Momentum Building Behind Euro

Featuring Ashraf Laidi

Ashraf Laidi, CEO of Intermarket Strategy, is a highly regarded currency strategist and he expertly blends the technical and fundamental rationales to make the case for renewed impetus for the euro against the dollar. Outlining the policy lag between the Fed and the ECB and the protectionist rhetoric coming out of the US, Ashraf also has an interesting counterpoint on the relative moves of the dollar and gold. Filmed on July 18, 2017, in London.

Published on
1 August, 2017
Gold, Europe, Macro
25 minutes
Asset class
Bonds/Rates/Credit, Currencies


  • PJ

    Peter J.

    9 8 2017 16:25

    1       0

    Short term trade fully understand the bet on the EUR v Dollar. Long term trend far from convinced.
    Stated that core Europe was strong / solid and then included Italy and Spain in the core?
    Personally long term (whatever that means) IMO, the EUR is a dead duck OR it loses a number of key participants (Italy / Greece / Spain / Portugal......).
    So as a short term trade I think he has got it right, but the rest of the argument was dubious.

  • T~

    Tshort63 ~.

    9 8 2017 04:45

    0       0

    Thanks for comments, helped me decide to use my time on another episode. :-)

  • DR

    David R.

    1 8 2017 23:32

    14       5

    I think he nails the target and the obamacare problem in the US. (McCain was a bitter old backstabbing traitor to his party and country).

    This move up in EURUSD was widely forecast to start the year by many Elliotwave technical analysts. It's a textbook B wave. A simple reactionary move. Nothing falls straight down. This is a sucker wave, like many before, to draw as many people as possible into the wrong position and inflict as much financial pain as possible on them. EURUSD target is about 1.28 in wave B, after which EURUSD will plunge to a new all-time low in wave C. A=C.

  • PU

    Peter U.

    1 8 2017 21:20

    23       9

    Prefer that we wait a long long time before interviewing this guy again.

  • WS

    William S.

    1 8 2017 20:34

    17       2

    I found myself repeatedly exclaiming, "What? That's simply not true!" And that was during those rare instances when what Ashraf was saying actually rose at least slightly above the level of incoherence. Alas, those instances were few and far between. In the end all I could think of was: "Man! I could have done something useful and productive during that half hour I just wasted."

  • DS

    David S.

    1 8 2017 18:22

    2       2

    It is also possible that populist sentiment declined in Europe because Europeans saw the chaos that populism caused in the US. Populist can get elected, but have a hard time governing. DLS

  • gg

    gurdeep g.

    1 8 2017 16:16

    4       3

    No update on Mahrez situation?! aside from that fantastic stuff from Ashraf. Love to see more from himself

  • SD

    Shyam D.

    1 8 2017 15:59

    4       0

    Thats Ashraf. Very retail.

  • RO

    Rodica O.

    1 8 2017 14:53

    17       0

    I was a lont time subscriber to Mr. Laidi service - average at best..
    Great salesman but a sh...ty trader . Nothing else to add.

  • DT

    Dave T.

    1 8 2017 14:45

    11       4

    I love RE.

    But I must say, for the second time today I was thrown. Please get the cameraman, cameraperson, whatever to use the damned tripod. This is not MTV. You have content, not crap. All the camera jiggling and movement, change of angles, etc. detracts from that.

  • PU

    Peter U.

    1 8 2017 14:01

    17       4

    may just be me, but I didn't get anything useful from this. Felt like I was in a noisy bar and my friend brought his colleague with him and the guy couldn't stop talking . . .