New subscriber here. Many thanks for this site and the great free material and insights you offer. I have just ordered the book and look forward to reading it in due course. Have registered for the webinar.
Jack,
I like your MS versus Open Source analogy, although I know nothing about Chris. As an old time IT techie, I certainly support "Open Source", and Ashraf seems to be one of the most open sources around (and must be one of the busiest!). Also seems to be one of the most accurate as far as I can judge.
If you haven't already, then show Ashraf your support and that you appreciate his continuing efforts on this site by registering for his upcoming webinar. I have just register for it myself.
Heard from traders I respect good things about Chris Lori for a while now; however, he is more like Microsoft and Ashraf is more like Open Source. I fully support open source via donation and volunteer efforts. On other hand, don't care much for MS. Ashraf shares good info and analysis publicly while Chris maintain his to private (paid) few. Few times that I see Chris's public postings were like stale bagels. OK for starving man (newbies) but not much for active traders.
So do this to truly let Ashraf know you support him and what he does here and on his tweets. And if the webinar proves a success, then perhaps Ashraf will consider providing us with selections of other speakers he could be pair up with in the future.
dollar bears watch out for dollar strength. recent global support for a strong dollar, concerns around euro strength in euroland and potential october risk aversion may send dollar quite a bit higher over the coming weeks.
xtrader, OK, here's a more detailed reply to your question so others can benefit). Basically, as bond traders assess inflationary pressures in the future, they push up yields by selling bonds because the value of fixed income (coupon) securities declines as interest rates in the economy push higher. Its fixed income mathsprices trade at a discount when their coupon is less than prevailing yields in the market. And that is why bond yields usually rise during better than exp figures and as today, they fell (prices rose) when ISM was disappointing.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(2 years ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(2 years ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(2 years ago)
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)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (2 years ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (2 years ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(2 years ago)
Ashraf
montmorency, thanks and welcome. Chris Lori's psychology and technicals have a lot of following. But hell focus on pscyh tomorrow.
Ashraf
New subscriber here. Many thanks for this site and the great free material and insights you offer.
I have just ordered the book and look forward to reading it in due course. Have registered for the webinar.
Jack,
I like your MS versus Open Source analogy, although I know nothing about Chris.
As an old time IT techie, I certainly support "Open Source", and Ashraf seems to be one of the most open sources around (and must be one of the busiest!). Also seems to be one of the most accurate as far as I can judge.
Thanks again,
Regards,
M.
Ashraf
If you haven't already, then show Ashraf your support and that you appreciate his continuing efforts on this site by registering for his upcoming webinar. I have just register for it myself.
Heard from traders I respect good things about Chris Lori for a while now; however, he is more like Microsoft and Ashraf is more like Open Source. I fully support open source via donation and volunteer efforts. On other hand, don't care much for MS. Ashraf shares good info and analysis publicly while Chris maintain his to private (paid) few. Few times that I see Chris's public postings were like stale bagels. OK for starving man (newbies) but not much for active traders.
So do this to truly let Ashraf know you support him and what he does here and on his tweets. And if the webinar proves a success, then perhaps Ashraf will consider providing us with selections of other speakers he could be pair up with in the future.
-Jack Dee
Ashraf