Ashraf tells CNBC that despite the broadening dynamics of a risk-off environment (dismal US jobs report and financing deadlock in Spain), the current rebound in EURUSD, stabilization in gold and pullback in the USD is a reflection of 3 temporary factors. Ashraf speaks about the difference between dissecting "muddling through" solutions and fundamentals-changing policies, extent of EURUSD bounce, latest Aussie GDP figures & why they are lagging, Bank of Canada direction, remaining solutions from the ECB as well as the dynamics of the US economy.
The CURRENT BOUNCE in risk appetite at the expense of USD is here to stay, but for how long? And will it be followed by a 100-pt consolidation until the next barrage of policy solutions? Tonight's Intermarket Insights provide the trading ideas and charts on EURUSD, AUDUSD, GBPUSD, USDCAD, US crude and gold. Click here for direct access to today's edition:http://ashraflaidi.com/products/sub01/access/?a=644 Click here to subscribe: http://ashraflaidi.com/products/sub01/
Is the US already in a recession? Will July's Fed rate hike be the final rate hike of 2022? Will the Fed follow up with one more rate hike in September, and more in Q4 or will it pause in Q4, before resuming in Q1 2023? Which of the below do you think is the most appropriate? Select your choice in the poll below, then iew the results.