Posts by "putko mafani"

Ashraf: "At the end of the day, $EURUSD failed the bullish test"
LOL Ashraf is getting bold again. How many times does Ashraf need to be proved wrong to confess his wrong call?
It is normal for the EURUSD to pull back a little bit after last week's strong gains. But to call this failure after you have been wrong for the last 1 month is very stupid.

As many other people pointed here:
Ashraf is very stubborn and hardly admits his mistakes. I guess when EURUSD is 1.3900 he will change his stance to bullish with target 1.4200 :)

Ashraf is wrong again on EUR/USD. I guess no one is surprised.

I am now convinced Catnip is delirious.

0603 GMT [Dow Jones] A surging AUD/USD could be in for a rough start to 2011 as a set of January bond auctions on the other side of the world loom. With another jump in the past week, the AUD/USD is one of the strongest crosses for the year, hitting 1.0197 Thursday, its highest level since being floated in 1983. And though an ongoing mining boom, robust labor market and central bank still in tightening mode make a sell-off unlikely, some US$106 billion of euro-zone debt auctions could hit the cross hard. "There are a lot of bond auctions skedded for January, and those are milestones that loom incredibly large in Australia," says Gareth Berry, director of foreign exchange strategy for UBS in Singapore. "Those will highlight serious euro-zone issues and an uptick in risk aversion." Berry targets the pair at 0.9300 by the end of 1Q, while other forecasts range from 0.90-1.02.