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by Ashraf Laidi
Posted: Apr 15, 2009 16:14
Comments: 40
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This thread was started in response to the Article:

Selective Carry Trades in FX/Equities

Currency selection becomes more relevant on evolving risk appetite.
 
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Rob
New York, United States
Posts: 305
15 years ago
Apr 22, 2009 22:01
Thanks so much Ashraf, one more question if you don't mind. I'm short CAD/JPY as per your early IMT. Is that IMT regarding CAD/JPY still in effect for 77.70? You mentioned USD/CAD in your latest IMT for a trade before the "rendez-vous." My presumption is that CAD will fall across the board and especially against JPY, would you agree. Thanks as always!
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 22, 2009 20:33
Rob, better to stay nimble in this market and take your profits and run. 1.45 is a good place to do that. What as $1.47 yesterday will likely be be $1.4630-60 today. Will be hard to break below $1.4380, but a bad Asian session today could make that happen. And Friday we have GDP and UK retail sales in the UK

I dont foresee a sharp selloff in equities until end of April. until then stocks to remain consolidated, or probably add 2-3% from Friday's highs.

Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Apr 22, 2009 17:54
FOREX WIZARD at it again! Thanks Ashraf!!! GBP/USD dropped like a fly! I usually get out and take profits when I see them - perhaps we're in for a long leg down and better to hold though...
I'm not sure what defines a rally, but would you say that we've hit the highs of the DOW and S&P for this bear market rally and it's relatively safe to go with the risk aversion currencies and hold them for a while, generally speaking? Or do you think we have to wait out the 2-month cycle (another 2 weeks) you mentioned in your article "here comes the 2-month rally." Thanks for everything!
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 22, 2009 14:29
Smail, USDSEK could drop towards 8.37, but will hold at that level as long as stocks fail to regain the highs of last week. Bias remains in favour of USDSEK remaining supported

Ashraf
Ismail
Baku, Azerbaijan
Posted Anonymously
15 years ago
Apr 22, 2009 12:45
Ahsraf, what's your view (s-t and l-t) re: SEK? Thx
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 22, 2009 11:43
Pipples, technically, GBPAUD looks like it can recover above 2.10 but resistance seems quite strong at 2.13.

Ashraf
Pipples
Yorkshire, UK
Posts: 34
15 years ago
Apr 22, 2009 8:02
Thanks Ashraf. Reckon will head over 2.1 GBPAUD again?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 21, 2009 17:41
Hamish, the main reason to the reveral is that stocks went up from their selloff in Europe. Technically, i still target 1.2660s in usdcad by week's end.

Ashraf
hamish
vancouver, Canada
Posts: 26
15 years ago
Apr 21, 2009 17:37
No sooner had you published your intraday thought usdcad/cadjpy both pairs had a very substancial reversal. Any reason? Presume though, you are still targetting 1.265 & 78.28?


Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 21, 2009 14:51
Pipples, favorite currency going forward is AUD, followed by GBP then CAD.

Ashraf
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