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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.
 
bubbles
Canada
Posted Anonymously
12 years ago
Jul 28, 2009 3:03
Hi Ashraf. What do you see coming at this point in time. The USD (index) vs North American stock markets and Gold? Will the greenback (nee...wetback) let the stock rally continue or is it time for risk aversion and a dollar bounce? Would the Fed rather see a continued rally to boost fragile investor psychology and let the dollar slide? On another website (GATA) they are posting a large increase in the number of COT short positions by commercials. Can the dollar keep falling and gold go lower at the same time? Is the US in a conundrum?
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jul 27, 2009 22:53
wolf, 95.80 is the resistance in the USDJPY channel. The downtrend is still intact.

Ashraf
Forexwolf
Auckland, New Zealand
Posts: 39
12 years ago
Jul 27, 2009 20:56
Hi Ashraf.
Where do you see USDJPY going before coming down in the channel towards the bottom?
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jul 27, 2009 18:57
Jack be patient and wait for 155.80. i dontexpect a clsoe above 157.50

Ashraf
Gunjack
London, UK
Posts: 1184
12 years ago
Jul 27, 2009 17:42
Ashraf thanks for the earlier reply...Was thinking of taking out a GBPJPY short today (157.13-25). Could you advise where you see the res level on this pair if it was too keep rising.

Thanks
Gunjack
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jul 27, 2009 15:08
Jack, bonds are falling adn yields are rising. US 1-0 yr yield at 3.75% 4-week high. relationship remains largely inverted.

Ashraf
Gunjack
London, UK
Posts: 1184
12 years ago
Jul 27, 2009 14:12
Ashraf what do you make of the rally in equities last week and how it doesn't seem to have been matched by a corresponding fall in bonds (bund / 10yr t bill) - I was always told to watch the bond market as a good indicator for an economy...your views pls?

Thx
Gunjack
14raj
Kolkata, India
Posts: 210
12 years ago
Jul 27, 2009 11:09
Ashraf,
Today I booked my Nikkei long position exactly at 10100. And planning to initiate my short in Dow September 9050 level....whats ur view?
Regards,
Rajib.
cougr
Australia
Posts: 101
12 years ago
Jul 27, 2009 11:05
Ashraf ,early today on Twitter you mention a eurusd target for December ( 155-156 ) and then write that the same goes for audusd. I take that to mean you are also bullish on this pair but was wondering if you might have an end of year target also?
cougr
Australia
Posts: 101
12 years ago
Jul 27, 2009 10:49
Sorry Spec, misinterpreted your question.