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by Ashraf Laidi
Posted: Jul 28, 2009 15:51
Comments: 35
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This thread was started in response to the Article:

Dollar Stabilization & Stock/Gold Ratio

Dollar weakness getting too excessive, while the rising S&P500 / Gold ratio is nearing its peak.
 
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Forexwolf
Auckland, New Zealand
Posts: 39
15 years ago
Jul 29, 2009 11:47
Ashraf, in your opinion, what wil drive EURUSD down to the levels you suggest (1.4060 & 1.3970)?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 29, 2009 10:37
Carlco, yes it could. we already saw deflation in EUROZONE CPI. Look for $1.4060 this week and possibly $1.3970 next week.

Ashraf
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 29, 2009 10:26
ashraf breaking news for german deflation worries and french peugeot losses, could this be a eurusd short trade to test the support levels? 1.40?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 29, 2009 7:33
Peter, lets see if we break below the 55-day MA in crude currently at 65.90 and onto 63.80

Redstone, do you mean to buy AUDUSD? probbaly around 0.81. AUDGBP looks to be heading towards 0.4930s

Ashraf
redstone
UK
Posts: 25
15 years ago
Jul 29, 2009 7:03
Morning Ashraf. What would be a good entry point for AUD USD and AUD/ GPB ?. Many thanks.
Peter
United States
Posted Anonymously
15 years ago
Jul 29, 2009 1:51
Hi Ashraf,

Didn't we had a double top in oil early this morning and yesterday around $69?

Thanks!

Peter.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 28, 2009 23:29
Ho, i'm still expecting EURUSD above $1.57 by year end so gradual scaling up of euro longs around these levels and below makes sense BUT THATS ONLY IF YOU HAVE SUFFICIENT MARGIN FOR WIDE STOPS. Regarding short play, We may test 1.4080 and 1.3980 within next 2 weeks but i see only 10% chance for a break below $1.36.

Ashraf
Ho
New York, United States
Posts: 26
15 years ago
Jul 28, 2009 20:28
shraf,

Just curious, how to trade eur/usd, lomng or short? Advise pls. Tks.
Ho
New York, United States
Posts: 26
15 years ago
Jul 28, 2009 20:21
shraf,

Just curious, how to trade eur/usd, lomng or short? Advise pls. Tks.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 28, 2009 18:17
Rob, we may have another oil bounce towards 70 for double to before a drop back to low 60s. Good to biy USDCAD and sell AUDCAD (especially today). VIX at 23 was a major support. so we should see 1.10 in USDCAD well before second week of Aug.

see you all later.

Ashraf
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