Forum > View Topic (Hot-Chart)

by Ashraf Laidi
Posted: Apr 9, 2009 13:43
Comments: 9
View Hot-Chart

This thread was started in response to the Hot-Chart:

EURCHF Still has Legs

glory

Singapore, Singapore

Posts: 10

15 years ago

Apr 14, 2009 1:20

Hi Ashraf,

Tks

Ashraf Laidi

London, UK

Posts: 0

15 years ago

Apr 13, 2009 18:06

Glory, it depends on your margin utilization. If you're using more than 30 or 40% of your margin then you may want to start scaling down or exiting all together. But like I said, SNB has shown strong opposition to rising CHF. so they may draw line in the sand around 1.50.

Ashraf

glory

Singapore

Posted Anonymously

15 years ago

Apr 13, 2009 16:27

My entry point was at 1.5250 and still holding. Did not place any stops. Intention long. Whats your advice on this?

Ashraf Laidi

London, UK

Posts: 0

15 years ago

Apr 13, 2009 15:24

Glory, the attempt to break 1.53 was a failure. But id rather remain bearish CHF as the Swiss National Bank has repeatedly threatened it would start selling its currency again. Im not sure where your stops are and how's your acct margin requirement, but I see support at 1.50 (50% retracement). Consider today's HotChart of selling NZDJPY.

Ashraf

glory

Singapore, Singapore

Posts: 10

15 years ago

Apr 13, 2009 14:24

Hi Ashraf,

I have been monitoring EURCHF since april 9th but it does not seems to break to 1.53. Today it went below 1.52. Does your Hot Chart on EURCHF still stands? Do we excpect to see a reversal to 1.53 from current level?

Ashraf Laidi

London, UK

Posts: 0

15 years ago

Apr 12, 2009 13:07

Andrew, my website has the charts on speculators' positioning (net long/shorts) on the Analytics section
http://www.ashraflaidi.com/charts/speculators-futures-fx-positions.asp

The fundamentals for FX carry trades were coming back as stocks rallied over the last 4 weeks. But be careful as this may change for yen positions in the event that stocks fail to rally beyond current levels.

Ashraf

hkboss

hong kong, Hong Kong

Posts: 1

15 years ago

Apr 12, 2009 8:13

Dear Ashraf,

I have read your chapter 5 of your book.
Can you introduce which website can show updated net long/short position of each currency in
chicago merchantile exchange IMM?

are the fundamentals of carry trades coming back shortly?

do you expect copper price to peak or Aussie to break above 0.72 this coming week?

thanks
Andrew

Ashraf Laidi

London, UK

Posts: 0

15 years ago

Apr 9, 2009 17:24

Houram, yes, euro is falling across the board for no particular reason. EURGBP collpased due to Barclays successful sale of IShares, which is dragging euro across the board.. it;s even falling vs CHF. Id call this heavy selling ahead of the 2-day weekendmore than anything.

Ashraf

houram

Vancouver, Canada

Posts: 55

15 years ago

Apr 9, 2009 17:03

Hi Ashraf,
The unemployment rate in Canada has reached 8% but EUR-CAD has dropped to 1.6135. Is there a specific reason for that?
Thanks
Houram

Report Reply