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by Ashraf Laidi
Posted: Jul 16, 2009 17:32
Comments: 89
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This thread was started in response to the Article:

Gauging the Bounce in Appetite

Forex markets have yet to buy into the rally in US equities.
 
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Jmx
Singapore
Posts: 44
15 years ago
Jul 29, 2009 18:59
Ashraf,

Beige book coming in in abt 3 mins. currently had shorted pound at 1.6400. is it better to lockin profit or hold for the news?? I am looking tp at 1.63
JackD
United States
Posted Anonymously
15 years ago
Jul 29, 2009 17:16
Price action indicates that someone is buying a lot of sterling. GBP is refusing to move beyond its range while the other currencies are making breaks due to drop in oil and stock market.

Curious. This is like what USDCAD was weeks ago, when it barely moved up on bad news but made big down moves on any whisper of good news for the CAD.

Because of the PA, my personal conclusion is to stay away from shorting GBP and instead concentrate on the other currencies.

-Jack
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 28, 2009 17:32
shortterm GBPJPY seen at 152.30 medium term seen at 149.95 http://twitpic.com/bxh2j
USDJPY objective wedge also broke http://twitpic.com/bx1ei


Ashraf
Steven Blyth
London, UK
Posts: 148
15 years ago
Jul 28, 2009 16:12
Reloaded mine also. Bang!
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 28, 2009 16:10
@Steven re-loaded my GBPJPY shorts at 155.17...seeing further potential for a further move down. I would be aware of the advance US GDP data out on fri though, as that will determine the direction of the eq indices/risk trade for the forseeable future
Steven Blyth
London, UK
Posts: 148
15 years ago
Jul 28, 2009 16:01
I just took some profits on the GBPJPY short. Ashraf/Anyone you see GPY weakness persisting in this pair?

Steven
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 28, 2009 13:24
jack, theres more in $GBPJPY at 155.20. $NZDUSD target @ 0.6550 from current 0.66

Ashraf
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 28, 2009 13:00
Ashraf thnx for the advice on GBPJPY yday...i got in short around 157...proved v profitable

Gunjack
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 28, 2009 11:39
wolf, fairenough. watch US July consumer confidence expected to weaken further to 48.5 after June's disappoining decline to 49.30

Ashraf
Forexwolf
Auckland, New Zealand
Posts: 39
15 years ago
Jul 28, 2009 11:30
Let's hope for the best. My target is 94.2
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