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by Ashraf Laidi
Posted: Sep 11, 2009 14:18
Comments: 103
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Unusual FX Action?

Broadening USD weakness is joined by broad yen strength rather than weakness could have implications for FX view on appetite.
 
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rim
Turkey
Posts: 121
15 years ago
Sep 17, 2009 14:47
Dear Ashraf ,
Due to the latest comments ; YEN will hit 87 , AUD 90, and EURO 1.48
If it becomes real Then GOLD will pass 1035?
radu
bucharest, Romania
Posts: 203
15 years ago
Sep 17, 2009 14:15

Hello Ashraf ,

Many thanks for your input , apreciate it

Best regards
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 17, 2009 13:13
Bojan, those analysis are backed by the notion that higehr yields will draw capital from JPY to higher yields. I stick with 93.50 being the target and resistance before finding more declines in USDJPY.

Ashraf
bojan
Arizona, United States
Posts: 111
15 years ago
Sep 17, 2009 11:25
Ashraf,

On the daily chart USD/JPY it is clear that we are in down tranding chanell, and currently on the support line of 90.70 Just from the chart it is expected for the pair to move higher toward 92.50-93.00. Aside form chart, i heard interesting view of JPY relationship with 10 yr. treasuries in the past, and if stocks continie to gain, it would take money out of bonds, what would push the yield up and doing so it would push the USD/JPY higher? Do you see the possibility of the pair moving higher ?

Thanks
Steven Blyth
London, UK
Posts: 148
15 years ago
Sep 17, 2009 9:39
Spec and FXHandler.

I think MIKE SHEDLOCK trumps Marc Faber on doom and gloom. :)

Steven
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 17, 2009 8:19
FXfiles, did you hear the new Japanese finance minister saying yen weakness is NOT in Japns interest, something LDP never said. Also, yen weakness could be extended during Japns Silver Week Holidays which lasts until Wednesday.

radu, GBPJPY still down w/ rebound seen limited at 151.70s

cloe, im a long term bull but i still do not expect the current run-up to take us to 1,100 before retreating back towards 970s. Only then. we'll see 1,100. So, if you didn't get into gold now then better wait. and i still prefer silver to gold.


Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 17, 2009 0:01
Unusual FX Action??
Ashraf, why did you make this topic......I think everything is very usual on the market.......FED promise to keep printing money and keep its interest rate at 0.25%.......so we are watching USD make new lows every week or month and stock is rallying by free print money as the result which FED expected.......

I didn't find any unusual........is CMC thinking that unusual FX action???
speculator
Posted Anonymously
15 years ago
Sep 16, 2009 23:27
Sterling may be the next carry currency as soon as end 2009 and replace/compliment dollar carry. The BoE cannot make it any clearer unless that they trying to weaken currency by just talk . The possibility of lower interest rates which will hit short end of the yield curve to help this process. Investors are seeing this possibility and other fundamental issues with the pound thus risk aversion not playing with cable at this time.
FX-files
United States
Posted Anonymously
15 years ago
Sep 16, 2009 21:10
I have to maintain my bearish stance on the yen in the medium term (at least against USD), despite Ashraf's comments otherwise. I don't see yen's ascent to be sustainable, especially after the novelty of the political changes in Japan wears off, following the massive surge in world markets, and given the weak economic data still coming out of the country.

Let me also point out your error of calling for short term weakness in AUDUSD. This pair is on steroids with no sign of letting up. Possible bounce lower seen around 0.8940 which is the 76.4% level from 0.6000 to 0.9850
FXHandler
Norway
Posts: 195
15 years ago
Sep 16, 2009 19:49
Ashraf,
I think Spec is able to answer for himself without you protecting him from me whenever I (or Qin) get a little bit harsh in language. Sorry that I am not optimized for your level and degree when it comes to respect and manners, but I am thankfull for your insight and your lessons (in FX or manners).
Have a nice day.
:)

Steven,
I seen most interviews with Marc Faber. He is a funny guy and very intelligent and I like him.
But I actually agree with SPEC on this, that the man is too negative and ultra-bearish. If we would beleive him in his predictions about the future, then we might as well go and shoot ourselves now.
The world will not end now, go out and enjoy the sun. Be happy.
lol
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