"Ok Jason, since there was a query I thought you must be carrying a position.Cheers"
asad rizvi's Page
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Jason commented on asad rizvi's blog post eURo & GbP tO REcOvEr, GoLd tO sUFFeR – mAy 20-24"Thanks sir. Unfortunately I have no positions in gold. But appreciate your post"
"OK, Jason, book your porfit around $ 1376-78.....Cheers"
Jason commented on asad rizvi's blog post eURo & GbP tO REcOvEr, GoLd tO sUFFeR – mAy 20-24"Thanks Sir
for your response.
Wish you well also."
"Hi Jason, hope you are doing good.
Gold after hitting my target bounced back from $ 1338 in a hope that Evan's statement may have some substance. Luckily I advised my clients to lock profit around $ 1344. However, I was not expecting this…"
Jason commented on asad rizvi's blog post eURo & GbP tO REcOvEr, GoLd tO sUFFeR – mAy 20-24"Hi sir.
Nice to hear from you again. It had been a long time. Hope all is weLLC.
Thanks for the great posting.
The gold rebounded strongly. Do you think.we will.still see 1275 this week?
Thanks"
"GOLD @ $ 1389.50 = Do not worry, everyone is forgetting that Evan has one vote out of 12. This could be another opportunity if you have missed the boat. Break of $ 1398 would encourage for a test of $ 1403-08 zones in Asian session. If seen, sell…"
eURo & GbP tO REcOvEr, GoLd tO sUFFeR – mAy 20-24
The confidence in US economic recovery is gathering momentum and report last week by WSJ about FED mapping up a strategy for unwinding QE has substance, as FED Doves are joining the Hawks bandwagon in a hope that chances of unwinding of FED’s asset purchase program is increasing, since US economy looks in a better shape.On an average, consistent growth this year is visible in manufacturing and housing sector. In last six-months over 1.2 million jobs were created. US Consumer is showing their…See More
fX & gOLd - wEeKLYy oUtLoOk = Monday, May 13-17
In the absence of any major economic data, markets remind worried about weak European economy, as minor improvement in German industrial production was not enough to change the mood. Neither China’s surging trade surplus helped the cause.While, US economic indicators have once again started showing signs of recovery by entering the positive territory giving hopes that US economy would pick up from where it left about a month ago and the slowdown was temporary. For the last few years…See More
"GOLD @ $ 1472 = OK, anyone having hit the top in early Asian hours should take profit $ 1470-72............Cheers"
"Bushido likewise
Twitter @asadcmka
"
eURo gAiNs wiLL bE sHoRT LiVeD - mAy 06 – mAy 10
The two big events of last week was monetary policy announcement by FED and ECB and nonfarm payroll numbers, it is all over as market will be focusing on coming. FED did nothing usual, as it mildly twisted the language by adding that it can increase or reduce the pace of purchase to maintain appropriate policy accommodation depending on the outlook for inflation and labor market changes. This is a routine type of statement, everyone knows that in inflationary condition QE amount will either be…See More
eURo CoULD TaKe SeVeRe BaSHinG – mAy 03
Finally, ECB left with no choice and had to slash its rates by 50 basis point. I had already mentioned in my weekly (Monday) outlook note that price stability is the key responsibility of European Central Bank and it does not have too many tools like FED or BOE. Hence, it is difficult to stretch extra mile and offer stimulus package because Euro region rules are extremely tough and to amend rules ECB will require permission from their respective governments.But, Draghi in desperation has…See More
"I just saw my fat finger mistake please read Euro hitting 1.3062 and not 1.3262............Thank you"
"Priyank = I am sure after watching Euro hitting @ 1.3262, you and all readers have better sense about what I was refering in my moring post. Cheers ..........View unchanged"
"I am aware of the market. Support is at 1.3040 and not 1.3140.
You have misunderstood me, I am talking in contex of bigger move refering to ECB policy stance.
Cheers
"
Profile Information
- About Myself
- -Founder & CEO of Currency Market Associates (CMKA) since June 1, 1994. Prior to joining CMKA, I have worked with Chase Manhattan Bank for about 8 years and my last assignment was at Karachi-Pakistan and has worked as Vice President & Country Treasurer. CMKA consists of dedicated professionals, who besides their analytical expertise in Treasury have developed a keen interest in Pakistan’s Inter-Bank Market.
-Regular contributor to Pakistan’s leading newspaper “Business Recorder” , http://www.brecorder.com/ (Please see above and click on WEBSITE) -Past – Tv. Anchor of Business shows on “AAJ TV” — National Budget – Monetary Policy High Profile interviews of Leading Government Officials, Businessman & Economist…. http://news.aaj.tv/
*PAST
Vice President & Country Treasurer Chase Manhattan Bank Public Company; 10,001+ employees; JPM; Financial Services industry
January 1986 – May 1993 (7 years 5 months) Pakistan
-Served as member in decision making committees like ALCO, MRC etc, along with professional contributions towards market associations like FERC and FMAP
-Lead a team of trading & sales professionals developing strategies and marketing products to maximize client business opportunities by working closely with global product & sales groups. Leveraging Global Client relationships to develop business, providing client service to strengthen mutually beneficial strategic relationships
-Advised & implemented prudent balance sheet funding strategies. Implemented analytical tools to help ALCO price & manage risk of bank products.
-Managing Bank’s Investment/ Trading Securities Portfolio, with an objective of managing all risks and ensuring optimal spread/ profitability for the business
-Resource allocation and Client Coverage. Ensured adequate support for marketing of Global Products and volumes for Global Trading/ Sales Platforms.
http://www.linkedin.com/pub/asad-rizvi/3/a68/1
http://asadcmka.wordpress.com/
http://asadcmka.blogspot.com/
- Trading style
- All 4-styles. epending
Asad rizvi's Blog
eURo & GbP tO REcOvEr, GoLd tO sUFFeR – mAy 20-24
Posted on May 19, 2013 at 6:50pm 7 Comments 7 Likes
The confidence in US economic recovery is gathering momentum and report last week by WSJ about FED mapping up a strategy for unwinding QE has substance, as FED Doves are joining the Hawks bandwagon in a hope that chances of unwinding of FED’s asset purchase program is increasing, since US economy looks in a better shape.
On an average, consistent growth this year is visible in manufacturing and housing sector. In last six-months over 1.2 million jobs were created. US Consumer is showing…
fX & gOLd - wEeKLYy oUtLoOk = Monday, May 13-17
Posted on May 12, 2013 at 7:14pm 0 Comments 2 Likes
In the absence of any major economic data, markets remind worried about weak European economy, as minor improvement in German industrial production was not enough to change the mood. Neither China’s surging trade surplus helped the cause.
While, US economic indicators have once again started showing signs of recovery by entering the positive territory giving hopes that US economy would pick up from where it left about a month ago and the slowdown was temporary.
For…
Continue eURo gAiNs wiLL bE sHoRT LiVeD - mAy 06 – mAy 10
Posted on May 5, 2013 at 3:25pm 1 Comment 0 Likes
The two big events of last week was monetary policy announcement by FED and ECB and nonfarm payroll numbers, it is all over as market…
eURo CoULD TaKe SeVeRe BaSHinG – mAy 03
Posted on May 3, 2013 at 8:12am 0 Comments 1 Like
Finally, ECB left with no choice and had to slash its rates by 50 basis point. I had already mentioned in my weekly (Monday) outlook note that price stability is the key responsibility…
ContinueComment Wall (243 comments)
- At 1:13pm on December 23, 2011,
asad rizvi said…
Sure, we are friends.
Cheers
Asad
- At 6:05pm on February 21, 2012,
msrich6335 said… Thank you for your analysis. I appreciate all your time and effort in helping my fellow traders. I'm sure we are all learning from your vast experience and expertise.
- At 6:11pm on February 21, 2012,
Thank you & Good Luck
- At 12:35pm on February 22, 2012, michealword said…
thank u sir everday i wait for your post before i trade and i can testify u a very good once again thank u
- At 2:44am on February 23, 2012,
UmairButt said… sir what about au? and sir what is max for gold? i have heard it will cross $1800 due to oil tension what u say..thanks
- At 2:58am on February 23, 2012,
Nothing on au. I do not speak on the subject that I am not qualified for. The analysis that we often see by specialist on every product is basically based on chart working, because application of chart working is same for every product (Jack of all, Master of none). My strength is my knowledge on subject. I always try to give my nest I accept that I cannot be right all the time. On Gold, wait for my new blog for clues. GL
- At 1:06pm on February 24, 2012, naivetrader1 said…
then Short Euro around 1.3440 if seen: What shd be the Stop Level, plz?
- At 2:00pm on February 24, 2012,
Yes, Euro is a good SELL around 1.3440 especially for those that been following my blog, as they have already booked a profit of 75 pip, as I am looking for a test of 1.3385. For new position takers next key level to watch is 1.3485……More Later
- At 3:21pm on February 25, 2012, Jason said…
Thanks Mr Rizvi.
Apologies for spelling your name wrongly earlier.
Thank you for your response...so I believe that you favour a break of 1.0750 to test above 1.08 ?
- At 4:08pm on February 25, 2012,
No problem.
GL for Next Week
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