Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Aug 14, 2009 10:23
Comments: 203
View Hot-Chart
This thread was started in response to the Hot-Chart:

USDJPY Cyclical Peaks

 
123456789101112...21
John
London, UK
Posted Anonymously
15 years ago
Sep 22, 2009 16:49
Ashraf - do you see JPY as a major safe haven currency now in the event of a bust-up in the markets? Or will the USD remain the first choice?

John
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 21, 2009 17:22
Said, yes, i think 1.66 is highly plausible when it becomes a broad-GBP negative theme.

Stone, USD was gaining vs all currencies because of falling European stocks and gold's retreat below 1000. Dow futures were also negative and people sought to cut their USD shorts aheaf of a very busy week. FOMC Wednesday.

Ashraf
redstone
bristol, UK
Posted Anonymously
15 years ago
Sep 21, 2009 11:25
USD pushing upwards against all currencies, anybody know why ?
said
mulhouse, France
Posts: 2822
15 years ago
Sep 21, 2009 10:16
ashraf
do u think the gbpchf wil touch 1.6602 before bouncing back due to market intervention.
speculator
Posted Anonymously
15 years ago
Sep 21, 2009 7:36
FX, sorry I dont study that pair.
FXHandler
Norway
Posts: 195
15 years ago
Sep 20, 2009 22:02
Spec,
just wondering.. Where do you see JPY/NOK go now and untill next year?

best regards
speculator
Posted Anonymously
15 years ago
Sep 20, 2009 16:23
*but a buyer
speculator
Posted Anonymously
15 years ago
Sep 20, 2009 16:22
redstone, having said that bullishness around stocks and bearishness around dollar remains at extreme levels normally implying a reversal. Therefore whilst we can expect a pullback it should be only minor unless some major unexpected negative shock comes about.

i personally would not be a buyer of stocks at current levels. currently the federal reserve is controlling the risk markets by their actions. Lets see what fed does in octover with is QE measures as this is HIGHLY influencial.

the dollar is pretty short out there which could cause short coverings rapidly pushing the dollar higher! I would not like to be a seller of the dollar at current levels buy a buyer.
redstone
bristol, UK
Posted Anonymously
15 years ago
Sep 20, 2009 16:06
Thanx Ashraf. Spec is probably right with a 5% retracement. End of Oct early Nov would be my reckoning. Would GPB/JPY 140 be attainable then do you think ?
speculator
Posted Anonymously
15 years ago
Sep 19, 2009 18:59
Ashraf what is your thinking behind equities falling?why should they fall for now? valuations will not justify falls. but my wost case scenario for equities is very minor pullback say 5%

i also said that equities will not follow september history and they have not so far. i think we need to forget history sometimes and realise that this recession is different to the great depression and other recessions. it is a market that is prone to speculative bubbles of all sorts that will not break easily.

having said that, the fed will change the direction of equities by change of its monetary policy. if there is no more QE this year stocks may not have much higher to go but that does not warrant a large pullback.
Report Reply
123456789101112...21