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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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rajesh68
Singapore
Posts: 60
15 years ago
Jul 17, 2009 14:47
Hi All, I am puzzled by the fall in EURUSd immediately after the result announcement of banks. I was expecting a weakness in USD and rise in EURUSD. On the contrary it fall and it fell substantially for long period (14:14 to 14:22 UK time)before rising again. Can anyone explain this?
14raj
Kolkata, India
Posts: 210
15 years ago
Jul 17, 2009 14:23
Ashraf,
can we expect SP to touch 1000 mark in this rally?
regards,
Rajib.
cougr
Australia
Posts: 101
15 years ago
Jul 17, 2009 13:51
Just my opinion based on technical observations ,S&P very strong above 910 , dollar sitting on precipice and ready to tank .
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 17, 2009 12:37
Cougr, yes good idea. Dow futures -37 pts. thks cappy

Ashraf
Cappy
United States
Posts: 19
15 years ago
Jul 17, 2009 3:23
Hi Ashraft.

Enjoyed listening to your Cantos video!! Hope you have some more videos!!

Thanks,

Cappy
cougr
Australia
Posts: 101
15 years ago
Jul 17, 2009 2:13
Ashraf, back in early march Roubini's widely publicized negative views on the economy coincided with the market's bottom .Yesterday when I read the report on Roubini's positive take on the economy I took it as a signal possibly marking a top in the markets. But now that you have made me aware of his retraction of such views I don't what to make of his comments. I suppose I'll stick to what I've always been doing and that is to take my leads from the price action itself.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 16, 2009 22:35
Morgan, despite the Roubini retraction http://www.rgemonitor.com/roubini-monitor/257299 i do beleive stocks may edge a little higher before starting to come down gradually. id still short USDJPY at high 93.90s or 9400s. restart shorts in AUDCAD and/or sell AUDJPY (see charts in latest article)

Ashraf
J. Morgan
United States
Posted Anonymously
15 years ago
Jul 16, 2009 21:58
Dear Ashraf,

With the S&P H/S formation presently null and void, what currency pairs are interesting to you for this Friday?

Jay.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 16, 2009 20:46
apache, Im reluctant to call this as gold's direction to 980. I see resistance at 950.

Ashraf
apache99sg
Singapore, Singapore
Posts: 8
15 years ago
Jul 16, 2009 20:27
Ashraf,
what is your opinion on gold? Is it a retracement due to equity bullish or this is a next leg up to break the 970?

It looks like 900 is a strong support... thanks!
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