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Posts by "ashraf laidi"
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Posts by Anonymous "ashraf laidi":
Like I said in the article, GBPUSD downside is inevitable. $1.55 will be seen again. You have to realize that old fashioned fundamentals do not apply in currency reactions to wild policy moves such as today's, which happen every 30-40 years.
Hamish,
in response to your question in the previous article, yes, i expect the dollar decline to be temporary later in the year coinciding with bear market rally in stocks. $1.37 is the max target for the euro during the upcoming equity bounce.
Ashraf
Yes, i expect the dollar decline to be temporary later in the year coinciding with bear market rally in stocks. $1.37 is the max target for the euro during the upcoming equity bounce.
Ashraf
$1.17 is certainly viable, technically speaking. Im leaning towards a bounce near $1.38 before renewed declines towards $1.20, where a base will start to form for the next major rally.
Hamish,
As far as long term solutions are concerned, US savings must rise considerably while the dollar remains strong enough to attract foreign capital but not too strong to erode exports. Maybe the current recession will force savings higher, but it must come with increased savings from Asia.
Ashraf
The head and shoulder USDCAD formation is most prominent on the 4-hour chart. Based on my expectations for a bear market rally in stocks to as high as 1,100 in the S&P into year-end, we could see 1.1100 and a fresh recovery in USDCAD towards the right shoulder of 1.23 into early Q1 2009.
Ashraf
Chapters 5, 6 and 9 of my book explain how to ead yield curves for figuring out currency movements and central bank decisions. Chapter 9 also has some valuable techniques of understanding the special relationships between US yield curves and USDJPY.
Go to the link and click "Surprise me"
http://www.amazon.com/gp/reader/0470226234/ref=sib_dp_ptu#reader-link
Ashraf
I expect TEMPORARY dollar weakness to intensify in second half of November into year-end with upside targets for EURUSD and AUDUSD at $1.37 and AUDUSD at 0.73.
Ashraf
very good chance gold will retest $650 before December. I expect notable gold weakness /dollar strength in November/December, before reversal in January.
Ashraf
Ashraf
Ashraf
Go to www.ft.com/markets and look up Bonds in the data section.
Ashraf