The continued strengthening of the US dollar despite worsening US jobs and manufacturing activity, and broadening evidence of a sluggish China results from market realization that the Fed's shortened and sterilized QE (Operation Twist) deployed until year-end will be inadequate in addressing the unavoidable deterioration in global activity. As long as the presence of Operation Twist prevents any new QE program, equities rebounds should remain contained, commodities to probe further downside (led by oil until grains turnaround) -- all alongside a rising USD. Throughout, gold and silver compete for which is the preferred dead-cat bounce.
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You thought that quiz i posted last Friday in Cordoba had nothing to do with the markets. Think again. 3 of the 4 numbers are related to oil, rather to to a certain date to be more precise. Out of the several trades I shared with the WhatsApp Group, the one that remains valid right now (if you receive this late) is Short USDJPY --and we're going to 157.70s. Watch the brief video til the end to understand the meaning and possible implications of the numbers for today's actions/events. Watch here.
US crude oil Update
سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group...
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Understanding US Dollar 2018 2019
I created this chart in December 2024, pointing to the importance of understanding some of the fundamental events shaping USD Index between 2018 and 2019. Why 2018 and 2019.
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