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by Ashraf Laidi
Posted: Nov 27, 2009 16:51
Comments: 404
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This thread was started in response to the Article:

Gold & Yen's Perfect Desert Storm

Yen strength still eclipsing USD rebounds during risk aversion. while gold's ascent is better gauged against currencies other than the US dollar.
 
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PippedOff
Canada
Posted Anonymously
14 years ago
Jan 18, 2010 14:36
usd/cad and usd/chf show slight bounce after yet another near false breakout in both pairs suckered fresh longs in. only to experience the usual immediate meltdown.

What has happened to the Cable Cartel? They seem to be holding an aussie party now, goosing aussie 0.9275, 100 pips higher than earlier in the day in Asian trade.

Cable Cartel continuing to REFUSE to allow cable south of 1.6300 for fear cable bears may cease control.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 18, 2010 14:19
Love the games Japanese officials are doing with usd/jpy.

One week one calls for 95.00, and now today another calls for 85.00.

usd/jpy trades of the U.S. 10 year rates when it is not being jawboned one way or the other by Japanese Officials.
radu
bucharest, Romania
Posts: 203
14 years ago
Jan 18, 2010 13:32


Hi Vik ,

Thanks a lot for the your help , i just start to study what"s in there

Thanks
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Jan 18, 2010 13:02
Radu

Have a read of this - it should help you understand the reports and possible use of them - remember the data is computed on tuesday every week but published on friday - so there is a time lag which has implications on how you interpret them.
http://investopedia.com/articles/forex/05/COTreport.asp?partner=ntu9


cheers
vik
radu
bucharest, Romania
Posts: 203
14 years ago
Jan 18, 2010 12:42


Hi guys ,

Did someone take a look to Ashraf"shttp://www.ashraflaidi.com/ charts/ speculators-futures-fx-positions.asp andhttp://chart.ly/extzaz ?

I am not sure if i really understand : obvious the yellow line (in the case of usd/jpy ) is the price line and those bars are ( i think ) the volume ( the amount ) of the contracts...but i don"t really understand what are the open interest , how many contracts are long or short and what mean the amount when it is under 0 value ...

Can someone enlighten , please ?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 18, 2010 11:58
Sorry, last message was @PippedOff, not Said.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 18, 2010 11:57
@Said: Cable: Well, goodish bearish pin(-ish) bar on 10:00 1H chart, followed by bearish bar.
May only be meaningful in the short-term (pullback), but still...
Agreed though that the 1.3630/40 resistance was looking threatened, and may still be.

Don't know about "dead in its tracks", but it may be walking wounded.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 18, 2010 10:14
Ashraf-gbp/usd decimated the 1.3630/40 resistance though the Cable Cartel's constant offering of eur/gbp.

USD rally is dead in it's tracks.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 17, 2010 18:16
rim, coolfin and everyone,

USDX had a sold end to a decent week but 77.80 is now the required resistance.

GBPUSD respected that much repeated trend line of 1.6340s and now look for a prelim target of 1.6180.

EURUSD did the inverse of the USDX above and 1.4280 is the 200day MA that everyone is looking for.

Ashraf
said
mulhouse, France
Posts: 2822
14 years ago
Jan 16, 2010 18:59
good for bad bank to have a strong euro
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