2 days before the ECB meeting, ECB pres Draghi is expected to meet with Bundesbank president Weidmann. Will it be to discuss the possibility of restarting the securities markets programme to buy Spanish and Italian bonds, a program widely opposed by the Germans. Draghi's. While Wednesday's FOMC decision is expected to produce no call for action from the Fed regarding QE3, the ECB may reiterate its readiness to restart the SMP, but no as soon as this week. Spanish and Italian 10 year govt yields are 10-15% off their highs, while G10 equities are only 3-5% below their 2012 highs. For tradable ideas on EURUSD, AUDUSD, GBPUSD, gold and silver, see Monday's Premium Insights here: http://ashraflaidi.com/products/sub01/access/?a=670 Non subscribers can join here:http://ashraflaidi.com/products/sub01/
If it is NOT @alaidi then it is FAKE even if it's the same profile photo. BEWARE of fake accounts on @Twitter ! Rea… https://t.co/uGG6d8Ajv3(11 hr ago)
-CUSTODIA BANK APPLICATION SEEN UNLIKELY TO BE APPROVED
-FIRM HAS BEEN SEEKING ACCESS TO FED PAYMENT SYSTEM
-*FEDER… https://t.co/GtZuLPAXyp(12 hr ago)
Chinese markets come back from #LunarNewYear holiday next week-- all unmasked, ready to bunny-hop over those commodity FX #forex (12 hr ago)
Remember how German media/politicians pushed back against attacks on #wirecard until the scam fell apart? Expect "I… https://t.co/JicLSVgYxD(13 hr ago)
BEWARE of fake accounts on @twitter ! Read the ID carefully. If it is NOT @alaidi then it is FAKE even if it's the… https://t.co/OH1JUYWKw6(13 hr ago)
Here is an example from today's trading, setting up our Whatsapp Broadcast Group members with written, voice and chart notes pre-US data. Once the data were released 8:30 & 10:00 Eastern time (13:30 & 15:00 London), we followed-up by guiding members on gold's likely reaction as well at which point the reversal would start (we missed the timing by 30 mins today). The WBG does not only rely on intramarket technicals to trade FX, metals and indices, but also takes a dive into intraday flows, when conditions are suitable--like today, yesterday and Wednesday (see the 30-mins chart inside the WBG chat).
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Latest Hot-Chart - Jan 11
Dax 200 MA Extension
If the DAX40 maintains its habit of extending 13% above its 200 DMA, then current upside may extend to as high as 15300, just below the 76% retracement of the decline from the Jan 2022 high to...
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