Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Dec 2, 2009 21:33
Comments: 475
View Hot-Chart
This thread was started in response to the Hot-Chart:

Aussie Dressed up but where to Go?

 
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 11, 2010 3:00
This is Hilarious!

Westpac out calling for .8950 aussie.

Yesterday they were calling for .8500.

I love these guys. They are weathermen telling us which way the wind is blowing NOW, not ahead of time like Ashraf.
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 11, 2010 2:45
Funny how every other "risk" pairs have barely moved on the cooked Aussie numbers. Gee, wonder why...

If things were as good as the Aussie's want you to believe, usd/jpy would be screaming higher. Yet it trades at session lows.
Edric Ou
Singapore
Posts: 21
15 years ago
Feb 11, 2010 1:53
Good day Ashraf & everyone,

After the explosive unemployment report, whre do you see AUDUSD goin? Technically, hrly AUDUSD seems to breakout of down channel, next resistance at 0.8900?

Thanks!
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Feb 10, 2010 7:38
the euro is becoming very very news driven - greece, portugal spain - the current mini rally is normal from a technical point of view as part of the larger move down, however any rumour / news about the weaker countries in the EU can throw all trade planning to out of whack. trading with short targets maybe wise at this stage - till things become clear about greece and the million other entities in the EU.
GBP looks cleaner and easier to trade at this stage
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 10, 2010 3:56
@Chloe: You aren't the only one with questions. It's a complicated financial world out there, and it can change so quickly. Like with this temporary EUR rally, apparently because of the recent political moves in Europe to rescue the weaker members. However, I see in that FT article that Ashraf pointed to:

"Weve had to face up to the fact that what is now a Greek problem could turn into a European one, the official said.

Were thinking about what we should do if the crisis spills from Greece into other euro countries. So its more about finding firewalls, containing the problem, than principally about helping the Greeks. He added there were no concrete plans as yet. " [A German government official, Germany being the dominant country in the Eurozone].

So it rather looks to me as though the market has overreacted a little, although as Ashraf says somewhere else, they will have to come up with something concrete at some point. Whether it will be enough to stop the Euro falling further again ....

chloethebull
halifax, Canada
Posts: 1183
15 years ago
Feb 9, 2010 23:36
thanks ashraf,that explains soo much to me,an i appreciate your paitents with some of our questions. its probaly only the begginers who ask repeat question an i feel there asked outta fear due to the volitility of the markets..and lack of being able to process soo much complex data..again thank you so much..and have a great day-night
EvanRowe
Florida, United States
Posts: 25
15 years ago
Feb 9, 2010 23:23
Ashraf, I have been banging that drum for awhile. From the bottom of the economy up, there is a shrinking of profitable spaces for private investment, for many many reasons. But as you note, it doesn't matter if central banks throw money to the banks if they cannot invest it. That is my deflation case (in my academic classroom I should note.. ;). That being said, you've stated you do not see gold heading below $950. Why do you think gold will be able to remain bid up if private lending doesn't seep out into the broader economy?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Feb 9, 2010 22:35
chloe, that kind of argument may work in a coffee shop or a classroom, but there will be no inflation as long what the BANK GET from authorities do NOT lend out. so as ive said many times, no matter how much liquidity you pump and QE you inject, when thers nobody to lend it to (or no one to borrow it) there will be no inflation. read my my analayis in latest hothcart.

Ashraf
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 9, 2010 22:31
P A I N
alperm
istanbul, Turkey
Posts: 2
15 years ago
Feb 9, 2010 21:22
what is the current outlook for AUDJPY shorts ?