heistLAB: Behind Ashraf Laidi’s “Currency Trading & Intermarket Analysis” Book
Friday, July 30th, 2010
Top currency analyst Ashraf Laidi gives us the story behind his book “Currency Trading & Intermarket Analysis.” Also, in the course of explaining how the book came about, Ashraf discloses some key ways of thinking about the currency markets, equities, commodities, and interest rates. Ashraf explains his education and focus on central banks, wanting to write an advanced currency trading book with intermarket analysis, and his experiences of market conditions from 2002 through 2007 that led to this book. Recorded earlier this year on January 26th, 2010, this interview follows from Traders Unscripted: Ashraf Laidi, part of the Meet the Masters Series we filmed for the 3Gurus Global Trading Webinar.
Part 2: HeistLab Ashraf Laidi talks about the experiences that helped him write his book Currency Trading & Intermarket Analysis: How to Profit from Shifting Currents in Global Markets
Follow Ashraf on twitter: http://twitter.com/alaidi
Read Ashraf on: http://AshrafLaidi.com
Follow us on twitter: http://twitter.com/marketHEIST
Follow host Jeffrey Lin: http://twitter.com/JeffreyLin
About Ashraf Laidi Ashraf Laidi is Chief Market Strategist of CMC Markets, author of Currency Trading & Intermarket Analysis and founder of AshrafLaidi.com. At CMC Markets, Laidi oversees the analysis and strategy functions of key currency pairs as well as decisions and trends of the major global central banks. He is also responsible for educating and informing clients on the essential dynamics underpinning FX, commodity and credit markets. Prior to joining CMC Markets, Mr. Laidi was an analyst at a United Nations-specialized agency, monitoring global fixed income and equity portfolios. He also served as chief FX strategist at MG Financial Group where he pioneered online FX analysis for retail investors via the creation of the first 24-hour currency portal. His other experience included emerging market fixed income at Reuters and assessing sovereign and project investment risk consulting with the World Bank. Mr. Laidi provides expert commentary on CNBC, Bloomberg TV, and his insights can be found regularly on the Financial Times and the Wall Street Journal.
Duration : 0:6:54
June 6 (Bloomberg) — Daniel Tenengauzer, head of emerging-market currency and rates strategy at Bank of America Merrill Lynch, talks about the outlook of the currency market.
June 28 (Bloomberg) — Robert Rennie, head of currency research at Westpac Banking Corp., talks with Bloomberg’s Linzie Janis from Sydney about the outlook for China’s economy.
Analysis and discussion with Steven Englander of Barclays Capital on his take of the growing popularity of online currency trading. (Bloomberg News)
Read our blog “Rethinking Economics” http://bit.ly/bI4I9x
Financial turmoil hit the European continent again as a result of Hungary saying they may be at risk of defaulting on its sovereign debt. That sent investors to safe haven assets like the Dollar, Yen and Swiss Franc. A weaker-than-expected non-farm payroll report exacerbated by the flight to safety as it cast doubt on the US recovery’s momentum. 
The Euro fell to a fresh 4-year low on overnight risk aversion but then had a strong counter-rally to wipe away earlier losses in early NY trading on the back of a strong US manufacturing report. The RBA held rates steady at 4.5% while the BOC upped theirs to 0.5%. The Pound surged above the 1.46 area.
May 28 (Bloomberg) — Moorad Choudhry, a professor at London Metropolitan University, and Stephen Gallo, head of market analysis at Schneider Foreign Exchange, talk with Bloomberg’s Andrea Catherwood about the prospects for the euro and the dollar as reserve currencies.
May 28 (Bloomberg) — Moorad Choudhry, a professor at London Metropolitan University, and Stephen Gallo, head of market analysis at Schneider Foreign Exchange, talk with Bloomberg’s Andrea Catherwood about the prospects for the euro and the dollar as reserve currencies.
The EUR/USD tested important resistance at the end of today’s session as it remains on the backfoot on debt and growth concerns. The Pound fell to a new low for this week on similar concerns as well.