Thanks! I understand that 79 is completely unjustified. What al-Badari said was that oil is up ONLY due to weakness of the USD - the fundamentals are completely pointing towards oversupply and a decreased oil price.
If you note, 80 is proving difficult to sustain. Also, many call options have been placed above 80 - if oil breaks 80 comfortably...we'll be running towards 85 (because call options HAVE to be covered). If we go below 75, well be racing down to 70 (because opposite options have to be covered). Very interesting situation.
The housing data has added further complexity to the situation. This week IS, and WILL BE interesting. I;m short...and I'll stay that way!
You may already have read this, but maybe other members can benefit. Interesting that this young lad affects Deutsche's leadership in the forex market!
You may already have read this, but maybe other members can benefit. Interesting that this young lad affects Deutsche's leadership in the forex market!
You know what? You shouldn't stay away (from the Forum) so much. Its NO fun! And it's totally unselfish from me. Not that your able advice and opinion is missed...it's more because not seeing you around is boring.
You come up w/ interesting bits of information...but I've learnt to trust you in the past. Ironically, I've never had direct contact w/ you on this Forum?
Tell me...giving NO consideration to opinions on this Forum...what is YOUR opinion of oil in the coming weeks (based on fundamentals, technicals and common sense)? Let's play long/short... :)
Totally agree w/ you...but don't you believe that oil at 79 & stock markets at 10,000 are paradoxical! I mean, leave aside that high oil price and recession are a self-fulfilling prophecy, how can businesses remain profitable if oil's touching 80. And still the markets are at 10,000?
You've taught me inter-market analysis over the months...but the above seems inconsistent w/ that learning (or else, I've more to learn). Surely, growth and profitability will be impeded if oil were to sustain the current levels.
S/thing HAS to give in - the recession or the oil price! & I firmly (still!) believe it will be the latter...
It's SO funny. Qin says that I've added more position to USD/NOK (long?) and Ashraf says that's my number 1 to sell. *heheh* High drama at ashraflaidi.com!
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
Thanks! I understand that 79 is completely unjustified. What al-Badari said was that oil is up ONLY due to weakness of the USD - the fundamentals are completely pointing towards oversupply and a decreased oil price.
If you note, 80 is proving difficult to sustain. Also, many call options have been placed above 80 - if oil breaks 80 comfortably...we'll be running towards 85 (because call options HAVE to be covered). If we go below 75, well be racing down to 70 (because opposite options have to be covered). Very interesting situation.
The housing data has added further complexity to the situation. This week IS, and WILL BE interesting. I;m short...and I'll stay that way!
Asad
Aaaahhh - you're back! Should've asked for s/thing else. :)
Btw, I came across this interesting piece of Q&A w/ Bilal Hafeez (global head of forex research, DB) on his thoughts about currencies, going forward.
http://www.ft.com/cms/s/0/77cc5346-b8b6-11de-809b-00144feab49a.html
You may already have read this, but maybe other members can benefit. Interesting that this young lad affects Deutsche's leadership in the forex market!
Asad
Aaaahhh - you're back! Should've asked for s/thing else. :)
Btw, I came across this interesting piece of Q&A w/ Bilal Hafeez (global head of forex research, DB) on his thoughts about currencies, going forward.
http://www.ft.com/cms/s/0/77cc5346-b8b6-11de-809b-00144feab49a.html
You may already have read this, but maybe other members can benefit. Interesting that this young lad affects Deutsche's leadership in the forex market!
Asad
You know what? You shouldn't stay away (from the Forum) so much. Its NO fun! And it's totally unselfish from me. Not that your able advice and opinion is missed...it's more because not seeing you around is boring.
Hope you're having a productive time...
Asad
You come up w/ interesting bits of information...but I've learnt to trust you in the past. Ironically, I've never had direct contact w/ you on this Forum?
Tell me...giving NO consideration to opinions on this Forum...what is YOUR opinion of oil in the coming weeks (based on fundamentals, technicals and common sense)? Let's play long/short... :)
Asad
Shorted at the top of the market - 79.92! Let's see...
Asad
Totally agree w/ you...but don't you believe that oil at 79 & stock markets at 10,000 are paradoxical! I mean, leave aside that high oil price and recession are a self-fulfilling prophecy, how can businesses remain profitable if oil's touching 80. And still the markets are at 10,000?
You've taught me inter-market analysis over the months...but the above seems inconsistent w/ that learning (or else, I've more to learn). Surely, growth and profitability will be impeded if oil were to sustain the current levels.
S/thing HAS to give in - the recession or the oil price! & I firmly (still!) believe it will be the latter...
Asad
Asad
It's SO funny. Qin says that I've added more position to USD/NOK (long?) and Ashraf says that's my number 1 to sell. *heheh* High drama at ashraflaidi.com!
Asad