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by Ashraf Laidi
Posted: Nov 14, 2008 16:06
Comments: 6
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This thread was started in response to the Article:

Consumers Further Erode Retail Payrolls

October's record breaking decline in retail sales underscores the deepening implications of falling demand on retail sector payrolls.
 
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Nov 19, 2008 5:18
Francis, as I said in the IntradayThoughts, focus on the symmetrical triangle in the weekly chart. 95 support, 98.50 resistance. FX is now good for short-term momemtum traders looking to ride waves of rising risk appetite or risk aversion. It's more straighforward during the morning London session.
Ashraf
francis
GuangZhou, China
Posted Anonymously
11 years ago
Nov 19, 2008 4:20
Hi Ashraf

The analysis is very precise, So looks like 95.45-96.20 Area was Confirmed Effective

Support yesterday, Even DJI Rise 150 but 97.35 Limited it Increase scope!

DJI at 8000 Place above As if Coming to a stop, if Stock market Return to warmer

weather, Then USD/JPY You thought can Looks at high one?

which is 98.75 or Higher.

Thanks
Francis
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Nov 18, 2008 21:51
Thanks Sen. many more changes will come along the way. Everybody's feedback is appreciated. A
Sen
New York, United States
Posted Anonymously
11 years ago
Nov 18, 2008 20:48
Wow!, very nice update to the website look. Adds quality to the already great analysis
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Nov 17, 2008 8:00
Hi Francis,

My base case scenario is for yen to drop across the board and stocks to rally from mid November till mid January. under which 96 may hold up but id say 95.00 just to play it on the safe side. This scenario is more of a seasonal analysis that Im using rather than a change of fundamentals. If not mid November then maybe towards Thanksgiving.

Having said that, stocks are undergoing a severe loss of confidence, whereby each and every advance is followed by more than twice as much in declines. fundamentals are simply horrible and unemployment has yet to exceed 8.5% from the current 6.5%. so be careful.

Ashraf
francis
GuangZhou, China
Posted Anonymously
11 years ago
Nov 17, 2008 5:02
Hi Ashraf

USD/JPY support at 96.20, what do you think until to Jan 2009!?

Thanks
Francis