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by Ashraf Laidi
Posted: Jul 6, 2009 14:55
Comments: 61
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Dollar Stability Choppy & Temporary

The dollar's much anticipated stabilization is bound to be choppy at best
Yorkshire, UK
Posts: 34
13 years ago
Jul 9, 2009 17:07
Hi Ashraf. Any thoughts on where GBPAUD will top out?
Posted Anonymously
13 years ago
Jul 9, 2009 16:51
yen/dollar position confirms fx not bothered about equity gains today.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jul 9, 2009 16:32
EVERYONE, see my IMT on the BoE. They did not announce more purchases which should bepositive for GBP but market widely expects BoE to buy more in August. Also FX not trusting the temporary rally in equities that some of you have alluded to. Read my tweets on jobless claims, which despite their decline, they were not positive for the market (July 4th holiday). But this is a choppy market and one cannot understand every single move.

Posts: 60
13 years ago
Jul 9, 2009 16:00
Crude price is moving in line with Dow. Does this means USDCAD would move sideway?
Jonkoping, Sweden
Posts: 492
13 years ago
Jul 9, 2009 15:51
The stock market is up today......hedge fund is looking for news to long USD now...

Yesterday, Yen was rising a lot.....Japanese government had comment on Yen....which curb Yen strength further...

BOE didn't announce QE.....hedge funds are having meeting now.....

United States
Posted Anonymously
13 years ago
Jul 9, 2009 15:45

Why does it seem that the Dollar crosses ( GBPUSD, AUDUSD and NZDUSD) are lacking direction today?

Posts: 101
13 years ago
Jul 9, 2009 13:09
G'day spec ,just wondering about which aspect of TA hasn't worked and for which index ?
Posted Anonymously
13 years ago
Jul 9, 2009 12:54
what a shock BoE delivered today. Just goes to show that technical analysis cant always work due to surprises.

But ashraf your minimal risk strategy for sterling today was well called for.
J. Morgan
United States
Posted Anonymously
13 years ago
Jul 9, 2009 12:18
Good Morning Ashraf,

So following this BoE announcements just now, is GBPUSD a sell at 1.6220?

What do you think?


Kolkata, India
Posts: 210
13 years ago
Jul 9, 2009 12:17
I am trading FOREX and commodities for last 4 years. I usually keep Fibbonacci greeds.Wave and some oscillators at my arsenal.I need your valuable advice regarding Fibbonacci.Can you refer some materials to gather more knowledge regarding Fibonacci trading structure.