Posts by "newman"

To clarify: meaning EUR/USD, and "near-term" = if starts a trending move over the next week or 10 days. Thanks.

Ashraf: I know you're a very busy man. And I realize this newest article of yours is only 6 days old. But please write another one (with a Big Picture focus or implications) soon. We "Little Fish," who almost never get the high-quality advice that only the rich can afford, rely on you to help us survive. :^) THANKS for all your help. --NewMan P.S. I and my family and friends and their families and friends DON'T want to end up in a sardine can! (Just as you share your expertise with us, I try to pass my imperfect understanding on to as many people as I can help. Ultimately, WE'RE ALL IN THIS TOGETHER.)

14raj: I certainly can't answer for Ashraf, but wonder if you've seen this article that gives some indication of his thinking for the coming weeks. Please go to the "Intraday Market Thoughts" tab at the top of this page...and once on that page, click on the top post (Nov.6). In the article, "Ashraf Laidi Regains #1..." you'll see that "In the medium to long term, CMC expects some dollar strength..." Then go into the table below the article, entitled "Current Forecasts." There, in the first column, you'll see Ashraf's forecast (CMC Markets) for Euro/dollar. The Euro is now at 148.47. Ashraf forecasts that in one month (I assume from the beginning of November), it will be 1.46 -- so the dollar going up for roughly the next 3 weeks or more. Then: 3 months out: 1.49; 12 months: 1.56. Hope this helps. Good luck to you!