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by Ashraf Laidi
Posted: Aug 21, 2008 1:37
Comments: 525
View Analytic
This thread was started in response to the Analytic:

Speculators' Futures FX Positions

The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
 
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speculator
Posted Anonymously
14 years ago
Nov 12, 2009 20:10
its interesting that bloomberg believes sterling bearishness remains at an extreme high since march levels and speculators are net short of cable. This COULD pave the way for a huge rally in cable on a contrarian basis. However this will be negated should equities pull back over the next few months.

I would still look at the dollar index for a view on sterling. Should we convincingly break below 75 I would go long cable, if not I would stay sidelined, possibly short with tight stops.
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Nov 12, 2009 19:39
GBP has solid support at 1.6515 - no. of potential breaks today failed at that point. I am not sure we will see 1.6480 unless S&P breaches 1085.
EUR and AUD have had big down days unlike GBP.
hamish
Posted Anonymously
14 years ago
Nov 12, 2009 19:07
last hour cable travelling fast North, any news? Or is it SP retracing A couple points?
speculator
Posted Anonymously
14 years ago
Nov 12, 2009 19:01
off the subject...but amazing how YET AGAIN a solid breach below 75 on dollar index was declined this is a major support for the dollar.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 12, 2009 18:44
bojan, how about the REVERSE H&S in EURUSD? 1.4820 = right shoulder support.

Ashraf
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Nov 12, 2009 18:30
Bojan, good call on the H&S - based on that the downside could be limited on EURUSD at 1.850 ? lets watch
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 12, 2009 16:40
Maria, watch that NZD falling against USD and JPY. look for 65.70

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 12, 2009 16:11
Maria, rising USDJPY does not have much to do with NZDJPY because part of the USD rebound was related to US policymakers talking it up. Negtve NZD data and JPY robustness will keep kiwiyen capped below 67. look at daily charts and how it forms lower highs.

Ashraf
Maria
Juarez, Mexico
Posted Anonymously
14 years ago
Nov 12, 2009 16:02
Hi Ashraf: I got your book today in mail. I confused and try to understand something this morning that not make sense.......since JPY is getting weaker against USD this morning (weaker by 90 pips). My question is: Does that mean NZDJPY will now go up too, no?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 12, 2009 12:44
bojan, agreed.

bindu, i dont undersrtand what you said about EURJPY but if you see the EURJPY CHART IN MY WEEKLY ARTICLE, i said eurojpy will fail 135.50s. so not sure why you decided to buy at 134.80.

Ashraf
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