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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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chloethebull
halifax, Canada
Posts: 1183
13 years ago
Mar 24, 2011 16:51
lol nice call sub ;lol..and yes dave can;t call me a fllower lol..dad always said i went againstthe norm lol..gl guys:)
lucky
ibadan, Nigeria
Posts: 377
13 years ago
Mar 24, 2011 16:46
forex trading is too bad remain 1 week 4 me to complete 2 years in it i am losing 30,000 $ since then excluding my stress and the expenses for both phone call , internet fees whats the form advice
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Mar 24, 2011 16:29
Chloe the trend fader !
chloethebull
Canada
Posted Anonymously
13 years ago
Mar 24, 2011 13:44
thanks sub i;ll keep it in mind..only looking to nibble @1.0185..with stop @1.0202 i exit all my aud on last time it droped now i can get all back @ this level r/r might b there but i;ll use extreme caution ..gl thanks:)
subway90
Posts: 1078
13 years ago
Mar 24, 2011 12:27
chloe...

i think Aud wants to go higher.... 4/8 hour still showing momentum is there... break above 1.0202 and i think we'll see 1.0320 level... could see some pullback at current level but as long as 1.0065 holds... see it moving higher.... but if we see 1.0320 level... could be a good short for 200~250 pips....
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Mar 24, 2011 12:11
any1 out there looking to short audusd??@ that key resistance level again 1.0180..kinda brok through for a minute..ok gl today guys:)
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Mar 21, 2011 14:52
I meant to say "next month" and not "next week", regarding the Premium Service.


Ashraf
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Mar 21, 2011 12:07
AUD or CAD:

Rising AUDUSD and falling USDCAD reflect the typical nature of rallying commodity currencies (AUD and CAD) during improving risk appetite (Dow-30 +113, SPX +12). Since AUDCAD remains unable to break 0.99, the bias remains in favour of CAD, thereby siding w/ USDCAD shorts instead of AUDUSD longs during improved risk appetite. I mentioned last week that EURUSD was another preferred pair during any stabilization in risk appetite (see longer article and prior IMTs). With USDX having broken below the key 76 foundation, USDCAD now stands to break below the 0.9770s trendline to retest 0.9720 and possibly 0.9680. Further gains in oil prices would be one (but NOT the only) driver for falling USDCAD.

US existing home sales today and UK CPI tomorrow will be key drivers to FX in the next 24 hours. Stocks also boosted by AT&Ts announcement of a $39 billion deal to acquire T-Mobile USA.

These Intraday Market Thoughts will no longer be available free of charge starting next week when AshrafLaidi.com introduces a new Premium FX Service.

Ashraf
subway90
Posts: 1078
13 years ago
Mar 17, 2011 9:03
good opportunity to short Aud at 9875/9900 for 9600... gl/gt
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Mar 17, 2011 7:19
Lawrence, thanks, yes in fact my book is the first to have entire chapter on risk aversion & estimated retail & inst yen carry trades.

NOK is a commodity currency and just liek AUD and CAD usually falls against USD and JPY. NOK is the currency people go to when risk appetite is up so the converse holds during risk aversion.

I mentioned sev times on twitter and site that EUR is boosted "remarkably so" by ongoing expectations of an ECB rate hike (however one may disagree w that).

See my latest article in home page


Ashraf
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