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by Ashraf Laidi
Posted: Aug 6, 2009 17:22
Comments: 37
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Quantitative Easing & Currency Strengthening

Central Banks (ex Fed) have little choice but to maintain QE to avoid excessive tightening of transmission mechanism from their rising currencies.
 
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Aug 13, 2009 12:22
More, yes, i agree. we may see a pop towards 1.6660s but i doubt the close will be at these levels.

Ashraf
Moe
Sharjah, United Arab Emirates
Posts: 50
13 years ago
Aug 13, 2009 12:10
Hi Ashraf,

Do you think that shorting GBP at the current levels (i.e 1.6620-1.6650) is good on an intraday basis?
Steven Blyth
London, UK
Posts: 148
13 years ago
Aug 12, 2009 23:15
Thinking it may be worth holding back on opening up a short on USD and JPY crosses as the asia may be UP. Hmmm... Possibly wait for morning on this one.
Rob
New York, United States
Posts: 305
13 years ago
Aug 12, 2009 22:23
Great - and the avalanche of tweets is fine with me!
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Aug 12, 2009 21:11
Rob, hw abt the fact that Dow ended 60 pts off its highs. we had our share of USD bounce (shortlived though). shorting GBPUSD remains key and shoreting USDJPY at 96.30s for 95.60s is also helpful

Ashraf
Rob
New York, United States
Posts: 305
13 years ago
Aug 12, 2009 21:03
Hey everyone,

I was about to jump in after the Fed decision, but the market seemed to lack a definitive direction. Anyway, does anyone have thoughts on whether the +118 dow will cause increased risk appetite in the Asian session later? My guess is yes, although stocks are certainly off their highs, and it almost seems like the Yen is actually beginning to gain. Thanks
Steven Blyth
London, UK
Posts: 148
13 years ago
Aug 12, 2009 9:11
Ho. Sub 140 in EURUSD looks like its in the works. FYI i have a 75 target on AUSUSD and 73 on AUSJPY for this month.
Ho
New York, United States
Posts: 26
13 years ago
Aug 12, 2009 8:56
Ashraf,

Can eur/usd go below 1.4000 to 1.39 area or lower to 1.38 in 2 weeks? Pls advise. Tks.
Rob
New York, United States
Posts: 305
13 years ago
Aug 12, 2009 1:02
Great Ashraf, much appreciated!
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Aug 12, 2009 0:03
Rob, I agree with Steven. I see FOMC telling the world they haveyet to use up the remaining $50 billion and that would NOT be positive for stocks (equities may need more Quant Easing) hence possibly boosting JPY more than USD on risk aversion. I still see 1.1120 in USDCAD and betting on 1.6360 in GBPUSD

Ashraf