Forum > View Topic (Article)
by Ashraf Laidi
Posted: Nov 10, 2009 16:34
Comments: 611
View Article
This thread was started in response to the Article:

Don't Forget the Yen

Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
 
1...343536373839404142434445464748...62
rkkashmir
Posted Anonymously
14 years ago
Jan 11, 2010 0:09
usd.jpy fighting and clawing to hold 91.20 support. Not looking good!
mohammad
amman, Jordan
Posts: 8
14 years ago
Jan 10, 2010 20:09
Voted for ashraf...
raulin
london, UK
Posts: 65
14 years ago
Jan 10, 2010 13:04
Looking at u/j charts again it is very interesting very bearish daily candle weeklies bullish and monthlies bearish...I can see u/j pulling back as far as 90.70 maybe most of that will have to come in Asia not sure but quite a few of yen crosses looking bearish which I am finding difficult to tie in with expected equity rally Mon but that is what I get from looking at charts except euro/jpy which as usual is a mess
alexforex
Florida, United States
Posts: 10
14 years ago
Jan 10, 2010 2:10
also just to clarify on Todd's current USD/JPY trade, it is a very short term contra-trend trade based on technicals and is not necessarily incompatible with Ashraf's outlook
raulin
london, UK
Posts: 65
14 years ago
Jan 9, 2010 18:36
Yes Ashraf I think you have it right on euro difficult to see it above 1.45 and 1.4170 reasonable target especially with falling equities but what are your feelings on yen? Asia still seems to be a buyer and with poor US jobs reinforcing that.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 9, 2010 18:17
raulin, the like of meredith whitney arent too hot for this earninsg season. 76 is downside support for USDX where the twin mov avgs are held 50 and 100. but i still need to see the 2--week MA of USDX at 79 equiv of 1.42 in eurusd

Ashraf
raulin
london, UK
Posts: 65
14 years ago
Jan 9, 2010 16:06
Ashraf on u/j I see 75.12 tops medium term next 1-3 months (I don't see US raising interest rates till Q3 at least but wonder if 72.20 will hold to downside (I can see possibly 71.50).If stocks rally on Mon as they have been tending to do, then do you expect yen to strengthen in Asia ie U/J DOWN and weaken in europe/US U/J UP until we see equities reverse possibly Wed onwards. I am looking at it closely with regard to gbpjpy which is at the 148.20 mark again below that number I am bearish but wonder how much further yen weakness will carry it up? I see 153 tops on it short to medium term and overall bearish.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 9, 2010 14:43
TG, you're very kind! thks.

Ashraf
TG
Singapore
Posts: 112
14 years ago
Jan 9, 2010 1:34
VOTE ASHRAF FOR THE SHORTY AWARD ON TWITER
---------------------------------------------------------------

Hey Guys,

PLEASE support our "man" for the shorty award on Twitter, LETS Get him up there... this is our small contribution for his invaluable advice all this time !

Those who dont have Twitter pse try to start an account and vote for ASHRAF
TG
Singapore
Posts: 112
14 years ago
Jan 9, 2010 1:33
Hi there Mr Ashraf and decent forumers,

Our in-house lunatic is back... who is such a low life trying to disguise himself as someone else.

Mr Ashraf has been calling for Gold to go to 1070 when Gold was at it highest 1230, and from that high point Gold has drifted back down to 1080... is already very respectable.... it has since gone up... but are expecting another retracement down... so what is wrong with that.... this is just one eg.

Mr Ashraf please, please, Block this lunatic... who is just plain disruptive.....
Report Reply
1...343536373839404142434445464748...62