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by Ashraf Laidi
Posted: Nov 10, 2009 16:34
Comments: 611
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Don't Forget the Yen

Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 27, 2009 0:27
See my latest IMT and twitter. RIsk aversion takes part in an enormous manner after DUbai fallout and Yen takes most of the unwinding because USD still has a problem with the Fed therefore quickly losing the risk aversion gains. Fridays after Thanksgiving have proven major movers in FX and this post-DubaiFallout Friday will be especially volatile.

Ashraf
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Nov 27, 2009 0:08
Radu

crazy swings all over in yen crosses - down 200 up 100 pips all within a 30 minute time frame. will not be trading till monday - as this thin volume trading looks like will continue to have wild swings and will mess up quite a few charts and eat up stops.

good luck.
radu
bucharest, Romania
Posts: 203
15 years ago
Nov 26, 2009 23:33



WOOOOW

Look at YEN

Look at all yen pairs

It is lake all longers are in margin call !!!!!!
chloethebull
Canada
Posted Anonymously
15 years ago
Nov 26, 2009 15:36
hi ashraf ,if dubai does not get a extension on loans what could happen to the markets an the usd ? thanks
speculator
Posted Anonymously
15 years ago
Nov 26, 2009 15:17
ashraf is very good on the yen calls!
fastpips
surrey, Canada
Posts: 69
15 years ago
Nov 26, 2009 13:32
Hi Ashraf!
Congrats, once again your call about yen strength was amazingly good. Thanks a lot. I have closed my Aud yen short. Do you expect that Yen would get more stronger and another position can be opened on a decent retrace. Thanks again for your help
Abood26
Damascus, Syria
Posted Anonymously
15 years ago
Nov 25, 2009 18:30
Ashraf where is the rest pls
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 25, 2009 18:08
raj, 1200 gold is very plausible but a deccline towards 1100 is the even more possible as that would be a decline of < 10%. you sold Dow above that key retracment level, which is fine. we have yet to see a weekly close above 10335.

Abood see latest IMTs on oil



Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Nov 25, 2009 16:07
Ashraf,
i am holding some shorts in gold($1117 average) and Dow fut( average 10380).can you please share your view on Dow and gold?
Regards,
Rajib.
Abood26
Damascus, Syria
Posted Anonymously
15 years ago
Nov 25, 2009 16:04
hi Ashraf u still see bearsh OIL and where to stop
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