SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (9839)7/26/2004 10:29:31 AM
From: Knighty Tin  Respond to of 116555
 
Haim, You are correct, and this could be a strong week for the dollar. If anyone is convinced that Kerry can win, the dollar will rally. And I think Obama can be a great convincer. He has Republicans so scared in Illinois that they may have to call Chuck Percy out of the retirement center for another run, ala Mondale in Minnesota. <G>



To: Haim R. Branisteanu who wrote (9839)7/26/2004 12:50:23 PM
From: zonder  Respond to of 116555
 
Haim - Out of all the clueless clowns on SI, you are perhaps one of the most dangerous, for surprisingly, you don't sound like a clown. I sincerely hope nobody is basing their investments on your posts full of half-truth, flat out misunderstandings, and laughable conclusions.

Unsurprisingly, you are wrong again in saying this:

Deutsche Bank now predicts GBP to USD of 1.72 by September.

No It Does Not.

DB expects GBP/USD rate of 1.87 in 3Q04 and 1.94 in 4Q04. This is written very clearly on page 20 of their most recent FX Strategy Weekly (out 23 July).

What you are looking at, is NOT their GBP/USD forecast, BUT something called Pattern Recognition Forecast Model they print in the daily technical analysis piece. It is very clearly explained as NOT TO BE DB's OFFICIAL ANALYSIS. This is what they say:
----------------------------------------------
GBP/USD
Goodness-of-fit* = 83%
(best results above 90%)

* Closest representation of the last six months
of activity in the historical database. The price
forecast is the actual historical outcome
adjusted for volatility.

The objective of this model is to explore the
possible future developments by basing a
forecast on past movements in a purely
mechanical way. The outcomes are therefore
unrelated to the analysis otherwise contained
in this document
.
--------------------------------------------

I have both documents and can gladly forward them to anyone who cares to give an e-mail address.