Ashraf, I am confused on the last statement in your article " With $1.3280 having been printed less than 2 weeks ago, the obstacles facing renewed declines towards $1.33 are negligible."
are you talking about decline towards 1.30 or 1.33?
Firstly can I thank you for the seminar you held in Dublin mid-sept which I found both hugely insightful and massively worrying as I realised how much i dont know about the financial markets! I'm less than six months into the trading business and I'm just trying to keep my expectations in check, be patient and keep improving.
Secondly, I would like to give my 2 cents on oil/dollar. I am fearful that oil prices will not hold the $80 level for the rest of the year. I still think at a global level economic growth and activity will be weak at best and the rally in oil is less to do with appetite and more to do with traders selling the dollar before they have their morning coffee! I am very possibly wrong but I just want to start forming my own opinions and not being over reliant on backward looking news. I will keep an eye out to see if this is the case weither way.
Ashraf, A recent report says yen is losing its save haven status to the dollar. But I remember you did a study on usd/jpy 5-year cycle last October. What's your take on the yen now?
Hi Ashraf, do you expect the equities to continue its rally? I noticed that gold would move up each time there is a rally in equities market. is there correlation here?
on your comment "Although we may see the biggest monthly rally in EURUSD, there needs to be some retreat towards $1.28-1.30 but no more. " are you saying that there is unlikely to have retracement to 1.28 - 1.30?
Do you foresee USD to strengthen with the rest of central bank cutting rates like ECB?
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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are you talking about decline towards 1.30 or 1.33?
thanks!
Firstly can I thank you for the seminar you held in Dublin mid-sept which I found both hugely insightful and massively worrying as I realised how much i dont know about the financial markets! I'm less than six months into the trading business and I'm just trying to keep my expectations in check, be patient and keep improving.
Secondly, I would like to give my 2 cents on oil/dollar.
I am fearful that oil prices will not hold the $80 level for the rest of the year. I still think at a global level economic growth and activity will be weak at best and the rally in oil is less to do with appetite and more to do with traders selling the dollar before they have their morning coffee! I am very possibly wrong but I just want to start forming my own opinions and not being over reliant on backward looking news. I will keep an eye out to see if this is the case weither way.
Anyway Ashraf, thanks again
dave
What's your mid- to long-term outlook for usd/jpy and usd/chf with respect to risk appetite in 2009?
do you expect the equities to continue its rally?
I noticed that gold would move up each time there is a rally in equities market. is there correlation here?
thanks!
on your comment "Although we may see the biggest monthly rally in EURUSD, there needs to be some retreat towards $1.28-1.30 but no more. "
are you saying that there is unlikely to have retracement to 1.28 - 1.30?
Do you foresee USD to strengthen with the rest of central bank cutting rates like ECB?
thanks! dave!