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by Ashraf Laidi
Posted: Jun 24, 2009 14:06
Comments: 182
View Hot-Chart
This thread was started in response to the Hot-Chart:

USDJPY 4-week Cycles

 
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forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 25, 2009 23:34
Hey Rob, JT
On a day where the Brazil Bovespa ended up 3.71% , S&P 2.14% and oil 2% up,.
the CAD ended up flat , that tells you every thing about the market sentiment towards the CAD.

I am bearish CAD, expect 1.18-1.19 soon.
Rob
New York, United States
Posts: 305
15 years ago
Jun 25, 2009 22:58
JT,

Seems this bill would most likely hurt (non-green) energy and oil companies, and the price of oil.

Therefore, CAD would probably suffer the most. My guess is that it will have little impact though. Seems like most news in the FX markets comes and goes in a day or two even if it even does have an impact.

Any other thoughts from anyone?
jt
United States
Posts: 15
15 years ago
Jun 25, 2009 19:06
Ashraf,

How will the proposed CAP and Trade bill impact the currency market...

If passed or not passed

JT
Gunjack
London, UK
Posts: 1184
15 years ago
Jun 25, 2009 18:52
@JT thats a good point. I was thinking the same....Ashraf what would be a good dip to get into long USDCAD trade? I'm seeing the sept fut at 1.1578 at IG

Thx
Gunjack
jt
United States
Posts: 15
15 years ago
Jun 25, 2009 17:29
Ashraf,

I read you see cad support at 1.1510.. What is a good dip range to buy into for a target of 1.17+

CAD is trading in the 1.1580's right now..

Equities and Oil all have moved up on the Central Banks moves.. any additional thoughts..

Currencies seem quiet..

JT
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 25, 2009 17:19
Spec, thers a link for my book in this website. big banner (you cant miss it).

thks Rob

jt, too volatile now, but still looking to see usdjpy on the bounce and buy usdcad on dips for that 1.1720

Ashraf
jt
United States
Posts: 15
15 years ago
Jun 25, 2009 16:48
Ashraf,

Thanks!!! I will do a better job to keep up with all your observations.. .

Thoughts on the markets as we head into July 4th weekend next week..

JT
Rob
New York, United States
Posts: 305
15 years ago
Jun 25, 2009 16:40
Speculator -

Cheapest on Amazon and then you can give it rave reviews!
speculator
Posted Anonymously
15 years ago
Jun 25, 2009 16:39
ashraf, how do i buy your book.
Ashraf Laidi
UK
Posted Anonymously
15 years ago
Jun 25, 2009 16:33
JT, Qin,

Oil and stocks usually rise andf fall in tandem. thats the way it's been for a while now. due to appetite. but since oil is rising DUE to attacks on nigerian pipes, it is deemed as unnatural. so is only SLOWING THE PACE of the rally in USDCAD. see my previous IMT on USDCAD. 1.10 is too far. look at the DAILY channel in USDCAD extending from the early June and it tells you support stands at 1.1350s not 1.10. i mentioned this channel about 5 times this week. Top of channel at 1.1715-20 but firts need to break 1.1645 which i mentioned all over this site as well in latest IMT

Ashraf
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