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by Ashraf Laidi
Posted: Oct 22, 2009 18:16
Comments: 54
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Parameters in Equities, Oil

The 100-week moving averages in the S&P500 and US crude oil will act as the next resistance for risk appetite and USD-selling.
 
 
123456
speculator
Posted Anonymously
15 years ago
Oct 24, 2009 9:32
there is abosutely little that can stop pound going weaken from here so target 1.62 for now.
taha
Cairo, Egypt
Posts: 50
15 years ago
Oct 24, 2009 7:36
Hi Ashraf ,
Firstly , i want to thank you for your recomendation to sell the pound at 1.64 and take the profit at 1.631 ( you mentioned at stocktwits ) .
What i would like to know now your forecasting for the performance of the pound for the next week and target level .
good comments on al hurra tv , bnn
Taha
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 23, 2009 11:40
IEV, thats a very good question and thats the very concern im raising at conferences (longer term concern) as US and other economies still have a weak consumer fabric. so the speculative-driven rally in oil (courtest of USD weakness) may hit back and could cause commodity consolidation and dollar stabilization.

Ashraf
InEgoVeritas
Saguenay, Canada
Posts: 2
15 years ago
Oct 23, 2009 3:38
Ashraf,

At one point do you see oil dragging the US economy back down into contraction?
Also do you think when the tipping point is reached ie oil price hurts the recovery, the Fed will have no choice but to actively (through rate hikes or else) support the dollar?

Thanks in advance,
IEV
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123456