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by Ashraf Laidi
Posted: Jun 10, 2009 18:17
Comments: 208
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This thread was started in response to the Article:

Falling Equities Still Key for Dollar

Intermarket analysis set-up still suggests that fresh equity selling remains the only source of support for the US currency.
 
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slaiman7
Lebanon
Posts: 31
15 years ago
Jun 15, 2009 21:48
Ashraf,

Do you see a major head and shoulder formation in EURUSD chart that could lead EUR down to 1.32?

Thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 15, 2009 21:42
hey bill, do you get Colin's analysis? I might pass by Canada in later summer for some seminars.

Ashraf
will poho
Toronto, Canada
Posts: 20
15 years ago
Jun 15, 2009 21:16
Hey Rob, I use FXCM and CMC Markets. CMC has more consistent spreads however their margin rate is high compared to FXCM. 4% for the EuroUSD 5% for the pound. You need $8000 just to take a one lot position in the pound. If you don't care about leverage because you have enough money in your account then I recommend CMC. Oh yeah, CMC support is really good and their head currency analyst is pretty cool too.

Good luck

Bill
Rob
New York, United States
Posts: 305
15 years ago
Jun 15, 2009 20:03
Hi Everyone,

Does anyone on this site trade with FXCM - I need to switch from Gain/Forex.com. The spreads are horrible. Any other recommendations are welcome. Thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 15, 2009 11:59
lionking, could test 0.7960. If Dow futures worsen from current -80 pts then we could well see that. Also AUDJPY could call 77.90.

Ashraf
lionking65
singapore, Singapore
Posts: 19
15 years ago
Jun 15, 2009 11:13
Ashraf, what is next suggested target for the AUD/USD ?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 15, 2009 9:18
Rob, yes, RBNZ did say strong NZD was unhelpful but since theyr already said last week they wont be intervening, that helped lift NZD past 0.63 and onto 0.64. Let's see how a shaky equity market will impact it. NZDUSD support at 0.6220s

Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Jun 15, 2009 5:21
Listening to your webinar - sound is an issue though a good pair headphones and a quiet room does the trick, I'll keep listening. Great info on the Fed's next moves. And great call on 07's fed fund rates

Just got news from June 11th on Bloomberg that NZD central bank governor, said strong (rising) NZD/USD "unhelpful" and "a real risk." You've been slanting towards the short side of the NZD/USD pair for a bit if I remember correctly from other IMT's and comments. It opened quite lower at start of Asia, not sure if it's related - do you have any targets on that pair; and are you bearish NZD against USD? Thanks again.
Rob
New York, United States
Posts: 305
15 years ago
Jun 15, 2009 4:40
Thanks so much for your time and thoughts Ashraf!
cougr
Australia
Posts: 101
15 years ago
Jun 15, 2009 4:30
Correction ,in my post below it was meant to read .......that the dollar will fall below 70...........
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