March 25, 2010 18:12 ET: GE-US 10 YIELD SPREAD at 3-YR LOW. Compare these TWO CHARTS:
On February 11, we bolstered our case for $1.32 EURUSD based on this chart http://chart.ly/eqbf3x highlighting our negative outlook for the German-US 10 yield differential, which stood at -0.50%, while EURUSD was at $1.38 at the time. Today, the GE-US spread has worsened to -0.73% http://chart.ly/ faea8w and EURUSD dropped to $1.3270. Readers of this website were constantly reminded of our negative outlook for the German yield disadvantage being instrumental in guiding EURUSD towards $1.30 and $1.28. Looking ahead, we expect the spread to reach to -0.90s and help break EURUSD below $1.30.
Yep !! I have to admit that the guy nailed it again
He messed up on some other stuff but his "predictions" about E/U are like anything from 95 to 99% correct.
I'm a 90% technical 10% fundamental trader so I still can't tell if he has being lucky in his analysis or if he really can sustain his predictions over time.
A lot of things about his life and his expertise dont match but again I have to say that the guy was spot on
On February 11, we bolstered our case for $1.32 EURUSD based on this chart http://chart.ly/eqbf3x highlighting our negative outlook for the German-US 10 yield differential, which stood at -0.50%, while EURUSD was at $1.38 at the time. Today, the GE-US spread has worsened to -0.73% http://chart.ly/ faea8w and EURUSD dropped to $1.3270. Readers of this website were constantly reminded of our negative outlook for the German yield disadvantage being instrumental in guiding EURUSD towards $1.30 and $1.28. Looking ahead, we expect the spread to reach to -0.90s and help break EURUSD below $1.30.
Yep !! I have to admit that the guy nailed it again
He messed up on some other stuff but his "predictions" about E/U are like anything from 95 to 99% correct.
I'm a 90% technical 10% fundamental trader so I still can't tell if he has being lucky in his analysis or if he really can sustain his predictions over time.
A lot of things about his life and his expertise dont match but again I have to say that the guy was spot on