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by Ashraf Laidi
Posted: May 20, 2009 20:02
Comments: 87
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This thread was started in response to the Article:

Dollar Slashed as Fed Goes Shopping

Fed's latest bond buybacks triggers fresh dollar damage, while VIX downside does not spell out the end of equity selling.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 27, 2009 20:51
yen remains a buy vs USD. nuclear crisis in Asia hurts the biggest econ in Asia i.e. Japan. yen is the ONLY major currency being traded out of that region. As i said on Monday, all past problems with nkorea (fishing boats, nuclear etcc) were ALWAYS YEN NEGATIVE.

Ashraf
MNSCAP
United States
Posts: 1
15 years ago
May 27, 2009 20:50
Ashraf, What are your thoughts on the 2 to 10 yr yield curve and what its signaling?
jj
New Jersey, United States
Posts: 22
15 years ago
May 27, 2009 20:26
what effect does this n.k. stuff have on yen ? will it fall as per head and shoulders ?
Rob
New York, United States
Posts: 305
15 years ago
May 27, 2009 20:23
Hmmm, maybe deep equity selling will revive the USD? Looks that way now!
Rob
New York, United States
Posts: 305
15 years ago
May 27, 2009 19:42
Hi Ashraf,
Would you agree that GBP/JPY is following GBP/USD? Or do people simply not want to go long on JPY? Even with a 100+ drop in Dow, GBP/JPY held up just fine - normally we'd see about a 100 pip drop. Any thoughts on the JPY and targets for GBP/JPY would be appreciated. Do we still need to see how this "game-changer" is playing out, or is it pretty clear that people are now willing to put (and keep) their money in "risky" currencies? Thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 27, 2009 18:08
bid to cover ratio of teh 5 year acution at 2.32%, which is fairly strong. No bad news. Does not alter the status quo of broad dollar weakness.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 27, 2009 17:58
Rob, go here (additional data) and click to find out Bid/Cover ratio (the higher the better) as well as percentage of non-comp bidders (charts used in my book) which give a proxy for foreign interest in the bids.
http://www.treasurydirect.gov/exit.htm?http://www.treas.gov/offices/domestic-finance/debt-management/auctions/auctions.pdf


Ashraf
Rob
New York, United States
Posts: 305
15 years ago
May 27, 2009 17:05
woops: no ".com" at the end
Rob
New York, United States
Posts: 305
15 years ago
May 27, 2009 17:03
Hey Ashraf,

I just found this: treasurydirect.gov/RI/OFGateway.com gives real-time results of the auctions and the times they'll be announced. Now I just need to know how to read the results and determine what the numbers for a "good" or "bad" auction are. Any thoughts on the best way to interpret these? Thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 27, 2009 15:21
Rob, CNBC-TV are usually on the ball in this Maybe Bloomberg TV too. Reuters (if you have it on your platform). Not sure Dow Jones provides that real time.

Ashraf
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