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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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New Pip
birmingham, UK
Posts: 84
15 years ago
Aug 20, 2009 17:14
I refer to USD/CAD
New Pip
birmingham, UK
Posts: 84
15 years ago
Aug 20, 2009 17:14
Ashraf should I close my long position. I am in minus and not sure if I should cut my losses. Will this go back up.

Thanks in advance

Saeed
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 20, 2009 17:09
No news on CAD. While USDCAD broke below 1.0930, CADJPY remains capped at 86.30s (Not 96.20). which could correspond to support at 1.0870.

Ashraf
Gunjack
London, UK
Posts: 1184
15 years ago
Aug 20, 2009 17:07
hamish...surely not!!! LOL...I-banks being crooks, what the world coming to...lol
hamish
vancouver, Canada
Posted Anonymously
15 years ago
Aug 20, 2009 16:55
Surely these big bank traders are con-artists !!!
Jaradat
Abu Dhabi, United Arab Emirates
Posts: 2
15 years ago
Aug 20, 2009 16:52
USDCAD will hit 1.0850
hamish
vancouver, Canada
Posted Anonymously
15 years ago
Aug 20, 2009 16:51
Rob, strange as Ashraf suggested consolidation 30 mins ago, even a week ago or so hinted 1.13! UBS today said expects by month end 1.15 (can you believe 462 pips in 15min & still getting stronger)
Rob
New York, United States
Posts: 305
15 years ago
Aug 20, 2009 16:50
Thanks Gunjack -- does that also mean the trend support at 1.0940-45 is toast now ---- Or should we still wait to see the close at or below 1.0920???
Gunjack
London, UK
Posts: 1184
15 years ago
Aug 20, 2009 16:47
@Rob im hearing a major US bank has issued a sell reccomendation on USDCAD hence the pressure
Rob
New York, United States
Posts: 305
15 years ago
Aug 20, 2009 16:31
Does anyone know why CAD just decided to crush the Dollar??? Oil isn't up that high??? And neither are stocks.
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