Ashraf's Book: Currency Trading and Intermarket Analysis

hi ashraf..i understand it i was just frustrated today ,seams everytime usd rally the us gover comes out with these expectations that get crushed an all these companys are beatn the street an the worlds all better ..comon give me a break its only been 10-12mths.. can things really be better isn;t this suppose to be the worst collapse of the stok markets...didn;t the anylyst lower there expectation so companys could have a chance ...weren;t mass fortunes wiped out..isn;t expensive oil bad for global recovery..u.s still not puttin pl to work yet..so if pl arn;t working then pl arn;t making $$ there forthere not buying stuff..sorry to vent but am im missing something is any1 eles buying into this..ashraf whats your over all take on the world recovery do u beleive in the data that is out there?do you think everything is rosie or did thing come to much to fast ok thanks for your opinion..take care

thanks i really appreciate the explanation...once again the us gover manages to weaken it dollar im was soo close to exiting my position well the rest of it anyway..ok gl to all..hey qin good to see your back all the best

strong US GDP would confirm a recovery in the economy which should provide confidence in corporate US and therefore future profitability and higher stock prices. This may have a positive effect on foreign stocks as they may seem like a better bet. Therefore traders/speculators will sell off the dollar and bet on foreign stock markets and sell the dollar short and by higher yielding and more risking investments. This may not happen every year but seems to happen now. Bad USD GDP may confirm US and possibly world is still struggling and reduce demand for foreign investments and typically capital will flow back to US dollar which is considered to be the place of haven when there is uncertainty. Its all a game really. Whilst it may or may not make sense, traders tend to follow each oher to remain profitable as its very difficult to go against a market unless u are an abosolutely huge speculator or dealing with a highly illiquid investment/currency.

Since the gold market is traded against dollar weakness to some extent, as the dollar weakens so does gold. This is just to maintain the value of gold in foreignt currencies.

can some1 explain to me how a stronger gdp # is bad for usd an good for gold an crude..thanks

LOL I LOVE THIS STUFF...EVEN THOUGH I WAS UNDER WATER ABOUT 10G..1.0200(URRRR)IM NOW UP 4G AN STILL HOLDN MOST OF MY POSITION..HOPFULLY USDCAD CAN REACH 1.0860 OR HIGHER..A SOLID COLLAPSE IN CRUDE TO 70BUKS SHOULD GIVE THE CAD SOME TROUBLE DARE I SAY 65BUK COULD GET BACK TO 1.1050-1.11..IM ABSOLUTLY AMAZED AT HOW QUICKLY IM IN AN OUT OF MY TRADES AN LOCKING IN PROFITS I CAN;T WAIT TO BECOME A GOOD FOREX TRADER, I WOULD LOVE TO HAVE A LOOK @ ASHRAFS TRADES, THE AMOUNT OF $ HE PLAYS WITH WOULD BE CRAZY..I WONDER IF HE TRADES STOCKS OR IS HE STRICKLY FOREX?OK EVERY1 GL AN GO LONG USD.LOL..THANKS ASHRAF