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Posts by "houram"

61 Posts Total by "houram":
55 Posts by member
houram
(Vancouver, Canada)
6 Posts by Anonymous "houram":
houram
Vancouver, Canada
Posts: 55
12 years ago
Jul 19, 2010 4:07
Vasya,
Good luck with your trading and investments and I am happy that you think this way. There must be someone on the other side of my trade and I am happy that there are many Dollar bears besides you.
houram
Vancouver, Canada
Posts: 55
12 years ago
Jun 13, 2010 6:39
Catnip
You hit it on the nail!!! BRAVO
It is the money flow that dictates the direction at such times.
Lets wait and see!
houram
Vancouver, Canada
Posts: 55
12 years ago
Jun 12, 2010 3:31
In my view we could see EUR/USD way below 1.10 towards parity but before that I think we will see some consolidation towards 1.30 and above. Also equities are heading south but not any time soon. This market is so erratic that it will shake out the short positions until most of us turn bullish again. Same goes for Euro.
houram
Vancouver, Canada
Posts: 55
12 years ago
May 31, 2010 16:04
VOTE:Temporary Greece Exit

I see deflationary signs everywhere, in the USA and Europe. All the European nations are struggling to solve their own problems of unemployment, deficits, etc. I do not think much will happen this year but in the next 1-3 years when deflation becomes the main topic and strong economies such as Germany and France will face their biggest problems ever in history, things will look different. The euro zone will fall apart and the Euro will suffer.
As for the Euro, there is always a rebound in a trend, but I see Euro heading to parity by year end.
houram
Vancouver, Canada
Posts: 55
12 years ago
Mar 24, 2010 6:48
Hi Ashraf,

Too bad that I couldn't attend your seminar in Vancouver, we were preparing for the Iranian New Year celebration. Anyway, the question is what is keeping gold so high right now. I have been short gold since $1160, $1120 and $1100. The dollar has rallied pretty well, the inflation is slowly turning to deflation and the central banks are not buying gold anymore. In my opinion we should see prices below the 1000 level. Would you agree with that?

Thanks
Houram
houram
Vancouver, Canada
Posts: 55
12 years ago
Jan 5, 2010 22:37
Hi Ashraf,
Great article. What does it take for the Euro to drop even to the lows of 1.25? Isn't Europe with all its problems seeking a weaker Euro to boost their exports? Do Germany and France have to bail out their neighbors sooner or later? What is Spain going to do with their 20% unemployment?
Thanks
Houram
houram
Vancouver, Canada
Posts: 55
13 years ago
Oct 11, 2009 20:49
Moe, I think it depends how fast things will unfold during Q4. A fast move is usually followed by a fast retracement but a slower move usually continues over a longer period of time. In my opinion it could continue to Q2 of 2010. The reason I am saying this is because the world economy can not pick up as fast as anticipated. The stimulus money is used up and a consumer driven economy will take time. The next wave of foreclosures in the USA is what I am afraid of. This is my prediction and it could be different from most of the predictions.
houram
Vancouver, Canada
Posts: 55
13 years ago
Oct 11, 2009 20:31
I agree with spec that the Dollar will move up, the maximum time I give the USD to decline is 3-4 weeks when the earnings season is pretty much over. May be it will turn around next week, who knows, but the only way is up since almost everybody is already short dollar.
houram
Vancouver, Canada
Posts: 55
13 years ago
Sep 24, 2009 16:55
Hi Ashraf,
Great analysis, as always. What is your opinion regarding the effects of geopolitics that could heat up in the middle east, would it strengthen the USD? What if crude oil goes up because of the tensions? Will the CAD be strong again?
I hope the tensions will ease, I have many friends there.
houram
Vancouver, Canada
Posts: 55
13 years ago
Sep 14, 2009 15:49
VOTE:Other

Not sure if we will go below 1.38, may be 1.40 if we see a correction of equities in a few weeks. My target for year end is above 1.50