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by Ashraf Laidi
Posted: Oct 7, 2009 2:17
Comments: 60
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Multi-FX Gold View & Shanghai Reminder

Looking at Gold in various currencies continues to help clarify FX secular strength, while it is time to revisit the Shanghai Composite's monthly chart.
 
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partisan
London, UK
Posts: 43
15 years ago
Oct 12, 2009 21:39
Ashraf - Very, very many thanks for your enormously valuable and generous advice and apologies for not having turned to your webinar being not, as yet, a trader, just on the nursery slopes.

John
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 12, 2009 20:05
stone, id wait a bit for BRL and AUD to retrace here against GBP.these charts look obscene.

Rob, considering $1.5850 did hold, consider fresh short at or below 1.58 for 1.5740.

EURGBP should look at 0.94 and more if UK CPI comes in weak.

Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Oct 12, 2009 19:47
Thanks for the sweet bonus tweet on GBP/USD got a good amount of pips from it--- I was reluctant to let the short go, but it seems like they'll be plenty of opportunities to get back in, even if drops more. Thanks
redstone
bristol, UK
Posted Anonymously
15 years ago
Oct 12, 2009 19:23
Hi Ashraf liked your LONG view on BRL and AUD. What would be a good entry point GBP/BRL or JPY/BRL. Many thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 12, 2009 1:50
rob, i still 0.97 eurgbp before year end, but use 0.9480 target at first and.. ample stop cushion.

partisan, if u listened tomy webinar youd have heard my recurring bullishness in silver (even relative to gold) and i do own silver ETFs. webinar, also says the lows in EURUSD are getting higher, so its hard to see euro falling below 1.40 (previous suppoirt was 1.37). euro for very long term is only ok as an anti USD trade but to lseep better at night, go with BRL and AUD as a LONG term currency.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 12, 2009 1:20
in my late friday tweet i said take cable from 1.5850 to 1.58 and eurcad from 1.54 to 1.5340s. anybody did that?

Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Oct 12, 2009 0:32
Just saw the IMT on EUR/GBP, thanks -- I presume you see parity in the pair as well, if so, do you have a time-frame? Thanks
partisan
London, UK
Posts: 43
15 years ago
Oct 11, 2009 21:28
Ashraf - Many thanks for your amazingly prompt reply! Given Japan's economic problems what is the JPY's appeal? The Merk Hard Currency Fund's biggest holding is in Euros on basis of the Eurozone's relatively conservative economic policies yet its banks are even more exposed to toxic debt than the US counterparts. Where do you stand on the Euro as a haven hard currency. And would you rate Silver as a good alternative to Gold as a hard currency haven?

John
Rob
New York, United States
Posts: 305
15 years ago
Oct 11, 2009 18:55
Hi Ashraf,

Do you have short and medium-term targets for EUR/GBP? Do you see parity in this pair? I certainly see a re-testing of the 0.9750-0.9800 high of the Dec. '08/Jan '09 easily attainable by (or at) year-end.

Unfortunately I do not have correlations between this pair and any major stock index. And it seems as if this pair is going to pull back, it would "only" do so due to weakening in stocks. Thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 11, 2009 15:53
partisan, ive been telling everyone on this site and my webinars to remain long metals as i myself still own metals ETF-regardless of what happens to short or long term USD. yes, yen will rally at the next market tumble, sharper than the bounce in the USD.

Ashraf
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