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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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PippedOff
Canada
Posted Anonymously
14 years ago
Mar 11, 2010 22:02
@chloe-you go guy-sound just like me with the weathermen and PPT and now RPT and the RBA and GOLDman.

Another senseless day in FX. Starts offf with GBPUSD doing its thing of an inflation report. OL! Inflation in the UK? And they are going to bid cable up on that?

Very disapponting day in USDCAD. Looks loike the RBA beet it on the hit into submission.

If the market was concerned with China tightening, it wouldn't have traded like it did. They all know the PPT and RPT are in the wings to bail them out.

Eve
chloethebull
Posted Anonymously
14 years ago
Mar 11, 2010 21:35
@juke, my reasoning is were @ the low for usdcad,an i think were due for a nice bounce back up to 1.0700..ive been playing the usdcad for 6mth now an its the gift that kkeeps on giving..oil could reach 83ish but im sure it to is ready for a pull back as the demand is not there but we have tons on the supply side...so i think its strength is more from usd weakness..an like pippedoff say when the weatherman (analysyt)are pounding the table calling for parity , u might see it go in the other direction...plus we have ashraf call on s&p vs vix...70%chance china tightening...possib neg- us data...im not saying this will all happen but im in ashraf camp on his reasoning an he knows the markets wayyyy better than i;ll ever understand...gl juke
Rezz
Vancouver, Canada
Posts: 53
14 years ago
Mar 11, 2010 21:24
Looks like the big players are desperately trying to "shape" the daily close candles on some currency pairs, and also the S&P by forcing weak squeezes. Watch how USDCAD came roaring back down to close where it did.. also Oil, with little news yet.
I cant imagine the smart money is buying risk right now. Ashraf hope you are right and the top gets blown on this silly rise in equities with China raising rates tomorrow.
Juke
California, United States
Posts: 21
14 years ago
Mar 11, 2010 21:15
just like to ask you view, chloe. what is your reason behind going long USDCAN now? StatCan will issue employment report and oil appears to have a bit more room to 84-ish. You know BMO/CIBC/RY/TD analysts calling for parity, which pretty much depending on Fri morning job result.
chloethebull
Posted Anonymously
14 years ago
Mar 11, 2010 17:16
@pippedoff, how goes the trading for u today?i covered another position of gold short @1101.9..sold my usdcad 21.0218...but im looking to add more oil short @82.30..long usdcad@1.0245--25...might grab my gold short back if we retest 1115 level...ok gl guys
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 11, 2010 17:15
Yes Eelman. risk trade not sustainable. USDCAD eyes 1.0340

Ashraf
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 11, 2010 17:10
The USDCAD seems to repeat the exact same pattern every day. Going higher in Asia/Europe, then drop like a stone in early US session, then recover.
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 11, 2010 17:00
Pipped - Maybe this behavior is a sign that the PPT is getting desperate. Perhaps they are running out of bullets. They are giving it all they got to try for 1150 S&P.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 11, 2010 16:42
fxr, well done ! looks like another attempt towards 13100 near which you can short again.

Ashraf
fxr
derry, UK
Posts: 4
14 years ago
Mar 11, 2010 15:24
hey Ashraf

you still like downside on AUDNZD?

i made over 200pips on your earlier call, (dumped everything ahead of NZD rate decision) so THANKS!

just wondering if its worth considering get back in?
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