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by Ashraf Laidi
Posted: Nov 3, 2009 15:33
Comments: 25
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FX, Oil Eye Equity Inflection

 
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Nov 6, 2009 18:07
Again as last friday, Yen strength outperforms USD strength during bad data. look at yen crosses EURJPY AUDJPY. Those who asked me questions about EURJPY, i gave them conservative resistacne at 134.70 which was broken. But the 135.80 right shoulder was never broken and now we're at 133.20s.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Nov 6, 2009 18:04
Rob, G20 non-issue for FX. Maybe Canadians will say something about loonie.

NZDUSD stubborn. resistance 0.73. looks like more DOWNSIDE in NZD against JPY as yen crosses are doing quite badlu.. again.. like last friday/


Ashraf

Ashraf Laidi
London, UK
Posts: 0
13 years ago
Nov 6, 2009 17:58
raj, the indications i get from oil and treasuries are negative for stocks. we can see 9700 support as pre-year end unwinding emerges.

Ashraf
Abood26
Damascus, Syria
Posted Anonymously
13 years ago
Nov 6, 2009 16:05
Hello Ashraf where do u see the cable
Rob
New York, United States
Posts: 305
13 years ago
Nov 6, 2009 15:53
Hey Ashraf,

Thanks for all your great tweets today! You're generosity is never overlooked.

Do you have any thoughts about dollar rhetoric coming out of the G20 this weekend? Seems to be a non-issue right now, and if it was, I would guess the remarks would be dollar-supportive.

Also, if you could give thoughts/targets on NZD/USD I'd appreciate it. Thanks again!
14raj
Kolkata, India
Posts: 210
13 years ago
Nov 6, 2009 15:49
Ashraf,
can i expect DOw future at 9350 level?I short it at 9980 level.
regards,
Rajib.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Nov 5, 2009 20:56
waterville, after yesterday's gold-driven jump in EURUSD, i find it hard to see EURUSD below 1.46 tomorrow. The India factor on gold and FOMC remaining unchanged was criticial in supporting EUR. we'd need a bad selloff in equities for EUR to hot 1.46 tomorrow.

Ashraf
Waterville
Tennessee, United States
Posts: 2
13 years ago
Nov 5, 2009 4:05
Hi Ashraf, Your webinar with Chris Lori was top notch--learning a lot. With S&P failing to close above 1047 today after big rally until the last 1/2 hour, do you still see EURUSD closing below 1.4600 this week? Thanks.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Nov 4, 2009 13:06
stone, if markets drop here, Aussie is teh best sell as it has suffered after unexpected decline in retail sales and last nights dovish rate hike. still resistance at 0.9140 unless US data comes up solid across the board today.

Ashraf
redstone
bristol, UK
Posted Anonymously
13 years ago
Nov 4, 2009 5:19
Hi Ashraf. Where do you see GBP/JPY bottoming please, and would that also be a good point to go long AUD. Many thanks.