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by Ashraf Laidi
Posted: Feb 3, 2010 17:02
Comments: 116
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This thread was started in response to the Article:

$1.32 Euro Under Construction

The deteriorating momentum of sovereign concerns in the Eurozone & further dissenting rhetoric from FOMC to weigh further on EUR & other risk currencies.
 
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Letisha
St. Catherine, Jamaica
Posts: 156
14 years ago
Feb 16, 2010 20:39
@Pippedoff: What is PPT?
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 16, 2010 20:28
@Pipster-we are near the end of thsi short-covering rally. The reversal will be ugly for longs as these rallies knock out (weak) shorts and then there is no one left to buy on the way down.

In essence, the PPT is setting up more stress and duress for longs. But PPT only interested in values at 1:00 pm NYT. (45 minutes from now).

I am hoping they can take out a few more weak shorts to set up the reversal.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 16, 2010 20:25
The PPT knows it needs to close US session with euro and gbp trash, aussie and gold at highs for the day, therefore they will goose spoos right to USD equity close.

If they fail, mid-Sydney and Tokyo session will not be kind to nindless 150 pip euro and 200 pip cable short-covering rally on no fundamentals.
pipster
UK
Posted Anonymously
14 years ago
Feb 16, 2010 20:23
I have gone short on gold as per Pippedoff with the hope it will come down tomorrow. I was looking on the daily chart and it has broken the trendline I would see this as bullish but with Ashrafs comments of the boost for the USD i'm slightly lost. Any Thoughts guys/ Ashraf

From Pipster
rkkashmir
Posted Anonymously
14 years ago
Feb 16, 2010 20:18
What do you mean by a Weatherman?

Anyone selling Gold at 1120?
PipsAhoy
Posts: 1
14 years ago
Feb 16, 2010 20:15
Per Ashraf's HOT CHART regarding euro, he's looking at 1.32 sooner than later, possibly next week.

Yet The Weathnermen are pounding the table for 1.40 plus, simply because euro is in the midst of a short-covering rally.
http://www.ashraflaidi.com/hot-chart/?a=1361
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 15, 2010 8:32
This week is busy with CPI numbers. Is this sufficient to trigger the EUR/USD 132 on top of existing debt risk from PIIGS?
rim
Turkey
Posts: 121
14 years ago
Feb 12, 2010 21:05
Montmorency thanks a lot for your interim explanations.

But this week do you think DUBAI debt wiill decide the markets ?
chloethebull
halifax, Canada
Posts: 1183
14 years ago
Feb 12, 2010 19:59
hi fdas, if u have access check out ashraf interveiw on bnn ..u can access it through his imt from yesterday...feb 11, 11;42et..gl
fdasalguero
sevilla, Spain
Posts: 3
14 years ago
Feb 12, 2010 17:51
Mr Laidi, do you see plausible any rebound in EURUSD to 1.42 level during Q1?. Thank you very much for your help.

Regards,
Paco
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