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by Ashraf Laidi
Posted: Aug 13, 2009 16:38
Comments: 200
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This thread was started in response to the Article:

Unsustainable Appetite in FX, Equities & Oil

We're witnessing more signs of peaking appetite, this time inside the individual Forex pairs, as well as more failure in oil and Chinese stocks
 
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 11, 2009 15:23
FXFiles, yes, you're correct about stocks rising since this article. look at the other charts in the article. GBP and oil are both down. euro is up

Ashraf
speculator
Posted Anonymously
15 years ago
Oct 10, 2009 1:11
well we are october and my call for a weakening pound is on target and beat barclay's forecast so far.
FX-files
United States
Posted Anonymously
15 years ago
Oct 9, 2009 23:17
Well, it's almost two months later, and the markets here in the U.S. have gone up 7% since you wrote this, Ashraf. Maybe you spoke too soon?
speculator
Posted Anonymously
15 years ago
Aug 22, 2009 14:10
there will come a point soon that usd will not necessarily weaken against stock market strength. it will all be about where are the investment opportunities for growth and other economic factors moving currencies. we can clearly see this with cable. the markets will not allow cable to shoot any higher due to bearish fundamentals despite fantastic UK equity market strength.

risk aversion trades are more likely to prevail strongly in highly uncertain times i.e during the bear market.
raulin
london, UK
Posts: 65
15 years ago
Aug 22, 2009 13:21
Speculator you need to change your rigid mind set if you pay close attention strongly rallying US equities have been seen with US strength against JPY and in turn commodities currency rallying against JPY. You say this a news play , well positive news feeds equity rallies .
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 22, 2009 4:39
S&P500 and Dow are looking increasingly bullish. But im not yet throwing the towel. The VIX and oil charts are some of my validations. We shall see. But GBP looks to be a very dependable sell.

Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Aug 22, 2009 4:29
I will do that Ashraf! Thank you for your time and dedication!
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 22, 2009 4:12
Moe, i too have a short oil posiition via an ETF and im not touching it. See my latest article showing 74.30 to be key resistance in oil. And sterling just CANNOT hold on

Rob, at least USDCAD bounce off its lows just like GBPUSD fell off its highs. Wait it out on USDCAD espclly with oil may be peakinbg near its 200-WEEK MOV AVG

Ashraf
speculator
Posted Anonymously
15 years ago
Aug 21, 2009 19:09
i think whats happening recently is that on days where positive US news comes and stocks rise, the dollar strenghtens as the news outweights the stocks. trading is becoming more tough.

also, sterling is getting beaten hard and has probably topped out for some time.

so the euro is where money seems to be flowing in to for now. i strongly believe things will change in sepember as we are still in holiday mode all over.

Rob
New York, United States
Posts: 305
15 years ago
Aug 21, 2009 18:17
Hi Ashraf,

Would you say the only hope for those long USD/CAD is verbal intervention over the weekend. Esp. considering that Asia will probably eat this up on Sunday and send appetites even higher, thus oil, and CAD? Thanks. Not sure if I should wait it out? Unless of course, this whole thing is V-shaped and we're "out of the woods". I think not but, it's def. not fun to be rational in an irrational market. I did do well with GBP, but unfortunately haven't re-entered this morning. Perhaps I'll re-enter "in Asia". Have a good weekend.
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