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by Ashraf Laidi
Posted: Mar 18, 2009 13:10
Comments: 13
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This thread was started in response to the Hot-Chart:

EURUSD Heading to $1.33

 
 
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Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 18, 2009 14:45
DREXL, Euro has a little more to go 1.33-35 before we need to revaluate its behaviour once markets are likely to come under pressure in early summer. As for NOK, I view it as remaining a powerful currency for the long term-even thought it may lose some ground vs USD at the next phase of market turmoil. Best to hold SOME of your assets in NOK away from USD rather than fully exiting USD. Even consider tri-currency allocation, USD (10%), EUR (30% and NOK (60%)

JUSTIN, Euro pairs are doing well as the market is increasingly viewing the dynamics as USD-driven. You will see in mybook (chapters 1, 3 and 4) where I argued why the role of the EUR as the ANTI-DOLLAR, being best positioned in capitalizing on USD concerns during imrpoved risk appetite.

That is why Ive been cakling for gains in EURUSD, EURGBP and EURCAD.

Ashraf

Justin Lee
HK, Hong Kong
Posts: 16
16 years ago
Mar 18, 2009 14:04
Hi Ashraf,

It seems that right now only EUR keeps surging but other major currencies are only range trading or with a very mild upside only. Somehow it's strange with EUR/AUD and EUR/NZD are doing so well when the equity market is turning to another rally.



drexl
copenhagen, Denmark
Posts: 4
16 years ago
Mar 18, 2009 13:38
Hello Ashraf - Thank you for the invaluable insight, and I look forward to studying the numerous thoughts and ideas that you present within your website.

The latest information regarding EURUSD proved to be quite timely indeed!

For the medium to longer term, however, putting too much stock in EUR worries me immensely - and as such, I am particularly interested in your take on NOK, especially as I am based in Scandinavia.

If I was interested in switching my USD based assets to NOK, would NOW be a good time - or should one wait until a little later in the year?

Any reply would be much appreciated.

Best Regards, and Keep Up the Good Work.
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