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/
Before I tell you about the AAOI Trade I shared with the WhatsApp Broadcast Group last week (now up 38% in less than 5 days), just a few quick words about the Fed. Wednesday's rate cut coupled with no hawkish surprises from Powell's conference was a launchpad for USD weakness, metals strength and equities' surge (Dow30 hit new record). Markets can look beyond Oracle's disappointing earnings to eat the dish served by the Powell (lower rates, short term liquidity while inflation isn't completely vanquished). Anytime you hear/see/smell rate cuts during an inflationary environment, the above occurs. Altcoins and Bitcoins are slow to rally, but Bitcoin miners afre flexing their muscle. See below the AAOI Trade I shared with the WBG, whereby we entered at $26 on Friday and now its $36. Meanwhile, Reddit is up 68% since we bought it in July.
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Latest Hot-Chart - Nov 24
Updating post 9th
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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Uncertain December
The oscillating changes in market expectations for the December FOMC meeting implies more volatility into the next 4 weeks.
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