Ashraf Laidi on CNBC Arabia (Greece, Spain & Techs), May 10, 2012

May 10, 2012 16:40

The balance between austerity and growth appears to be tipping into the side of growth reforms, prompting Eurozone sovereign yields to remain supported at the expense of the euro. Meanwhile, markets (euro bulls) are hoping that former Deputy Prime Minister/Finance Minister Venizelos will succeed in forming a new coalition (Democratic Left, Pasok and New Democracy) next Sunday, while excluding the anti-austerity Syriza party. As vocal as the anti-austerity backlash erupts in the Greek street, it lacks the required momentum to pass a complete rejection of austerity policies in Parliament. Meanwhile, EURUSD shows a familiar bottoming pattern, covered in our latest Intermarket Insightshttp://ashraflaidi.com/products/sub01/

Latest IMT - Jan 22

Trump's Golden Hit

Here is 90-second video on gold's movements during Trump's speech in Davos. The apparent deal struck with Europe over Greenland has helped stocks and weighed down on metals. Gold fell more than $100 after reaching the $4890 target first mentioned 4 weeks ago. I still own my nulcear and rare earths stocks, such as CCJ, OKLO, TMC and UAMY as well as the semiconductor derivative plays, but also diversified to non tech such as AIR, APG, BBIO and others. After having united Europeans over Greenland resulting from his threatsm, Trump is now shifting towards gradually dividing Europe by prompting nations to compete for positioning over rare earths. China will also likely revert to its aggressive policy and rare earths will likely benefitl. The Maths Reminder on XAUUSD is in this video.

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Latest Hot-Chart - Jan 22

EURGBP Channel Test EURGBP is on the cusp of a channel breakout. One of the least well known secrets is how this pair correlates with major equity indices. View Hot-Chart..

Intermarket Analytics

21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities Chart

21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities Interactive charting by instrument, chronological and alphabetical order. This enables organizing each individual commodity, currency or equity index' performance by magnitude or chronological order. View..