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by Ashraf Laidi
Posted: Mar 2, 2009 16:34
Comments: 22
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This thread was started in response to the Article:

Loonie's Falling Downside

The Canadian currency faces deepening damage ahead.
 
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Pipples
Yorkshire, UK
Posts: 34
16 years ago
Mar 11, 2009 18:39
New to your site - appreciate your commentary. Well, I'm favouring the NOK now - but think I should bite the bullet and trade GBP.NOK now or hold off on the off-chance of a little (last gasps) strength in the ?
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 10, 2009 18:50
Hi ROb, Im still looking for gold to hold at $880-885. Current rally is helping financial stocks, which have been a main force in boosting gold as they were falling. Depends on your margin requirments and so on. But medium term outlook for stocks remains challenging but positive for gold.

Best

Ashraf
Rob
Posted Anonymously
16 years ago
Mar 10, 2009 17:27
Short term gold targets would be appreciated as well - thanks a lot Ashraf
Rob
Posted Anonymously
16 years ago
Mar 10, 2009 17:26
Hi Ashraf,

Thanks for the many great calls in the past few days (NOK, AUD, CAD). With a potentially large bear market rally brewing, risk appetite rising, and psuedo market(s) stability, do you still see Gold holding up at $885? Thanks
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 9, 2009 20:08
Mohammed, yes, let's start off with 1.34 first.

Francis, my views on teh stocm market are all over this site. Start with the article on the Equities/Gold ratio. AUDUSD's downside is more gradual than NZDUSD or GBPUSD. Considering my forecast for another 15-20% drop in equities, we could the Aussie low at 0.61.

Ashraf
Francis
GuangZhou, China
Posted Anonymously
16 years ago
Mar 8, 2009 16:06
Hi Ashraf,

Want to know your viewpoint about AUD/USD, It's seems Technical surface at 0.6350-80 Area Was coming recently resistance. Although the fundamental plane aspect populace commodity's sliding to has had certain influence to the economic aspect.
But looked from the medium and long-term Whether is establishes the cash to be relatively ideal and a safer spot !?

in order to the AUD/JPY as (Aussie's Risk-Based Bounce) hotchart told us if the stock markets Stops falls, and reverses in a short time, Then it rises the scope should be able a more ideal matching, 61.50 Place above Whether Will become an admission the opportunity ?

Finally also wants to listen to you to US stock market short-term some viewpoints.

many thanks
Mohammad
Mashhad, Iran
Posted Anonymously
16 years ago
Mar 8, 2009 14:45
Hello, Ashraf,
I read Your article (Loonie's Falling Downside)
Do you mean the Usd/Cad Go to 1.3616 ?? in weakly chart
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 5, 2009 13:59
Hi John, please look at my latest HotChart today on GBJPY. Thanks

Ashraf
John
Utah, United States
Posted Anonymously
16 years ago
Mar 5, 2009 10:24
Hello, Ashraf,
It is alway a pleasure to watch your shows on CNBC etc. Do you still think GBP/JPY would come back down to test 120 lows. The daily chart study shows a strong uptrend.
Thank you for your advices.
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 4, 2009 15:34
Hi Hamish, you remember my presentations at the Vancouver office last year and how gloomy they were. I was calling for 800 S&P when it was at 1200s. Now things look less clear, but I expected the next downleg to intensify in mid-late Q2.

Ashraf
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