Forum > View Topic (Analytic)
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.
 
mo
liverpool, UK
Posts: 123
12 years ago
Jul 31, 2009 16:37
Hello Ashraf
What is your next week outlook in GBP/USD?

thanks
speculator
Posted Anonymously
12 years ago
Jul 30, 2009 16:22
look at oil prices better correlation
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jul 30, 2009 15:58
mo, yes very good point. FX once again lacking confidence in this equity run. i told raj yesterday if EUR breaks below 1.4020 it will face resistance at 1.4080. End of Q3 EURUSD seen around 1.38.

Ashraf
mo
liverpool, UK
Posts: 123
12 years ago
Jul 30, 2009 15:30
Hello Ashraf
On day where the s&p500 almost reached 1000, the Euro still cant find buyers. Is the correlation between stocks and Euro has been broken down.

Ashraf what is your end of 3rd quarter forecast for the GBP/USD and Euro/USD?
thanks
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jul 30, 2009 14:09
spec, i lowered my cable year-end forecast to 1.70 from 1.75

Ashraf
speculator
Posted Anonymously
12 years ago
Jul 30, 2009 12:50
obviously banks use different techniques like technical or fundamental or bit of both. otherwise if they use one method the variances of estimates would be less.

ashraf do still stand by your $1.75/ this year?
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jul 30, 2009 9:28
spec, im asking you. when you tell us a bank says a curency is going up or down, give us a value. it''s not enough to say this bank is reversing its call etcc.

raj, in order for USDX to reach 82. EURUSD will have to fall by about 400 pips, which is just below the key 1.37 support and that in my view has a probability of less than 30%.

Hamish Wolf, thats what makes a market.

Ashraf
Forexwolf
New Zealand
Posted Anonymously
12 years ago
Jul 30, 2009 9:01
Hamsh, USB had that figure of 1.3 in 3 months on their books fo the past 3 months. I will not take that as an indication of anything. With the US in deeeep debt, I cannot see how they can be supported to that level.
hamish
vancouver, Canada
Posts: 26
12 years ago
Jul 30, 2009 6:44
EURUSD......UBS 3m forecast 1.30 Ashraf yearend 1.57 Quite a spread!!!
14raj
Kolkata, India
Posts: 210
12 years ago
Jul 30, 2009 1:10
Ashraf,
is it possible for Dollar Index to touch 82 range in this corrective bounce?
Regards,
Rajib.