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by Ashraf Laidi
Posted: Aug 21, 2008 1:37
Comments: 525
View Analytic
This thread was started in response to the Analytic:

Speculators' Futures FX Positions

The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 12, 2009 15:30
hamish, as always, careful with ur stop placement. We're seeing a typical short squeeze, shaking off the risk aversion players ahead of the Fed. I cannot imagine stocsk to preserve their gains once Fed signals no more Trsy buys.

Ashraf
hamish
vancouver, Canada
Posts: 26
15 years ago
Aug 12, 2009 15:16
Ashraf, sorry to confuse did'nt see your last message !
Steven Blyth
London, UK
Posts: 148
15 years ago
Aug 12, 2009 15:14
Hamish. I chose to take profits on the LONG USDCAD today but will looking to reenter once CAD as stopped reflating. Maybe tonight.
hamish
vancouver, Canada
Posts: 26
15 years ago
Aug 12, 2009 15:14
Ashraf, what's a new entry level usdcad is 1.0905 too optimistic??
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 12, 2009 15:11
Hamish, spec, nothing goes up in a straight line. my next target is at 1.1120 so this is a great time to enter. The usual consolidation before FOMC. But i believe we'll have fresh wave of risk aversion after the FOMC as markets will fear the Fed will no longer extend QE. And oil is a great short at 71.00.
USDCAD was up in 5 out of the last 6 sessions so time for a possible temporary retreat. Support at 1.08750

Ashraf
hamish
vancouver, Canada
Posts: 26
15 years ago
Aug 12, 2009 15:05
Sorry to confuse everybody!!!!!! It is the LONG usdcad which is not looking rosy.
speculator
Posted Anonymously
15 years ago
Aug 12, 2009 15:01
ashraf,

im waiting for cad1.15/dollar might have to wait some time
Gunjack
London, UK
Posts: 1184
15 years ago
Aug 12, 2009 14:59
Any fellow posters on here dabble in Oil? Thinking of shorting on any break of 68.9...any other views
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 12, 2009 14:25
hamish why would you short usdcad?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 12, 2009 14:24
hamish, what USDCAD short are u talking about?? Ive been calling for long USDCAD 400 pips ago 7 days ago. yesterday i said fade the pulbbacks which means remain long USDCAD (if not open new longs) as i repetitively mentioned 1.1120 as next target. so not sure where you brought the SHORT from???

Ashraf
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