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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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Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 12, 2010 16:25
Said. no, i dont think EUR has bottomed?

Ashraf
Ashraf Laidi
UK
Posted Anonymously
14 years ago
Apr 12, 2010 16:24
rim; 2005 USDX due to temporary factors but commodities did rise too.
But 2005 was different as there was a clear economic expansion.


Bojan, tough question about CADCHF as far as fundamentals are concerned. One could say CHF may start to lose ground as SNB is set to take advantage of EUR rebound and intervenes. i would say wait for minor retracement in CADHf before resuming uptrend towards 1.10 in medium term.


Ashraf
said
mulhouse, France
Posts: 2822
14 years ago
Apr 10, 2010 15:22
ashraf
EURO HAS ROCK BOTTOMED!!!??
bojan
Arizona , United States
Posted Anonymously
14 years ago
Apr 9, 2010 23:12
Ashraf,

I played CAD reatreat with CAD/CHF and strong resistance at 1.0700-ish. I was counting on profit taking and oil retreat at these levels, and job report came as icing on a cake. I read IMT and tweets about CAD views, but my indecision comes from no news for CHF until friday. I closed most of my position on this pair, and I got stuck with seeing 50% chance of CAD continuing upward trajectory (housing # expected to show improvement), and 50% chance of CAD losses towards 1.0400.
I guess my question is can we see CHF strength or weakness next week without any news, bull or bear on CAD/CHF next week ?



Thank You


b.
rim
Turkey
Posts: 121
14 years ago
Apr 9, 2010 20:24
Dear Ashraf ,

on Jul 2005 how China revaluation affected DXY ?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 9, 2010 20:01
More CAD losses next week

http://www.ashraflaidi.com/forex-news/

Ashraf
chloethebull
Posted Anonymously
14 years ago
Apr 9, 2010 12:41
could this be a reality chk to the strong cad..i think were just starting to see some possib crack in the effects of strong cad...i think things will get vweaker an weaker as the exports will start to spread to other parts of our economy an hurting the job #..only makes sence if weak usd help us the american recovery then a strong cad has to hurt ours...can;t have it both ways pl..gl today
amg
Oklahoma, United States
Posts: 38
14 years ago
Apr 9, 2010 12:30
talking about yuan's revaluation, here is an article mite be interesting for those trading euro. http://www.reuters.com/article/ousiv/idUSTRE63719W20100408
montmorency
UK
Posted Anonymously
14 years ago
Apr 9, 2010 12:22
EUR/CAD suddenly got interesting. (11:00-12:00 BST).
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 9, 2010 11:18
Callum, basically, if anything, China will do a small revaluation of about 2.0% (as in Jul 2005) which could be interpreted as positive for commodities. But commodity impact depends on whether PBOC will raise rates. so in long run, good for commodities (especially if they allow yuan to appreciate AFTER the 1-off revaluation was case in 2005). But of they reval by 2% and then allow it to rise by no more than 3% for remainder of the year, may not be that great for commodities.

Ashraf
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