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by Ashraf Laidi
Posted: Nov 18, 2008 3:15
Comments: 1310
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This thread was started in response to the Analytic:

GBP Trade Index 18-Year Chart

Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
 
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ashhabiba
Giza, Egypt
Posts: 24
15 years ago
Nov 25, 2009 11:03
Hey Ashraf
after GDP figures in UK . it,s Good or bad for GBP ? Do you think it will up agin to 1.6880 ?
Xaron
Munich, Germany
Posts: 528
15 years ago
Nov 25, 2009 10:13
The Dollar won't gain beside technical corrections due to the simple fact that the US simply don't want a strong Dollar beside their stupid "strong dollar talk policy". The Dollar might get some love again but I doubt we'll see a real trend change anytime soon (again: beside technical corrections which imply something like a 10 big figures move).
EL Shaer
Giza, Egypt
Posts: 59
15 years ago
Nov 25, 2009 10:10
Dear Ashraf
When I readings of your IMT yesterday about Mervyn King. I sold sterling at 1.6580 and now increased to 1.6720. What do I do? hold . cut Loss or sell agin.BUT in wich Point. Please Please your Advice. Thank you for your Time
speculator
Posted Anonymously
15 years ago
Nov 24, 2009 18:21
1.57 against euro.

i strongly doubt we will hit even 1.53 this year. i remain bullish on the dollar for this year at least. major support at USD index 75 is forming for some weeks now. The market is well short of dollars and cautious remains after shuch a great rally in equities. Theres just too many dollar bears and not much room for many more. I do not expect there to be any major correction in US/UK equties next year but minors will happen of up to 10% on each leg.

fed will also surprise markets by removing liquidity which will massively support dollar early next year. The dollar will also not rally fast but slow keeping equities in an upwardly trend in to next year.

Gold on the other hand will rise into year end and i see 1250 at 95%
EL Shaer
Giza, Egypt
Posts: 59
15 years ago
Nov 24, 2009 18:00
spec. when you said 1.57. do you meen EUR or GBP aganyst USD ?
redstone
bristol, UK
Posted Anonymously
15 years ago
Nov 24, 2009 17:36
spec if eur/usd hits 1.57 this year then cable could hit 1.71.
speculator
Posted Anonymously
15 years ago
Nov 24, 2009 15:48
well the dollar is being damanged by low rates and excess liquidity so reverse that and things reverse. relationships differ with time. its all about the the fed now so focus on that.
chloethebull
Posted Anonymously
15 years ago
Nov 24, 2009 15:38
spec i thought positive us data is bad for usd but booast risk appitite?but i agree with what you said about feds raising rates due to all the positive data that comes out..kinda makes sence to me ..gl an thanks for ur input
speculator
Posted Anonymously
15 years ago
Nov 24, 2009 15:23
its all about liquidity and macro conditions. so if us economic data is positive, this should benefit the dollar as it may encourage fed to reduce liquidity and increase rates, at least thats what investors may believe. this is positive for dollar and us market yields rise and makes higher yielding assets less appealing. as markets are driven recently by a cheap low yielding dollar, a flight from stocks likely due to higher yielding signs of the dollar and investors need cover dollar shorts.

the stock market is in part driven by the dollar and its liquidity. stocks do not move the dollar as the currency market is far larger in value. correct me if im wrong ashraf.
A_V_G
Singapore, Singapore
Posts: 38
15 years ago
Nov 24, 2009 13:28
Hi Ashraf,

How are u friend.... Regarding today's GDP, wht do u expect the currency market to react. Last time when US GDP came positve 3.5 %, then the USD went down. If today GDP comes less than 2.9 %, then will USD go UP or if it comes more than 2.9 %, then will USD go DOWN.

Thanks for ur time :)....

AVG
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