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by Ashraf Laidi
Posted: Jan 2, 2009 16:01
Comments: 23
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This thread was started in response to the Article:

Risk Appetite Pushes the Envelope

Equities on their way of breaching above the 20% rebound limit.
 
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hamish
vancouver, Canada
Posted Anonymously
15 years ago
Jan 6, 2009 11:24
How the world turns! Last Friday morning GBP looking for 1.41 by afternoon throw in a little risk appetite now we have 1.47. Monday your analysis re BoE suggesting possible
1.50 which I read could be the GBP bottom for a while. Re today's thought Eur banks easing are we now looking for eur 1.30-1.28?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jan 6, 2009 10:08
Sajida, correction: I meant to say ECB cut next week not this week.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jan 6, 2009 9:52
HOOVER: Weekly chart on EURJPY looks short term bearish and we may drop all the way to 122.00.

FRANK: Aussie is being further boosted by the RBA decision to not hold a January meeting (therefore no rate cut) but Im not too enthusiastic about buying it here unless it crosses above its 100-day MA of 72 cents. If it does, then push up target towards 74 cents then get out.

SAJIDA: Cable has legs to make it towards $1.50 this week, while ECB cut this week may drag down EURGBP towards 89 cents. But I do think parity will happen before end of Q1.
sajida
Connecticut, United States
Posted Anonymously
15 years ago
Jan 6, 2009 3:42
Based on intraday thoughts on GBP, if it can possibly gain upto 1.50 against the dollar and since EUR will also have a rate cut, what will happen to parity of EUR/GBP.?
Frank
Vancouver, Canada
Posted Anonymously
15 years ago
Jan 5, 2009 23:16
Hi Ashraf,

How high can the Aussie $ go on this rally ? Is it time to go short the Aussie $ ?

Frank
Hoover
United States
Posted Anonymously
15 years ago
Jan 5, 2009 21:31
Hello Ashraf,

Could you please post comments regarding short and medium term projections of EUR/ JPY
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jan 5, 2009 9:34
WAQAR, As you can see CHF is being sold across the board as global stocks push higher. it is even being damaged against GBP. 1.12 in USDCHF is seen as next major resistance. stay away from CHF. Better to side with JPY once risk aversion returns.

CATRADER, GBPJPY could rise towards 137 but major resistance stands at 139. BoE rate cut this Thursday may prove GBP positive if it's less than 75 bps.
catrader
United States
Posted Anonymously
15 years ago
Jan 5, 2009 2:15
Any thoughts on the GBP/JPY?
Waqar
Lahore, Pakistan
Posted Anonymously
15 years ago
Jan 4, 2009 23:38
Hi Ashraf,

how do you see the swiss franc performing as we return to risk aversion.Will it be seen as a safe haven play as in the past.
Also great call at the beginning of december regarding the euro.Brilliant.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jan 3, 2009 0:20
Alex,

I'd say 96, but used 97.50 as the Nov 25 high to be on the safe side.

Ashraf
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