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by Ashraf Laidi
Posted: Oct 10, 2008 15:44
Comments: 4
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FX Performance Since the Storm

The charts show the performance of major currencies as measured against gold and each other, since September 2-- two weeks before the makets' plunge.
 
   
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Ashraf Laidi
London, UK
Posts: 0
16 years ago
Oct 14, 2008 23:25
Steve, I mentioned the falling yen crosses in the latest headline (3pm EST). you can consider hedging against these longs by being short NZDJPY and USDJPY. Looks like GBPJPY will test 176 yen and cable targets $1.73. This is a very volatile market. Better to have money on both sides of the carry trades. Either what I mentioned above, or go long AUDJPY, GBPJPY, NZDUSD and short GBPUSD and USDJPY. The latter pair is best to short as the 103 resistance still holds.
Steve
New York, United States
Posted Anonymously
16 years ago
Oct 14, 2008 21:10
Please update your e-mail this morning - 9/14/08 - Tuesday, you said GBP/JPY, GBP/USD will be up, now they are down big, what should it may, up or down. Thanks. Your advise ASAP. Now time is 10/14/08 - Tuesday 4 p.m.

I need to cut loss if gbp/usd, gbp/jpy keep going down.
uner
ankara, Turkey
Posted Anonymously
16 years ago
Oct 14, 2008 9:34
A very useful analysis. thank you very much.
Nick E.
United States
Posted Anonymously
16 years ago
Oct 12, 2008 7:26
Keep the good stuff coming Ashraf...
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