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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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redstone
UK
Posts: 25
15 years ago
Aug 6, 2009 17:23
Thanks Ashraf my target was AUD/USD 0.90 by Dec with cable then at 1.55 then buy GPB. Is this reasonable ?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 6, 2009 16:39
restone, they probably see a temporary pullback in Aussie as result of global risk aversion rather than anything particularly negative on Australia. Cable will only intensify losses towards 1.50 on QE grounds if we see a serious aversion to risk. GBP traders ALSO WATCH RBS earnings tomorrow.

Ashraf
redstone
UK
Posts: 25
15 years ago
Aug 6, 2009 16:26
Hi Ashraf. Shares magazine now saying short the Aussie. Why ? I mean the Brits are increasing quantitive easing so I would rather short Sterling. Your thoughts much appreciated.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 6, 2009 15:56
Hey,
sorry for the mistake.

My position is long USD/SEK ........
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 6, 2009 15:53
Hey, Ashraf
Thank you for the advice once again.

Recently I moved my CAD account into EUR, because I have tired to listen Bank of Canada's talking show.
And I opened a new account which is base on NOK. Hope Norgren Bank will keep its mouth shut.

I am very sure that CAD needs pull back. I just short USD/SEK a few hours ago, because I had a argument with my bank this morning. I hate Swedbank now, they charged me $300 USD just for a simple transaction.

Best regards
Qin
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 6, 2009 15:11
Qin, USD is hard to be sold at these lows. USDCAD could well regain 1.08 as early as tomorrow. Watch Oil falling below 70. Follow my tweets.

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 6, 2009 14:31
Hey, Ashraf
Thank you for the advice, I don't have USD/CAD position this time. I have EUR/USD positions, and just closed half of it this morning.

I am waiting for the profits taking season now, then I will short USD/NOK, USD/ZAR and long AUD/USD again.

Best regards
Qin
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 6, 2009 14:13
Qin, glad you're positions are turning in the green. Keep it up. but i recommend soem hedging. Check out the Peter Ruud's blog on the dollar index in the Blogs Section.

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 6, 2009 13:49
Hey, speculator
All my positions are in the green now. Just because I short USD, I don't need any hedge right now.

By the way......central bankers will reduce USD holding in long term.....you shouldn't encourage people long USD in medium term, unless USD become extremely cheap.

Good luck.
speculator
Posted Anonymously
15 years ago
Aug 6, 2009 10:51
qin,

the dollar has been questioned for quite some time now it is nothing new. but i agree bearish pound.

a good dollar hedge will be buying israeli shekels now for medium term sell. do some research.
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