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by Ashraf Laidi
Posted: Nov 27, 2009 16:51
Comments: 404
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This thread was started in response to the Article:

Gold & Yen's Perfect Desert Storm

Yen strength still eclipsing USD rebounds during risk aversion. while gold's ascent is better gauged against currencies other than the US dollar.
 
Deton8tr
Posted Anonymously
15 years ago
Dec 1, 2009 23:44
Ashraf, what's your take on the possible developing USD/CAD double-bottom? Thanks.
Haseena
London, UK
Posts: 16
15 years ago
Dec 1, 2009 23:34
Good Evening Ashraf,

About your call on shorting cable, is this valid for next Europe session too?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Dec 1, 2009 23:01
Rob, Simao

I called cable 1.6630 this morning when it was at 1.6580. i just issued a cable sell on twitter at 1.6625 after failure to break 1.6640. looking for 1.6560. look how oil is coming down. unsure if Asia can sustain the strong Tuesday gains, but cable remains most exposed to Dubai and any retreat in risk. tread carefully

Pollux, daily gbpchf looks to be consolidating but i dont expect much upside beyond 1.67 for now. Next week SNB meeting could prompt CHF selling and further help stabilize the cross.



Ashraf
pollux
France
Posts: 23
15 years ago
Dec 1, 2009 20:11
What do you think of gbp/chf?? Please?
simao
casablanca, Morocco
Posts: 51
15 years ago
Dec 1, 2009 20:02
hello achraf and aid mobarak said alik wa ala oma islamiya. i see GU at 1.6636 , we can sell from this or maybe wait more high. what do you say ashraf? moroccan trader love you :)
Rob
New York, United States
Posts: 305
15 years ago
Dec 1, 2009 19:10
Hi Ashraf,

Do you still expect profit-taking in Asia tonight? These majors have really shot up since the London session. Thoughts on GBP/USD. It's right at that trend line. Looks tempting, but then again... Thanks
Edric Ou
Singapore
Posts: 21
15 years ago
Dec 1, 2009 15:55
Thank you Ashraf :)
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Dec 1, 2009 14:04
Conan, not really.my Friday article did warn that the ONLy way for Japanese to weaken their currency was to do what the Fed does (inject liqudity). Last night's decision may not be enough.


Edric, well ow Jpns are getting tougher on their currency we should see some TEMPORARY yen weakness but technically trend remains up fro yen against all majors. prefer EURJPY and AUDJOY to USDJPY because the latter undergoes more scrutinity and political elements. ye i still see 80 in early Q1 in USDJPY


Ashraf
Edric Ou
Singapore
Posts: 21
15 years ago
Dec 1, 2009 3:38
Hi Ashraf,

I have just finished reading yr book. I must say it is a REALLY informative book, definitely worth re-reading it again. I am quite new to forex trading and have a few questions for you. You have mentioned shorting EURJPY and NZDJPY instead of of USDJPY, wat's the rational behind it? And if BOJ has mentioned that they are considering weakening the yen against USD, isnt it a bad idea to short EUR since it could be strengthening against JPY instead?

Thanks in advance for your enlightenment :)
Conan the Contrarian
Posted Anonymously
15 years ago
Dec 1, 2009 2:28
What is going on here now - is BOJ intervention finally a reality?