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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
This pair is right out of my normal comfort zone, but I'm in (late, but in).
(12 pip spread on my platform).
Ashraf
MOST OF THE TIME MARKET ARE CORRELATED MEANING FOR INSTANCE DOLAR DOWN GOLD UP BUT SOMETIMES ON SOME PERIOD MARKET DONT REACT MECANICALLY AND TEND TO REACT PSYCHOLOGICALLY
MY OPINION IS THAT IN AN DOWN PRESSURE FOR US INDICES THERE R ARBITRAGE BETWEEN GOLD TREASURY AND OIL . FOR ME THE LOSER IN THIS ARBITRAGE IS OIL
I GAVE MY OBJECTIF OF 3.20 YIELDS IN US10 YEARS AND GOLD AT 1175. REMAKE OF THE THEORY OF ARBITRAGE BY INVESTING IN A RISK FREE ENVIRONMENT AND PROCEED INVESTING; THATS THE PLAY OF SOME CERTAIN CENTRAL BANKS THAT BUYS MORE MORE GOLD. FOR INSTANCE MIDDLE EASTERN CENTRAL BANKS.
ASHRAF AND EVERONE UR OPINION IS WELCOME.
Yes, thanks. I looked at it yesterday when I entered, but forgot it mentioned the possible levels. Thanks
Has anyone shorted the Aud/NZD. I am looking to take profit around 1.2730. What are your thoughts people, where do you think this might go.
Ashraf do you think this pair can go lower and to what level - thanks in advance