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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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Rob
New York, United States
Posts: 305
15 years ago
Jun 8, 2009 23:12
Hey Ashraf,

I was quite surprised when I heard the news of people trading based on expectations of Fed raising rates - I feel it's preposterous as well - thanks for clarifying in the IMT.

Also, according to the workbook, that should be very close to the USD/JPY low, yes - which should be a good time for a long-term trade to going long USD/JPY, yes. Unless of course all faith in the USD is lost by then. Thanks
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 8, 2009 22:01
Hey, Ashraf
As you said the USD will continue weak to against commodity currency. So I think maybe this profits taking season is finished, and USD will continue week from now.

What do you think? And would you like to share your explanation that why we short NZD/USD??

Best regards
Qin
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 8, 2009 21:56
Qin, what consolidation? shorting kiwiusd would be best placed above 0.6230-40

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 8, 2009 20:47
Hey, Ashraf
Maybe the consolidation is finished.....what do you think??

Need your opinion, please.

Best regards
Qin
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 8, 2009 20:16
Hey, Ashraf
I think you are considering NZD cuting rate decision. I will watch it when the announcement come out.

I am thinking about short GBP/USD......but just a little confidence.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 8, 2009 19:54
Qin, keep uopdated on my twitter updates. consider placing a nzdusd short around 0.6200

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 8, 2009 19:14
Hey, Ashraf
I just closed my postion again, booked a little profits. It looks like USD/CAD will test its high again, and as well as AUD.
I think USD rally will end soon. Traders are buying EUR option again.
Anyway...thank you for the information.

Please keep update your idea.

Best regards
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 8, 2009 18:44
Qin, IMT is Intraday Market Thought which i post at the front of the website and which is sent to subscribers via email.

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jun 8, 2009 18:28
Hey, Ashraf
Thanks for the advice. I closed my short position and start to long AUD and CAD, short USD by half of my position.

Best regards
Qin
TG
Singapore
Posts: 112
15 years ago
Jun 8, 2009 16:31
Hi Qin,

IMT is Ashaf's daily update under the column Intraday Market Thoughts.
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