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by Ashraf Laidi
Posted: Aug 21, 2008 1:37
Comments: 525
View Analytic
This thread was started in response to the Analytic:

Speculators' Futures FX Positions

The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
 
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Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 13, 2009 13:14
Hey, Ashraf
As your prediction on EUR/USD 1.57.....would you like to give us more information and advice about buy dip on the pare, instead of talking about risk aversion and long USD, short others...
Since beginning of Jun, you have been keeping talk about rish aversion for 2 months, but USD made its new lows......It really made me a little confuse about your long term prediction.

Because I think if EUR/USD is going to reach 1.57 as your prediction, it will be much more profitable to long on dips on the pare.
I don't know anyone's trading style here, but personally, I prefer to focus on long term more then trading on short term to against the long term trend. Because I will get sleeping problem.....haha....

Best regards
Qin
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 13, 2009 12:35
Hey, Ashraf
I think I will hold my positions through the end of this year, everytime USD rally should be a good chance to short USD......haha....at least for me.....

NOK will be the best proformer!!! I just fall in love with it!!! haha


Best regards
Qin
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 13, 2009 11:56
No change from my year-end forecast for $1.57 in EURUSD and $1.64 in GBPUSD

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 13, 2009 11:06
Hey, everyone
Will banks cut their forecast on USD again??? last time EUR/USD from 1.2 to 1.3......I think they will raise the forecast again soon.....

Barclays was right.....eur/usd 1.5 this year.....I believe David Woo !!!! GBP/USD 1.8!!!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 13, 2009 10:48
Hey, speculator

Yes!!! USD is still keep its downside....many of you are bullish on USD last week....it makes sense that USD still has more room to go down by the end of this year.

Good luck!
speculator
Posted Anonymously
15 years ago
Aug 13, 2009 10:35
dollar depreciation still correlated to risk trades
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 13, 2009 10:34
Hey, Ashraf
You said that you are bullish on USD in medium term, so maybe it is a short term reverse.

Holding my position into US time, hope everything will keep moving like this into weekend.


Good luck!!
Steven Blyth
London, UK
Posts: 148
15 years ago
Aug 13, 2009 9:38
I'm holding back on pulling the trigger on the risk aversion shorts just yet. Things are going up. Im going to nibble on a AUSUSD long for a bit. Seems the safe play at least long term.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 13, 2009 8:09
Hey,
The GDP number in Germany and France was surprisely good.
I wondering maybe EURO zone will recovery faster than USA, and EURO ZONE will be faster to do the exit strategy and faster to rise the interest rate than USA.

THE banks in USA still in the problem?? Second stumilate pack next year in USA??

Best regards
Qin
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 13, 2009 1:31
Hey, Ashraf
Thank you for the advice.
I decided to hold my positions for a while, and move the stop to the break even.
Hope the Asian time will have more action....

Best regards
Qin
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