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by Ashraf Laidi
Posted: Nov 10, 2009 16:34
Comments: 611
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This thread was started in response to the Article:

Don't Forget the Yen

Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
 
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A_V_G
Singapore, Singapore
Posts: 38
14 years ago
Dec 7, 2009 12:14
Hi Ash,

How are u.... By looking at today's market, dnt u think Risk Aversion is back.... Today whn European markets opened, it was a massive sell off(USD and YEN gain)..... Tht ripped me off all my profits I earned during the Asian time trading hour..... Are we expectng a Risk Aversion now .... Ur expert advice is needed.... Thks as always....
sub
UK
Posted Anonymously
14 years ago
Dec 6, 2009 17:02
ashraf,
now we have seen a weekly close above 10335 on dow, what is your view on dow and S&P going forward into year end?
thanks
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 5, 2009 2:16
IcDeadppl, UNLIKE previous 5 weeks when i constantly warned of yen strength occuring on a friday. this week i never said the yen would rally. In fact, my IMTs this week CAREFULLY WARNED of JPY carrying the burden of the carry trades, relieving the USD of it. It's actually in Thursday's FT. make a search under my name in ft.com and you will find it.


Ashraf
ICDeadPpl
Posted Anonymously
14 years ago
Dec 4, 2009 20:41
Wow, the yen really got pummeled today... can't win them all, Mr. Laidi! I am afraid the sentiment is shifting away from it and into the dollar pretty rapidly.
Wasup
dublin, Ireland
Posts: 54
14 years ago
Nov 27, 2009 14:31
Thanks Ashraf,i kind of drifted away with the idea that support is not strong enough.
Steven Blyth
London, UK
Posts: 148
14 years ago
Nov 27, 2009 14:14
Thanks Ashraf.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 27, 2009 13:53
Blyth, lets see if AUDJPY breaks below that key support of 76.30. But if i were you, id buy AUDUSD as the LONGTERM BUY instead of AUDJPY. What i mean by long term here is for at least 2 months.

Wasup, so you sold at 128.30 and you did NOTHING when it went to the key support of 127.00?? WHY?? you saw a 130-pip profit and you did not take it? 127 was a big support, which means it is hard for it to drop below. you CANNOT IGNORE THIS STUFF !

and yes, i expecct it to drop towards 127 again. BUT DO NOT STAY FROZEN NEXT TIME WHEN YOU SEE A 130-PIP PROFIT. markets are not waiting for you to make money.

Xaron, you cannot be sure unless you know who is exposed to Dubai and to what extent as well as those exposed to those exposed to dubai. direct and indirect exposure. More like the Detroit housewife foreclosing onher property affecting the pensioners in Norway.

Ashraf
speculator
Posted Anonymously
14 years ago
Nov 27, 2009 12:17
what has currently happened in dubai is a mini shock which could severely damage stock prices for december. do not be surprised
Xaron
Munich, Germany
Posts: 528
14 years ago
Nov 27, 2009 12:14
Personally I don't think it will go deeper now. The worst case scenario has been priced in and come on... a domino effect because of Dubai? ;)

Be careful with the Yen now. I don't expect it to go up much further as there might be some intervention soon if so.
Wasup
dublin, Ireland
Posts: 54
14 years ago
Nov 27, 2009 12:07
Hi Ashraf,
I am short on EURYEN @128.30. But its going up now. Is there any possibility that it can move down towards 127.00.
Thanks
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