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by Ashraf Laidi
Posted: Nov 24, 2008 3:56
Comments: 677
View Analytic
This thread was started in response to the Analytic:

EUR Trade Index 18-Year Chart

Daily EURO chart of 18 years of cyclical developments in finance & politics
 
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Gunjack
London, UK
Posts: 1184
15 years ago
Jul 31, 2009 16:51
volatility in eurusd has made it a great option play today
Jmx
Singapore
Posts: 44
15 years ago
Jul 31, 2009 16:15
ashraf,

Thanks for the reply today is just anotmy day as i had long pound but got stop out and when in short cad and got stuck :p now hopefully pound the break the 1.66 lvl if not things will be quite bad.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 31, 2009 16:09
jmx, i dont like the way equities are quickly lacking momentum. And the fundamentals of CAD are weak so i would hold on to CAD shorts.

Ashraf
Jmx
Singapore
Posts: 44
15 years ago
Jul 31, 2009 15:26
Ashraf,
do u still see usd/cad at 1.0890??? Asit seen to be up of steam. and the USD weaken all over the board. wondering to cut lost or hold.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 31, 2009 14:59
amg, i see it capped at 1.4170. id rather play GBPUSD on the downside.

Ashraf
amg
Oklahoma, United States
Posts: 38
15 years ago
Jul 31, 2009 14:25
Ashraf, what is you view on the eur/usd for the short-term considering the new data that just came out.

Thanks,

Adalid
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 31, 2009 12:53
@Forextrader I agree with you if risk is what is driving price action in currencies. Now I think it is in ccys like CAD, AUD and NZD, but Im not convinced that it drives PA in eurusd...obviously I could be massively wrong...hence have initiated a eurusd straddle in case of vol after gdp data is released...lets all pray for volatility this afternoon :)

Gunjack
mo
liverpool, UK
Posts: 123
15 years ago
Jul 31, 2009 12:52
Hi all

I think regardless what the GDP number -above or below -1.5- the USD will rally today against all currencies except the Yen.
A good GDP number is already priced in,, so of worse than expect number come out then the selling will be very aggressive.
Jmx
Singapore
Posts: 44
15 years ago
Jul 31, 2009 12:40
Opps srry i mean less then -2% not more then :p
Jmx
Singapore
Posts: 44
15 years ago
Jul 31, 2009 12:39
Hi Jack,

For me if the GDP data is more then -2%, the euro and the rest is going up anything worst then that will result in the opposite direction. Cos the sentinement tha I am looking at is everyone seen to be ignoring bad news and unless this data is prove to be very worst then It is going to be bad....
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