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by Ashraf Laidi
Posted: May 28, 2009 15:40
Comments: 129
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This thread was started in response to the Article:

Yield Shoots, Dollar Leaves

Soaring yields give no choice to the Fed but to increase the quantity of bond purchases at the expense of the dollar. Speculative Forex positions agree.
 
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speculator
Posted Anonymously
15 years ago
Jun 11, 2009 0:39
ashraf, i think 1.55 is too euro bullish for year end. will be interesting to see. but why so high?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 11, 2009 0:30
rim, if oil drops over 10% then that could be sign of reduced appetite, falling equities and stronger dollar

Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 11, 2009 0:25
Spec, no i havent heard of that bank. My forecast of +1.55 by year end could eventually lead to major pullback and onto 1.17 or 1.18 by mid 2010. You never know.. if Europe banking woes get worse by strong currency.

Ashraf
rim
Turkey
Posts: 121
15 years ago
Jun 10, 2009 17:28
Hi Ashraf,
How do you evaluate Oil stocks change as minus 4.4 , its effect on currencies and gold.
Rim
Rob
New York, United States
Posts: 305
15 years ago
Jun 10, 2009 17:03
Hi Ashraf,
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBDWCjYqMDug - here's the link to Goldman's comment, or just search "goldman euro" on Bloomberg.

I remember the chart from last week, but then I saw that you voted 1.35-1.37. What is your time frame for 1.47 on EUR/USD? Thanks
Speculator
Posted Anonymously
15 years ago
Jun 10, 2009 16:46
national bank financial have predicted 1.17dollar/euro for 2010 - they see a the euro falling over the next year but i have not seen the rationale.

ashraf, is this a credible source? i believe they are in new zealand.

thanks.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 10, 2009 14:56
Rob, Goldman said that? ive been saying target $1.47 for a while now. Last week's HotChart held up at 1.3770 trend line support. And i stick with my $1.55 end of year target.

DOW SHOWED 3 CONSECUTIVE DAILY DOJI STARS AND SEEMS TO BE HEADING TO THE FOURTH TODAY. BEARISH. DOJI = INDECISION especially at the top of rising market.

Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Jun 10, 2009 14:43
Woops, forgot about your comments on the poll in EUR/USD, doesn't always show up on the home page
Rob
New York, United States
Posts: 305
15 years ago
Jun 10, 2009 14:31
Hi Ashraf,

I did NOT short the GBY/JPY, thanks a lot for your insight on that one. How do you feel about Goldman's recommendation yesterday to go long EUR/USD with a stop at 1.3720 and targeting 1.45? Thanks a lot.
Shankar
Australia
Posted Anonymously
15 years ago
Jun 10, 2009 13:21
HI Ashraf
Interesting comments on there from lot of people.

What are your view on this short term over the top trades on AUD and commodities rally. Unfortunately i have been short Aud against USD around 7460. I have about 3 lots, enough margin to hold on.

Any advice
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