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Posts by "newman"
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NewMan
Minnesota, United States
Posted Anonymously
14 years ago
Nov 9, 2009 0:52
In Thread: FX, Oil Eye Equity Inflection
14raj: Maybe I'm missing something here, but isn't the IMF saying that the dollar is OVERVALUED?http://www.bloomberg.com/apps/news?pid=20601110&sid=a5ritflpCi34 All the best. --NewMan
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NewMan
Minnesota, United States
Posted Anonymously
14 years ago
Nov 8, 2009 20:50
In Thread: FX, Oil Eye Equity Inflection
14raj: I certainly can't answer for Ashraf, but wonder if you've seen this article that gives some indication of his thinking for the coming weeks. Please go to the "Intraday Market Thoughts" tab at the top of this page...and once on that page, click on the top post (Nov.6). In the article, "Ashraf Laidi Regains #1..." you'll see that "In the medium to long term, CMC expects some dollar strength..." Then go into the table below the article, entitled "Current Forecasts." There, in the first column, you'll see Ashraf's forecast (CMC Markets) for Euro/dollar. The Euro is now at 148.47. Ashraf forecasts that in one month (I assume from the beginning of November), it will be 1.46 -- so the dollar going up for roughly the next 3 weeks or more. Then: 3 months out: 1.49; 12 months: 1.56. Hope this helps. Good luck to you!
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NewMan
United States
Posted Anonymously
14 years ago
Nov 7, 2009 1:48
In Thread: FX, Oil Eye Equity Inflection
Ashraf--Just wanted to say THANKS VERY MUCH for sharing your great insights and expertise. Very much appreciated. I just bought your book. Look forward to studying it. All the best -- NewMan.
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