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Posts by "steven blyth"
147 Posts Total by "steven blyth":
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Posts by Anonymous "steven blyth":
Not sure if the USD will reach parity to EUR as USD is in a long term structural downtrend though i guess one can never say never.
Xaron you could be right. I wonder if AUD could ever reach its much anticipated parity to dollar in Q1?
Golds a tricky one. Some say theres a bubble forming in precious metals and now may not be the time to invest in gold. RBS says the rally is unsustainable. On the other hand gold is becoming popular amongst reserve banks and Dennis Gartman is bullish. Some traders i am following are buying it at these levels though you can expect gold to have a multi-month consolidation. If you want to follow gold i'd recommend subscribing to Chris at www.thegoldandoilguy.com. I know Ashraf recommends him also.
Im watching for a USD consolidation begining 2010 or when USDJPY nails 93 around which there could be a meaningfull pullback with which you may consider adding to your USDJPY longs. From what ive read / heard EURUSD is likely to head further south during the year with fair value considered at 135 to the USD though i wouldn't know if 135 is an actual 2010 end of year forecast.(Ashraf is the expert.) GBP and EUR could sink by as much as 20% against the USD. (not my words)
Steven
Ashraf i'd second Apaches question and ask if you still see this hitting higher (maybe even parity) in the first quarter?
Thanks in advance.
Steven