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by Ashraf Laidi
Posted: Apr 20, 2009 11:25
Comments: 7
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This thread was started in response to the Hot-Chart:

More CADJPY Losses

 
   
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 21, 2009 7:47
Sam, as risk appetite fell (stocks dropped), CHF, JPY and USD went up. I explained this fully in Chapter of 5 "Risk Appetite in the Markets" of my book. I do NOT expect EURCHF to drop below 1.5 as the Swiss National Bank is likely to intervene again by selling CHF. 50-day MA at 1.5050.

JZ, Watch out for the BoC decision today and the policy report from the BoC on Thursday. I think we'll still go above 1.25 and 1.27 in the next few weeks as stocks fall further. Further declines in oil do help weigh on CAD BUT they're not obligatory for CAD to drop. Stocks have MORE INFLUENCE on CAD than oil.


P.S. CADJPY hit a session low of 78.69, right at the 78.70 target in this HotChart.

Ashraf
JZ
Vancouver, Canada
Posts: 4
15 years ago
Apr 21, 2009 4:33

Ashraf.do you think oil heading toward $45&USD/CAN at.1.2700 in the near term? Your opionion's greatly appreciated.Thank you.
Sam
auckland, New Zealand
Posts: 2
15 years ago
Apr 20, 2009 21:48
Hi Ashraf
Why did Eur/CHF go down to 1.51 instead of 1.53, will it still go up, or down...thanks
Sam
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 20, 2009 19:09
Vankata, thanks, will do.

Cappy, it's down over 120 pips so far.

Houram, let's take it bit by bit (instead of the whole 4 weeks). dont think risk appetite will drop without interuption for next 4 weeks. medium term target stands at 51 before month end. I dont see any rapid declines in stocks until late May to June.

Ashraf
houram
Vancouver, Canada
Posts: 55
15 years ago
Apr 20, 2009 18:08
Hi Ashraf,
Assuming that we will see risk appetite coming under pressure for the next 4 weeks, where would you see NZD/JPY, below 48?
Thanks
Houram
Cappy
United States
Posts: 19
15 years ago
Apr 20, 2009 17:51
Yes, I'm in favored of that too!!

Cappy
vankata
Plovdiv, Bulgaria
Posts: 3
15 years ago
Apr 20, 2009 17:44
When you set up the new course on the intermarket analysis, can you make it online, i really would like to participate in it. I live in Chicago at the moment.
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