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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
Ashraf, do you have any revised outlook in term of what levels you see USDX in coming months?
Asad
Q. do you still think we are on for eurusd 1.32? now the greeks seem to be stabilising the uncertainty is fast evaporating. how far do you think this retracement will go before you concede a full reversal?
http://www.nytimes.com/2010/04/09/business/global/09yuan.html?bl
basically, if anything, China will do a small revaluation of about 2.0% (as in Jul 2005) which could be interpreted as positive for commodities. But commodity impact depends on whether PBOC will raise rates.
Ashraf
Ashraf, being the humble that he is, didn't post this on all threads...so I'll volunteer.
And you guys thought Ashraf Laidi was good at inter-market analysis!
http://www.youtube.com/watch?v=bS9B3i3vaMY
Asad
I think EUR/USD and Cable dropped for a bit also.
I'm not worried about Euro and Cable, but as for gold, well, to use a phrase that Catnip and Xaron would recognise: "Das weiss der Cuckoo" ("it's anybody's guess" basically :-) ).