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by Ashraf Laidi
Posted: Nov 27, 2009 16:51
Comments: 404
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This thread was started in response to the Article:

Gold & Yen's Perfect Desert Storm

Yen strength still eclipsing USD rebounds during risk aversion. while gold's ascent is better gauged against currencies other than the US dollar.
 
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PippedOff
Canada
Posted Anonymously
15 years ago
Jan 15, 2010 8:32
RIP usd/jpy. Been fun knowing you. Did the Cable Cartel run your stops to 90.60 to test major support?
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 15, 2010 8:02
@simao: and lower, just as soon as eur/gbp stabilizes. Most of this 300 point move in cable is based on 200 point decline in eur.gdp, and little to do with deteriorating conditions in UK.
simao
casablanca, Morocco
Posts: 51
15 years ago
Jan 15, 2010 8:00
hello ashraf and thnx for answer, but we can return to touch 1.6100 this week or coming week, right ?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jan 15, 2010 0:21
Looks like Assie did go to 0.9340 and failed 0.9350.

Partisan, Yes. By when? not so sure. Say by Feb.

Simao, thats an important upmove as we break 1.6340. If we remain these levels early tomorrow, the we can see 1.64.

Ashraf
said
mulhouse, France
Posts: 2822
15 years ago
Jan 14, 2010 22:53
simao
cut ur position
it goes to 1.64 by tomorrow
simao
casablanca, Morocco
Posts: 51
15 years ago
Jan 14, 2010 22:08
hello ashraf and how are you?

i have big lots SELL on GBP/USD from 6260 and the price now is 6335, what ou think he can return to touch 6200 again or no and thnx
.

mohamed
partisan
London, UK
Posts: 43
15 years ago
Jan 14, 2010 18:37
Ashraf -

Do you still see USD resuming up and gold back down to 1070 (or lower?), and over what time frame?

John
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 14, 2010 2:53
Can $/yen be an engine that could - fighting through congestion at .9150. Hopefully it can build on the consolidation.
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 14, 2010 2:51
Hopefully you are correct on Gold (and Aussie ) Ashraf.

Part of me believes all this "good" non-US data and poor US data has been priced in already.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jan 14, 2010 2:47
Pipped off, gold is simply coming off and refusing to react w/ any rebound in non-USD currencies.

Aussie may extend gains towards 0.9350s but gold still having issues with regaining that 1170.

Recall last month how aussie ended week shaprly lower despite those strong Nov figures (released on Dec)

Ashraf
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