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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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forextrader
vologda, Russia
Posts: 127
15 years ago
Jul 31, 2009 11:41
GUNJACK
It is opposite way round a bad GDP is good for USD, and good GDP is good for risky currencies..
GBP, AUD are rallying since yesterday on expectation of good GDP.

I personally still positioned my self to long YEN and USD , because I think the rally GBP.AUD,CAD are all running out of steam and they all due for big correction.

Dima
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 31, 2009 9:59
Fellow posters how do you folks think eur/usd would react to todays advance gdp figs....I personally think a contraction of less that forecast (1.5%) would see a good short eurusd trade to 1.3930, while worse data 1.5% or more could see potential to 1.42...hope to hear other views?

thx
Gunjack
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 30, 2009 16:54
Raj, the short EUR trade sounds good, but im more of a fan shorting NZDUSD at the highs

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Jul 30, 2009 16:27
Ashraf,
I just book the EuroUsd long (1.4033)at 1.4080 and there i shorted the pair.Can I be bit aggressive in shorting the pair?Even short gold again at $936(holding previous short at $953 and $943).Always want to hear from you
Regards,
Rajib.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 29, 2009 15:20
steven, wait for 0.8110 first. then see.

Ashraf
Steven Blyth
London, UK
Posts: 148
15 years ago
Jul 29, 2009 14:59
Thanks for those targets Ashraf. What is your target for AUS/USD. Im currently short that to possible 8050 level.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 29, 2009 14:26
yes Steve. i had 1.4060 as a target but this looks to be heading towards 1.40

Ashraf
Steven Blyth
London, UK
Posts: 148
15 years ago
Jul 29, 2009 14:22
Looks like a possible and imminent breakdown of EUR/USD around the opening of American markets.
Forexwolf
Auckland, New Zealand
Posts: 39
15 years ago
Jul 29, 2009 11:58
There is not always corrolation between stocks and currencies. Sometimes SP500 & DJI will move up while EURUSD stillmove down. The market is tsometimes driven by other factors.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 29, 2009 10:34
Andrew, see euro at 1.58 by year end and markets a little lower from current levels with a change in the stocks- USD dynamics.

Ashraf
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