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by Ashraf Laidi
Posted: May 21, 2009 16:22
Comments: 28
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This thread was started in response to the Hot-Chart:

EURJPY Headed Lower

 
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 25, 2009 3:31
adam, it's increasingly becoming apparent that we're heading in a protracted wave of dollar selling into the rest of the year. Things look pretty ugly with US treasuries. Check out the articles i link to at my twitter page http://www.twitter.com/alaidi

Ashraf
adamcpf
Lisbon, Qatar
Posts: 58
15 years ago
May 24, 2009 12:35
Ashraf, do you see this euro strength lasting? I mean the last time I looked the fundamentals here in Europe weren't looking so great. Rising unemployment, falling prices and Sovereign debt downgrades to say the least. Some big numbers out next week,IFO business and GfK consumer numbers as well as CPI and jobless figures should make for an interesting week.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 22, 2009 16:15
Tim, eur was supported by comments from Weber of the ECB (traders MUST WATCH for these headlines on their platforms) saying interest rates in Eurzone are appropriate which could pour cold water on idea of quantitative easing. 132.40 is 61.8% retracement of 137.36-124.45 move. rising equities seem to support euro vs yen.

Ashraf
Tim
North Carolina, United States
Posts: 6
15 years ago
May 22, 2009 16:08
"yen game remains intact in response with equities." Thanks. Ashraf, I got that part... but as I have been posting I just don't understand the EUR strength - at least not enough to 'pour some fire on the gas' and short some more :)
Also re the yen game, couldn't the equities 'delude' themselves higher for another 6 mos
Have a great weekend.
Carlco
bristol, UK
Posts: 151
15 years ago
May 22, 2009 14:57
i liked the crime scene thing too, except the murderers are still on the scene looking for more victims!
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 22, 2009 14:37
Rob, EURJPY boosted by remarks from ECB's Weber saying current rates are appropriate, while rising stocks are weighing on yen. Interim resistance 132.30 (stops seen), followed by 132.70.

Stops for short GBPJPY could be placed at 150.30. yen game remains intact in response with equities.

Ashraf
Rob
New York, United States
Posts: 305
15 years ago
May 22, 2009 14:09
Just read your last IMT - if those levels pan out - EUR/JPY and GBP/JPY will follow higher, yes? Sticking with the hot-chart? By the way, I enjoyed your interview on CNBC, I like the crime scene analogy.
Rob
New York, United States
Posts: 305
15 years ago
May 22, 2009 13:54
How many times can GBP/JPY knock on the 150.00 door before it finally opens? Do you see renewed Yen weakness even if equities fall? Has that game changed as well? I guess you'll be spending the summer writing a new book! Ha
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