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by Ashraf Laidi
Posted: May 28, 2009 15:40
Comments: 129
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Yield Shoots, Dollar Leaves

Soaring yields give no choice to the Fed but to increase the quantity of bond purchases at the expense of the dollar. Speculative Forex positions agree.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 1, 2009 19:58
Mo, that is fine. Same idea with buying AUDCAD. Good to to keep on realizing profits and scale higher for new buys in AUDUSD.

Ashraf
mo
liverpool, UK
Posts: 123
15 years ago
Jun 1, 2009 19:19
Well done Ashraf , your forecast for the Usd/Cad 1.08 was correct.
I am planning to keep my Long Aud/USD, and short CAD /USD as hedge. Any thought?
taha
Cairo, Egypt
Posts: 50
15 years ago
Jun 1, 2009 19:07
the key resistance for Gbp/Usd .
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 1, 2009 17:28
Rob, I'm more bullish AUD than CAD so if I had to choose id cut off the long CAD


Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Jun 1, 2009 17:18
Great, I appreciate your help with these 2 - going to hold them despite being in the red, currently. Thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 1, 2009 17:09
Rob, Canadian GDP showed bigger than exp decline while AUD is backing off its highs against USD and GBP. I was saying USDCAD target would be 1.08 so not sure how much more we can drop here. Given the extent of bearishness in USD, if we dont get serious pullback in equities soon, we could be looking at 1.03. AUDCAD has a nice spike today, suggesting prolonged gains in AUDUSD. We may pull back towards 0.8050 before finding 0.82 and 08370.


Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Jun 1, 2009 16:12
Hey Ashraf,

Can you give targets for AUD/USD and USD/CAD, please. Seems like they are struggling to hold the dollar down. Is there a strange bit of strength in the Dollar, despite soaring equities?
PivotTrader
Jeddah, Saudi Arabia
Posted Anonymously
15 years ago
Jun 1, 2009 11:53
Hi Ashraf & all
I agree about Dow, the daily chart at the 200 SMA, which should become resistance level
for the current rally

Moahghamdi
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 1, 2009 10:58
taha, weekly Dow chart looks pretty negative as far as stochcastics are concerned. Id say 8,100-00 by end of month. Weekly stochastics show negative divergence.

Ashraf
taha
Cairo, Egypt
Posts: 50
15 years ago
Jun 1, 2009 2:48
Hi Ashraf ,
Could you tell me your expectation for Dow for june , and what is the support and resistance level ? .
P.S. I really aperciate your answers . Thank you vvvvvvveeeeeeeerrrrrrrryyyyyyyyy much .
Taha
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