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by Ashraf Laidi
Posted: Jul 16, 2009 17:32
Comments: 89
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This thread was started in response to the Article:

Gauging the Bounce in Appetite

Forex markets have yet to buy into the rally in US equities.
 
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Carlco
bristol, UK
Posts: 151
15 years ago
Jul 24, 2009 11:07
so is my S&P 1000 forecast 'not so stupid' afterall? ;)
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 24, 2009 11:05
GBPUSD yet again drops back on rallying markets , this has to be bad for pound, im not sure how the markets are figuring this ie more problems for uk economy and less for USA, Obama health reforms meeting resistance too which i gues the dollar is liking and exit plans for QE and ford makes money too! things are starting to look so rosy for the USA all of a sudden, amazing what difference a week makes!
Ho
New York, United States
Posts: 26
15 years ago
Jul 24, 2009 2:19
Ashraf,

Thanks. Understood.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 24, 2009 2:10
Ho, the statement i made to rob was 3 days ago so rather than saying the statement was not true, it's ok to say the statement i made did not materialize. i.e. prediction did not take place. When you say "it wasnt true" it means what i said was a lie. Now, what i said on twitter today and yesterday that GBPJPY had a major resistance of 157. which was BREACHED BUT NOT CLOSED ABOVE IT. we are now at 156.16. WHAT DOES THAT TELL YOU? perhaps the GBPJPY rally was a FAKE OUT and NOT A BREAK OUT. Stay tuned until tomorrow.

Ashraf
Forexwolf
Auckland, New Zealand
Posts: 39
15 years ago
Jul 24, 2009 1:21
Ho, I think everybody was caught off-guard with the sudden JPY sell-off. We got used to the idea that USD & JPY run together, but sometimes (like yesterday) there is divergence.
In this game we can ask guidance from the boffins, but we still have to own our own minds.
The JPY crosses are still all running underneath their daily trendline. Hopefully we saw the top for the next week or two.

Let hope that 95.2 level on USDJPY hold. Maybe Ashraf can guide us on that.
Ho
New York, United States
Posts: 26
15 years ago
Jul 24, 2009 0:50
Ashraf,


The following statemet not true: They all went up a lot today!!

----------

"Rob, falling trend lines in EURJPY, GBPJPY, AUDJPY & NZDJPY ALL HELD UP & ALL pointing to FURTTHER DOWNSIDE. DONT GET TOO CRAZY ON YOUR STOPS and you shall see 152.50 and 151.50 before Friday.

Ashraf "
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 23, 2009 16:26
Interesting chart re: inverse H&S pattern on SPX...

chart.ly/yqpq8n
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 22, 2009 11:28
Wolf, all fo these paris you mentioned should enter a gradually declining phase vs USD. but support in EURUSD still stands at 1.38

Ashraf
Forexwolf
Auckland, New Zealand
Posts: 39
15 years ago
Jul 21, 2009 22:15
Hi Ashraf

Do you think the USD risk rally is coming to an end, moving south in EURUSD, GBPUSD, AUDUSD etc?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 21, 2009 20:21
Rob, falling trend lines in EURJPY, GBPJPY, AUDJPY & NZDJPY ALL HELD UP & ALL pointing to FURTTHER DOWNSIDE. DONT GET TOO CRAZY ON YOUR STOPS and you shall see 152.50 and 151.50 before Friday.

Ashraf
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