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804 Posts Total by "speculator":
22 Posts by member
SPECULATOR
(LONDON, United Kingdom)
782 Posts by Anonymous "speculator":
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speculator
Posted Anonymously
15 years ago
Oct 12, 2009 16:48
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
the pound is quite possibly the worst currency based on fundamentals and global needs. On a valuation point of view for cable it is not heavily overpriced but is always exposed to speculative attacks in which we are currently experiencing.
speculator
Posted Anonymously
15 years ago
Oct 12, 2009 14:22
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
i think any gains on cable will be short-lived. As soon as UK stocks stop rising or go down a little, cable will go lower again this week. There is just too much downwards pressure on cable. We should hit 1.565 this week.
speculator
Posted Anonymously
15 years ago
Oct 12, 2009 12:18
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
yes and key support broken on cable!
speculator
Posted Anonymously
15 years ago
Oct 12, 2009 12:17
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
nzvik why a bounce? sterling is not cheap against dollar so i see no sustained significant bounce as such.
speculator
Posted Anonymously
15 years ago
Oct 12, 2009 11:50
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
ashraf, we will reach 1.30 on cable when the dollar starts rallying into 2010. Obviously the pounds recent decline against the dollar is broad sterling weakness rather than dollar strength. I do not see any reason why we cannot reach near 1985 cable over the next couple of years as the Fed will raise rates far earlier than UK and is likely to do less QE than BoE. Jim rogers is right about the death of the pound but his timing was not so good. Soros once mentioned that he is not an accurate timer of markets haha.
speculator
Posted Anonymously
15 years ago
Oct 12, 2009 11:46
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
qin welcome back, the FTSE will rise for at least october due to interest rate expectations from CEBR and a rush of funds into fund managers portfolios. Im less convinced on US stocks. From October we can probably have a decline but certainly not a shock. From november the dollar should rally en route to 90 USD index.
speculator
Posted Anonymously
15 years ago
Oct 12, 2009 2:09
In Thread: EUR Trade Index 18-Year Chart
ashraf i agree, no signs of a shock yet. but we are probably in a multi year stocks bull. do u agree?
speculator
Posted Anonymously
15 years ago
Oct 12, 2009 1:45
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
ok fair enough ashraf,

regarding $i see 1.46 by year end and 1.30 2010 q1 it will certainly retest 2009 lows but will take some time as this time it will be a gradual decline as we are unlikely to get a risk aversion shock any time soon. but u never know!
speculator
Posted Anonymously
15 years ago
Oct 12, 2009 1:20
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
guys, speculators net cable shorts increase 30% week on week! watch out for huge downside by cristmas
speculator
Posted Anonymously
15 years ago
Oct 11, 2009 23:56
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
moe we are currently in a dollar bull market which will last at least 6 months months. risk taking and qe have moved dollar down for now but dollar will regain much strength into 2010 but not against all currencies. the dollar will regain against its greatest losers since 2000.
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