@taniral, here's my amateur analysis on USDJPY. At first sign of credit crisis of Dubai before the thanks-giving in the US (last November), USDJPY nose-dived below 85, hitting the lowest in some 14 or so years. Since November last year, credit risks have gone beyond Dubai, spread into PIGS, etc. Risk aversion now dominates the sentiments. Can we see another 84 before BOJ would intervene? That might sound extreme, but, it wasn't long when we saw these levels. Could Fitch downgrade, and if Moody's & S&P follow suit, could trigger the sharp strengthening of JPY? Maybe a step at a time. I been short at 92, 91.50, and now I have closed out with profits. I am watching a break below 90 to take this into 88 levels or a short relief rally as opportunities for more shorts. I would love to get views from experts in this forum. Callum
@pippedoff, what level you think AUDUSD could get to with the help of RBA, GS, PPT, NAB, Westpac, etc? 90 plus room to breath? With Gold flirting 1100, sounds, they'd have a fair bit of work cut out for them!
German Ifo Business Climate Index is out in 40 min. I am only speculating, could come better than expected, esp as export / mnf led companies had few good months of weaker EUR. Thus, I am looking forward for adding short positions if it advances well into 137
Hi Ashraf, do you have any view on seasonality factors for Oil over the next 3 months leading into the summer? I've been looking at the March-May on Crude Oil on average been up. But also cognizant of the extraordinary market conditions we are in now. If Oil's going to outperform say Gold, would that cap the relative CAD weakness vs current USD strengthening, compared to say the AUD?
Thanks Ashraf. I had my CADJPY short triggered at 87.85 I did close off at 8730. I also had shorts on USDJPY 92.00 and 9155 both closed with profits. You are great! God bless you!
@chloe, ditto, I also had originally set my set limits (t/p) on Gold at 1070, and then moved it up 1090 in early Asian session ... I am looking forward to the break below 1103 to close out. Also avoiding more shorts unless if it breaks upwards, in which case I will look for the next peak.
@pippedoff, nice moves. I too had closed most of shorts after early Asian trading session, added longs on AUD/USD and closed off at 8835, only to see it move much higher than I had expected. I was tempted to put in another small long on AUD / USD just before close, with a tight limit, as it has a high chance of hitting limit at gaps on monday morning, but I fell asleep trying to wait for Ashraf to come on CBNC - I am in Singapore, and today I struggled to keep up at 5am). I suppose I was getting a bit bored watching Obama which bumped off Ashraf's original TV slot.
I am looking forward to taking cues from Shanghai Comp. Index on Monday as China comes back this weekend from their 1 week spring festival vacation.
Keen to get views / comments on how next week could play out.
@pippedoff, you've been great breaking the IMF Gold news on this forum. Thank you! I was able to act on it immediately. I saw Ashraf's IMT also a bit later... I was surprised CNBC's Sri brought it up in Squawk Australia session, but as expected, it was rather dismissed by panel of Aussie analysts. I am a big fan of you and Ashraf. Keep up the great work...Callum
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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Video includes:Levels I'm anticipating before getting back into these 3 stocks; How toprofit from AI's copper and power surgewith English substitles. Watchشاهد
I am assuming this is the green light for eurusd 132 getting much closer. Callum
@pippedoff, nice moves. I too had closed most of shorts after early Asian trading session, added longs on AUD/USD and closed off at 8835, only to see it move much higher than I had expected. I was tempted to put in another small long on AUD / USD just before close, with a tight limit, as it has a high chance of hitting limit at gaps on monday morning, but I fell asleep trying to wait for Ashraf to come on CBNC - I am in Singapore, and today I struggled to keep up at 5am). I suppose I was getting a bit bored watching Obama which bumped off Ashraf's original TV slot.
I am looking forward to taking cues from Shanghai Comp. Index on Monday as China comes back this weekend from their 1 week spring festival vacation.
Keen to get views / comments on how next week could play out.