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by Ashraf Laidi
Posted: May 20, 2009 20:02
Comments: 87
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This thread was started in response to the Article:

Dollar Slashed as Fed Goes Shopping

Fed's latest bond buybacks triggers fresh dollar damage, while VIX downside does not spell out the end of equity selling.
 
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Ashraf Laidi
UK
Posted Anonymously
16 years ago
May 21, 2009 15:59
Tim, EUR holding fine against all currencies, but the YEn remains the most likely currency against which EUR will drop. Look at the 4-hr and daily charts. very dismal. Look for 129.60 and 129.20.

Ashraf
Tim
North Carolina , United States
Posted Anonymously
16 years ago
May 21, 2009 15:49
Ashraf
"weak EURJPY " ?? Please elucidate. Seems the EUR is holding up fairly well against JPY.
Maybe it would help if I knew what would you consider a strong EURJPY? Do you have downside 'targets' and timelines for EURJPY ? Many thanks.
Tim
TG
Singapore
Posts: 112
16 years ago
May 21, 2009 15:00
Looking forward to seeing you out here again, cheers. ( Maybe a 1 day seminar?, being considerate on the lenght :))
Ashraf Laidi
London, UK
Posts: 0
16 years ago
May 21, 2009 14:55
hedge, for same reasons i prefer to short GBPJPY i d rather short CADJPY... long USDCAD has its risks from dollar weakness. very possible i go to singapore in July. CMC has a nice office there

Ashraf
hedge
Singapore
Posts: 9
16 years ago
May 21, 2009 14:33

Ashraf, also will you come again to singapore soon?

Hedge
hedge
Singapore
Posts: 9
16 years ago
May 21, 2009 14:31
ashraf, what is bette, short candollar against dollar or against yen?

Ashraf
Ashraf Laidi
London, UK
Posts: 0
16 years ago
May 21, 2009 13:46
Correcting yesterday's take on AUDNZD, I said it was AUDJPY but i MEANT AUDNZD:

we're already down at 1.2730s, looking for initial target at 1.2650s, followed by 1.25 with stop at 1.2810

Ashraf
Ashraf Laidi
London, UK
Posts: 0
16 years ago
May 21, 2009 10:16
Peter, i see improved chances for euro/usd nearing $1.3950 as early as next week before a pullback thereafter. 1.40 by end of july has about 60% chance
Ashraf
Ashraf Laidi
London, UK
Posts: 0
16 years ago
May 21, 2009 10:04
FL, safe haven flows from falling equities will go to the yen. today's news of S&P downgrading UK rating is a MAJOR NEWS...reason to decline in world markets and oil.


Ashraf
FL
GuangZhou, China
Posts: 14
16 years ago
May 21, 2009 6:34
Hi Asharf,

yes The Vix index show under 30 now, But Stock Markets if Falling down then Takes refuge from danger the fund Massive inflows USD, Will not favor EUR and GBP etc...... what do you think In this kind of supposition situation? Under compares GBP Whether to display will compare EUR Strong.
please advise.

Thanks a lot!
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