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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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Dodger
London, UK
Posts: 139
13 years ago
Jan 22, 2011 13:51
Jesse, the London stock exchange is loaded with mining and oil stocks that have no operations in uk but have a high correlation to commodities and growth/risk in the world ecconomy,eg.Antofagasta (a chilean copper miner).Pound benefits from flows of hot money into london registered international securities and suffers when the hot money is pulled out when risk is off.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jan 22, 2011 0:53
Jesse, GBP has always developed strong positive correlation w/ equities especially during positive UK data. This week has been remarkable becasue GBP has been primarily driven by that aggressive UK CPI. And yesm 200+300 pips is part of the norm in GBPCHF. It is back at 1.5330s and that is only the beginning.


Ashraf
Jesse
Seoul, Korea Sout
Posts: 2
13 years ago
Jan 21, 2011 7:23
Ashraf, or anyone here, let me please ask you a back-to-basic question: Why is GBP one of the most positively correlated G10 currency with risk-appetite in the first place?

I can see why EUR, AUD, NZD is, but can't get a clue why GBP is. Maybe because is's also an anti-USD currency along with EUR?

I am long GBPJPY in the LONG term looking to an upside in global economy, risk appetite, and appreciation of GBP eventually. But the above question just occurred to me so...
Ignore
United States
Posted Anonymously
13 years ago
Jan 20, 2011 20:45
Lawrence..those are high numbers dawg..maybe you aint cyphering right up there
subway90
Posted Anonymously
13 years ago
Jan 20, 2011 14:21
hey BMC(bigmouthcat)....

so when are we gonna see your parity for Eur/Usd you've been calling since last year?

really confused... you seem to be at the borderline of ignorance and stupity... :)

hope to hear your reply BMC....
subway90
Posted Anonymously
13 years ago
Jan 20, 2011 14:16
big mouth CAT just can't stop his BS!

very true that empty cans do create a lot of noise....
Lawrence
Tennessee , United States
Posted Anonymously
13 years ago
Jan 20, 2011 12:22
If you don't like ashraflaidi.com, spend your time at somebodyelse.com. This is a FREE site and 99% of us are extremely grateful for the insights here.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 20, 2011 7:34
I am not against Ashraf no way... but it is silly to believe that the traders who really make the fx market go for technical analysis..its very silly. GS' market model software sometimes referred to as sniper is more of a secret then USA's lates most advanced weaponry...
in the long run fx market is all fundamental there is no sentiment only calculus.
fxkid
as, Syria
Posted Anonymously
13 years ago
Jan 20, 2011 7:26
well said cat .. see the move in gbpchf and eurgbp .. the more intresting stuff is expect a reply from him saying another 300 - 400 pip moves are normal ROFL
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 20, 2011 7:18
chart astrology is in no way different from tealeaf reading . Basically the chartist does a horoscope. In everyday life it is called superstition for pip hunters it is revelation.
GS pays the world's best paid mathematicians way over a million bucks a year for technical analysis...ROFL! The tealeaf readers will always lose,.
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