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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 22, 2011 9:43
I expect eurusd by 1,50 end of Feb.
Has nothing to do with China unwind. China cannot unwind.
Has nothing to do with change of Eurozone expectations. Euro is doomed.
In March we'll see the winner: the USD.
Everyone forgot warnings ( by definitely not- chart astrologists) of currency war.
It is currency war and China and Eurozone are the loosers.
subway90
Posted Anonymously
13 years ago
Jan 22, 2011 6:29
well....

nothing has changed...

Catnip still makes a fool of himself:)

my view still stands..

test of 3650(3700 max) b4 we see retrace down to 3350 then 3200 b4 moving higher toward 1.40 level...

this could be a wakeup call for ashraf...

gl all traders!!
Callum
Singapore, Singapore
Posts: 179
13 years ago
Jan 22, 2011 6:23
Ashraf, are you throwing the towel on the EURUSD? Sorry if I misunderstood below.
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Jan 22, 2011 4:57
So Catnip, you are starting to understand that China unwinding (of USD accumulation) is inevitable at some point. And as I told you, it will happen sooner than later.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 22, 2011 1:58
last time after 2 years recovery, spx500 pullback from 1220 to 1140, around 20 points below previous high.

this time previous high at 1220, so we may see 1180 agian.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 22, 2011 1:51
china commercial bank short of liquidity, everyone knows, every year happen at this period, but this time is more serious.

china crude oil reserve can hold 6-10 months, if crude fall below 75 in next severl months will have no harm to china.

so, if really have a correction, it must stop around 80/1180.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 22, 2011 0:53
i dont think that is the reason.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 21, 2011 22:11
I found the reason of USDx weakness: http://www.shibor.org/shibor/web/ShiborJPG_e.jsp

compare that to LIBOR @ Lehman...
China is illiquid ... cannot buy UST anymore but can spend USD on commodities and such.
Difficult situation I expect stock market crash very soon.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 21, 2011 21:36
Ashraf, hope your workshop all goes very well. I'm sure it will.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jan 21, 2011 21:27
EURUSD has certainly been an invaluale learning experience. Technically speaking, looking back on the signals that could have alerted me about the rally, there is one detail, which is related to the formation of that much talked about MA as well as momentum measures.

will talk abt this more next week

Ashraf
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