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by Ashraf Laidi
Posted: Mar 20, 2009 15:05
Comments: 54
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This thread was started in response to the Article:

Gauging the Turn in Dollar, Gold & Oil

The Fed's latest negative-dollar move is likely to last more than in previous occasions.
 
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waqar
Lahore, Pakistan
Posted Anonymously
16 years ago
Mar 24, 2009 17:28
Hi Ashraf

Great call on Nok,and brilliant calls overall.

Whats your medium term target for UsdNok and EurNok(and related to Nok any thoughts on where crude will meet serious resistance).And how do you see Nok reacting if theres a .5% cut tomorrow.

Thanks.
FL
GuangZhou, China
Posts: 14
16 years ago
Mar 24, 2009 16:52
Hi Ashraf,

How do you think USD/CAD Trend for 1 Month,Looked from the technology and the fundamental plane. 1.2200-50 Whether Effective support?

Thanks
Rob
New York, United States
Posts: 305
16 years ago
Mar 24, 2009 16:49
Hi Ashraf,

With JPY having lost a bit of its safe-haven status, what do you think about EUR/JPY - it seems to have tremendous support and has also had weekly gains for about 6 weeks. Any thoughts on good plays for this pair? Thanks
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 24, 2009 10:47
Shankar, going long AUD vs EUR is a decent strategy, which in fact i sent out to CMC clients yesterday. We may see some Aussie retracement after yesterday's big move, and it could take time for it to regain tractionn. Look into selling CAD today.

Ashraf
Shankar
Melbourne, Australia
Posted Anonymously
16 years ago
Mar 24, 2009 4:43
Ashraf, i have been reading your commentary since you were at forexnews.com site

I usually dollar cost average currenccies. AT the moment I am buying Aud against eur. do you think this is the right strategy. I have enough cushion for margin calls.
mikestiller
New York, United States
Posts: 9
16 years ago
Mar 24, 2009 0:36
thanks for the response. Also, what relationship do you link CRB related currencies such as CAD and AUD to global equity markets? Can these outperform in a vacuum of slumping equity markets? Thanks
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 23, 2009 14:08
Rob, Euro weakening after ECB's Weber said there's room for more rate cuts. we got to break above that key resistance of $1.3740. Use $1.3435 for your support fow now.. AUD and NZD doing much better, so you can hedge your euro long by shorting it against AUD. IFO sruvey from Germany on Wednesday will be important.

Ashraf
Rob
New York, United States
Posts: 305
16 years ago
Mar 23, 2009 13:56
Hi Ashraf,

Wow, the EUR/USD is getting crushed. Are you sticking with your targets in today's IMT of 1.3740 to 1.3810? Or have we seen renewed downside after breaking through many support levels? Thanks
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Mar 23, 2009 9:07
MIKESTILLER, yes that scenario is very possible indeed (USD falling more vs comms than against EUR and GBP). gold still seen at 1,100-1,200 before end of Q3.

RIM, I mentioned the yen in Friday's IMT. yen remains low yielding currency therefore normal for it to drop against most of currencies, but due to broad USD weakness, that offsets the weak yen story.

Best way to play USD weakness remains against AUD, NZD and NOK. Ive said this many times all over the webiste for teh past month and I continue to say it.

Ashraf
Rim
Turkey
Posted Anonymously
16 years ago
Mar 22, 2009 13:55
Hi Ashraf,
What is your comment on the weakness of Yen vs Dollar while dollar weak vs other curriencies?
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