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by Ashraf Laidi
Posted: Jan 5, 2010 18:55
Comments: 279
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More Euro Losses Ahead

More losses in the euro are seen ahead despite rallying oil prices.
 
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Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 15, 2010 3:34
Thanks Rob ! take a look at my #ofTweets-#ofFollowers ratio...enough said !

If you read this, you're getting a preview about a short CADJPY hot chart that ill publishing very shortly !

Ashraf
Rob
New York, United States
Posts: 305
14 years ago
Jan 15, 2010 2:53
Hey Ashraf,

Good luck on the Shorty awards - I certainly prefer your tweets over...

Anyhow, interesting about EUR/CAD, that it can't keep falling. Now, how about EUR/AUD? The two charts basically look the same. Do you see a better long play in EUR/CAD because of oil lately? How about longs in EUR/AUD from risk aversion. It's funny how they trade the same - I guess they both respect/disrespect the EUR the same way. Thanks
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 12, 2010 15:29
chloe rob

USDJPY is falling victim to overall yen strength so that long USDJPY trade from friday is totally finished. anyone looking to buy USD better do it against eur, gbp and cad. As for the 95 yen target in USDPY, if you remember i did say without a decline to 90.50 so any aspiring longs now ought to have stops below 90.50.



Ashraf
Rob
New York, United States
Posts: 305
14 years ago
Jan 12, 2010 14:42
Hi Ashraf,

Thoughts on USD/JPY would be appreciated. With the VIX gap down, and possibly ready for a spike - would you hold off on going long USD/JPY? Or is there a level you'd prefer to wait to go long? OR, shorting is also a thought, but my bias is to go long. Thanks
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 12, 2010 5:21
Ashraf-I believe eur should be lower. However, at least for this upcoming European session, eur will catch it's usual bid and grind up for 4-5 hours to test or exceed yesterday's highs.

At some point in the next two months, with all this complaceny abound, equities will turn lower and these mo-mo players will bail out of eur and gdp. Don't know when that will occur, or what will spark it, or even where eur and gbp will be when this occurs.

It just appears at the moment eur is well bid, and gbp rides the coattails.

Thanks for asking.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 12, 2010 4:05
Xaron, what i said was that 1.38 is more like 80% chance (yes thats aggressive) but if we do GET THERE im not at all sure we could hit below 1.30. stocks would have to be doing badly. Earnings disappointments and Nervouness over Fed exit strategy may not be good ingredients.

Thanks Asad,

Pipped off, so whats YOUR optinion on the EURUSD.

Ashraf
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 12, 2010 2:54
eur longs think getting a bargain at 1.4465 - paying 45 pips higher than the close on Friday. ROTFLMFAO.
asad
London, UK
Posted Anonymously
14 years ago
Jan 12, 2010 2:41
Jamshed & Farzan,

Welcome to the Forum.

Don't forget to vote for Ashraf at the Shorty Awards. Also, you HAVE to state a reason for your vote to be counted. Thanks!

Asad
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 12, 2010 2:25
So many gaps to fill. We're not even where we closed on Friday yet on any pair.
Farzan
Oakville, Canada
Posts: 10
14 years ago
Jan 12, 2010 2:18
Hello Ashraf, I am planning to go long in the USD/CAD currency pair and would your input on it; my questions is parity sustainable or not? Thinking of going long at around 1.025 with a stop at 1.00; I am not heavily leveraged.

Thanks
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