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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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chloethebull
Posted Anonymously
14 years ago
Mar 17, 2010 20:41
@callum..i wonder if the fed is being forced to lower there currency to combat the fact china will not step up an apprecite there currency..mayb if ashraf is right an china tightens up then we will start to hear more chatter about greecs true situation..fed might change language...markets correct down?is it really posib uk is producing pos+ data..jim rogers said this morn that with the election coming up we really can;t trust the data as all countries fudge the numbers to get pl into a better mode for voting..gl
Callum
Singapore, Singapore
Posts: 179
14 years ago
Mar 17, 2010 20:32
too low;too long mantra been chanted for a little too long now. my concern is, and in the past few months, there were increased speculation that the rates would start to raise sooner than later... now, I can't figure out if that's changed,, ie, if the market is reading "too long" as "forever" literally.
chloethebull
Posted Anonymously
14 years ago
Mar 17, 2010 19:06
...big ben an commitie could be starting a new mantra,,,rates were held too low for too long ..just heard it 7timnes in 3-4 min..gl all
littlesnow
Finland
Posts: 10
14 years ago
Mar 17, 2010 11:07
Ashraf,
Thanks for the comment. Not a good one but surly not that bad. Not every prediction will work out for big profit. I understand that. keep on your good work!
Ashraf Laidi
UK
Posted Anonymously
14 years ago
Mar 16, 2010 22:58
littlesnow, surely a bad call on AUDNZD. but the ongoing selloff could breach below 1.28 as the technicals are deteriorating.

Farzan, CAD fundamentals are looking better but regarding USDCAD, Im hesitant to call a breach below parity at this point. Canadians could against start to talk down CAD. So Im basically indicating that USD has more upside ahead of it but NOT against CAD and CHF.

Callum, US NFP was better than exp (losses were less than exp) an dhad it not been for the snow, it would have been even better. The discount rate will be raised again (due to its spread with the FedFunds as seen in earlier IMT). And so will china.

Ashraf
Callum
Singapore
Posted Anonymously
14 years ago
Mar 16, 2010 22:04
Westpac's target of 93 in March looking like closer than ever now that AUDUSD breached above 92 handle... Is this break above 92 a big deal?

Just curious whether traders are propping ASX until it reaches 5,000 level?? Kudos to those Westpac guys this month!

I am also curious if there is some fundamental shift here given that this month neither good jobs at NFP, retail nor relatively predictable FOMC mounted a significant rally in the USDX unlike earlier months this year??
Farzan
Oakville, Canada
Posts: 10
14 years ago
Mar 16, 2010 21:27
Hey Ashraf, I am long on USD/CAD at 1.0317 and want to know if I should hold on to it or not? My stop loss is at parity.
littlesnow
Finland
Posts: 10
14 years ago
Mar 16, 2010 21:07
AUD/NZD short has not been a very good set up as calling is under 12900. It has gone up more than 200pips and the holding interest will add nearly another 200pips till now. Maybe good for trading without leverage...
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 16, 2010 19:26
AUDNZD weekly stochastics turning down further. LOWER HIGHS on daily chart calling for 12850

Ashraf
Qiman
United States
Posts: 237
14 years ago
Mar 16, 2010 19:22
One thing for sure, hoping and praying doesn't affect the actual behaviour of the market, it will do what it will do. Caps are nothing but resistance levels, and they may or may not hold, just like support. I didn't lose any money on shorts the last few weeks, but all of us have experienced that at some point I would imagine. Predicting is one thing, trading is another, and it requires careful observation of actual behavior, including quick trend reversals. And never forget the reality of Randomness, it is a bigger factor than most traders would like to believe.
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