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by Ashraf Laidi
Posted: Dec 11, 2009 0:10
Comments: 198
View Hot-Chart
This thread was started in response to the Hot-Chart:

Euro's Third Down Leg

 
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Rob
New York, United States
Posts: 305
15 years ago
Dec 17, 2009 1:55
Ashraf -

Much thanks - EUR/USD target HIT in Asia as you tweeted!! That couldn't have been easier! Some are saying that this last FOMC statement will determine how USD trades until the end of the year - I presume you concur? Is it safe to say you are sticking with 1.4280 is EUR/USD? Thanks a bunch!
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Dec 16, 2009 18:20
spec, interesting views. in order for EURUSD to jump back to 1.55 in New Year in the face of the escalating Eurozone credit mess, one thing must happen: Fed will tell the world "forget about exit strategy, forget about withdrawing liqudity and inflation will remain low".

Ashraf
speculator
Posted Anonymously
15 years ago
Dec 16, 2009 17:58
Goldman and Citi both believe dollar has reached a short term top against euro and will reach $1.55 in the new year. They can influence the market to some extent but it will be shortlived as the majority of speculators now feel the dollar is in a multi-month uptrend and are going long.
SanAmsterdam
Netherlands
Posted Anonymously
15 years ago
Dec 16, 2009 16:34
Thanks Ashraf for all your great insights and sharing your opinions.

It is dearly appreciated.
fastpips
surrey, Canada
Posts: 69
15 years ago
Dec 16, 2009 14:14
That's what he wrote about it few hours ago

rim, if you saw my CNBC interview posted on yesterday's IMT, you will know that i expect NO CHANGE in the Fed's stance or language. No Fed rate hike before Q3 2010.

Ashraf
rim
Turkey
Posts: 121
15 years ago
Dec 16, 2009 13:56
Dear Ashraf ,
Do you expect today a surprise small rate hike from FED as 0.30 ?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Dec 16, 2009 13:47
Everyone, thks for all the kind comments and for those who went to my seminars in Singapore, Tokyo and the 3 Chinese venues.

we had 3 major Eurozoen problems in 1 week. (greece, spain and austria) so euro has to drop. EUR accounts for 58% of the weighing in the USD index, the broadening credit and banking woes in the Eurozone are especially driving the ascent of the USD index. USDX has hit a 2-month high of 76.95, breaking above its 50 and 100-day moving averages. EUR remains the most vulnerable of the majors against USD, at risk of breaking $1.45 and onto $1.4470


Ashraf
mandi
Singapore, Singapore
Posts: 4
15 years ago
Dec 16, 2009 8:02
Ashraf,
Kindly comment on EUR/USD for the next 1 month.
USD strengthening is so confusing even though Fed is pumping money in the system.
rgds
Mandi
speculator
Posted Anonymously
15 years ago
Dec 15, 2009 17:29
guys, the dollar index is now a buy on technical grounds!!
Xaron
Munich, Germany
Posts: 528
15 years ago
Dec 15, 2009 15:15
Wohoo... Now that's a tough call! I don't think so because even the US does not want a strong Dollar. A weak Dollar helps the exports plus lowers the debts. The US simply can't attract enough foreign capital. They could if they would introduce double digit interest rates but I think all know that this is a NO GO.
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