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Posts by "montmorency"

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montmorency
(Abingdon, United Kingdom)
74 Posts by Anonymous "montmorency":
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montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 3, 2010 10:17
In Thread: EUR
@Ozzy: On AUD/USD: Yes, I remember Ashraf saying that, but it depended on continued stock market weakness. But the stock market picked up, and with it the AUD/USD. Since the stock market has weakened again, so has the AUD/USD. Not in lock step perhaps, but it does seem to follow. It is looking quite bearish at the moment, after its recent small rally.

Lots of people are predicting a market crash as well.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 3, 2010 10:04
In Thread: EUR
I was just looking back in the Eurozone Core thread, and there is Catnip's prediction around 15 June. It didn't quite make it - 1.27 by end June, but the direction was surely right, and it might still get there.

However, the 2nd part of Catnip's prediction was that the focus would swing back to Europe and it would go down to 1.1.6 in July (more in line with Ashraf's original prediction).

So you could say that Ashraf was talking about the longer term, but Catnip correctly spotted the shorter term countertrend.

On gold - I too was fooled, but actually, we have seen some recent sharp drops and even some gold bulls have been warning of a sharp drop before the bull run resumes.

At the end of the day it is the trader's responsibility for what he or she trades and he or she should make their own analysis.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 3, 2010 9:47
In Thread: Eurozone Core, USD Index & Swiss Knife
Well looking bck here, Catnip was the most accurate, although 1.27 by end June was not quite achieved. 1.27 may well yet be achieved though, although it was running out of steam by the end of Friday. I have to say that at the time I was sceptical about 1.27, but I have to doff my cap to you.
Now to see if the 2nd half of your prediction will come to pass - i.e. a drop to 1.16 in July.
I hope so!
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 2, 2010 22:55
In Thread: EUR
So, is 1.17-16 still Ashraf's long-term target, or has the game changed?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 2, 2010 22:53
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
As I'm short, I'm hoping Euro will be down! :-) but I fear Ashraf is right and it'll be up at 1.2660 or more.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 2, 2010 22:50
In Thread: USD
'Course you did Johnno, and no you are not a spammer at all. Do us a favour!
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 2, 2010 18:42
In Thread: Commodity FX (CAD AUD NZD NOK)
Looks like Aussie/US _might_ be resuming its down-trend (of course that is partly wishful thinking on my part).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 2, 2010 18:37
In Thread: WorldCup2010
I visited Robben Island earlier this year. Very interesting (as was Cape Town generally).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 2, 2010 15:31
In Thread: EUR
@Xaron: Your Euro short reminds me a bit of that Lloyd Bridges character in "Airplane"

"Looks like I picked the wrong week to quit drinking...." etc.

"Looks like I picked the wrong day to short the Euro...".

- Don't worry, the joke is really on me. I'm also short.

Horribly so.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 2, 2010 15:24
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
(@Chloe: alternatively: Asad is looking for a money manager :-) ).
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