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Posts by "rob"

366 Posts Total by "rob":
333 Posts by member
Rob
(New York, United States)
33 Posts by Anonymous "rob":
Rob
New York, United States
Posts: 305
15 years ago
Apr 29, 2009 20:49
VOTE:Below $1.41

If past performance is any predictor of future performance... During the March lows in US stocks the Pound traded under 1.38 - even if stocks don't fall as much as the March lows, it should still go under 1.41 - I think the UK's credit rating will be key!
I'll leave the technical analysis to you techies - Good luck everyone
Rob
New York, United States
Posts: 305
15 years ago
Apr 29, 2009 20:26
Forum sounds great - but you know we all want your views :) - I'm sure you're do for a break, though.

Wow, NZD/JPY and GBP/JPY already dropping like you said! thanks for all

Rob
New York, United States
Posts: 305
15 years ago
Apr 29, 2009 19:57
Hey Ashraf,

In your latest IMT, you said GBP/USD going down - why so with risk appetite and equities still in full gear, along with Asian stocks most likely rising after US? I would suspect like any other risk currency that it goes up. I know it's ready for a pullback considering the UK fundamentals, but I would think that wouldn't occur until sell-off in equities next week/month -
Also, your thoughts on gold would be most appreciated as well.
Thanks
Rob
New York, United States
Posts: 305
15 years ago
Apr 29, 2009 3:37
Hey Ashraf,

I appreciate your latest article and "clarifying the conclusions" in your IMT, I just haven't figured out bonds yet - which pair do you think will move the most on tomorrow's Fed announcement (up or down, unless of course you have an idea already) - EUR/USD, etc. - and will silver follow gold if they announce more purchases? I noticed it broke a little below the 12.6 support, still eyeing 13.85? thanks a lot Ashraf!
Rob
New York, United States
Posts: 305
15 years ago
Apr 27, 2009 22:17
Also, if they decide NOT to declare an emergency pandemic, couldn't that spur significant rise in risk appetite, with equities rising and the USD tanking?





Rob
New York, United States
Posts: 305
15 years ago
Apr 27, 2009 22:06
Hey Ashraf,

Obviously the technicals are in line for another drop in equities. What about the fundamentals? With economists saying that the worst quarter was the 1st, what would prompt such a sell-off? Other than the Swine flu, because the technicals were certainly in line before the mention of that, what do you see fundamentally? Also, do you have a target for SDS? Thanks Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Apr 23, 2009 23:16
In Thread: USDCAD vs S&P500
Great chart - looks like equities knocked out risk aversion once again. Fortunately I had bought gold and it helped as a hedge against shorting CAD/JPY. The end of next week should mark the end of the 2-month bear rally and perhaps spur risk aversion again. Looks like going long with risk appetite might be overbought for now. Looking forward to more daily updates. Thanks for your help.
Rob
New York, United States
Posts: 305
15 years ago
Apr 22, 2009 22:01
Thanks so much Ashraf, one more question if you don't mind. I'm short CAD/JPY as per your early IMT. Is that IMT regarding CAD/JPY still in effect for 77.70? You mentioned USD/CAD in your latest IMT for a trade before the "rendez-vous." My presumption is that CAD will fall across the board and especially against JPY, would you agree. Thanks as always!
Rob
New York, United States
Posts: 305
15 years ago
Apr 22, 2009 17:54
FOREX WIZARD at it again! Thanks Ashraf!!! GBP/USD dropped like a fly! I usually get out and take profits when I see them - perhaps we're in for a long leg down and better to hold though...
I'm not sure what defines a rally, but would you say that we've hit the highs of the DOW and S&P for this bear market rally and it's relatively safe to go with the risk aversion currencies and hold them for a while, generally speaking? Or do you think we have to wait out the 2-month cycle (another 2 weeks) you mentioned in your article "here comes the 2-month rally." Thanks for everything!
Rob
New York, United States
Posts: 305
15 years ago
Apr 21, 2009 17:17
By the way, I guess you think the UK numbers will be more important in driving down GBP/USD than being concerned with equities going up and driving GBP/USD up. It broke through the 1.4670 resistance and past 1.4700, as you know - do you feel the technicals have changed because of that? Thanks again