, which you have described and explained very well. More than once, you have advised us to treat cable with caution I think, although it is certainly possible to make money out of cable, as I have discovered, very often thanks to your calls.
I've looked at the latest IMTs and I'm not seeing any hints about cable, so I hope you will forgive this question. Situation re: EUR/USD and #gold a lot clearer.
Of course, we can expect a "Monday bounce" as usual, unless the market surprises us.
At the end of the day, we are all dependent on the market.
All the best to you Ashraf, and the traders who follow you.
thanks for making all those fantastic calls on EUR, GBP, SPX and Gold. You are the best. Its amazing, how swiftly you analyse and send the twitter messages and its all free!
U are a personification that 'all good things are free'! Could'nt have navigated this treacherous week, without your tweets.
Voted for you on Shorty again. Hope you come out tops!
Most of my realtime insights are on twitter.
With today NFP coming -20K and employment rate dropping.... Do u think it is a good time go long at EUR/JPY, AUD/JPY and GBP/JPY...... Do u think Risk aversion will still be present today.....
Thks all over again for ur continous support.....
How are you? where you see eur/yen and cad/yen please ?