Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8904
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Apr 9, 2010 20:01
Oil to test 80 and 79 next week.
http://www.ashraflaidi.com/forex-news/

Ashraf
Chartvuze
salisbury, UK
Posted Anonymously
11 years ago
Apr 9, 2010 19:46
Thank you for your response Ashraf

regards
macrosam
United States
Posts: 190
11 years ago
Apr 9, 2010 18:30
I think it makes too much sense to not allow Yuan appreciation, though the degree of the appreciation and speed of the implementation are delicate matters. A currency appreciation, if executed properly, would enable China to export their inflation to nations that need re-inflation.
Callum
Singapore, Singapore
Posts: 179
11 years ago
Apr 9, 2010 18:17
Appreciation and Raise Rates at the same time? That's be like murdering Chinese economy??

There's plenty of China economic data coming out next week. I understand the expectation is much lower than previous. I am guessing this would be a "show" needed avoid raising rates. If they genuinely intended to raise it, they would have done so already. Don't they have to get a print of CPI over 3 first to raise rates?
slaiman7
Lebanon
Posts: 31
11 years ago
Apr 9, 2010 18:08
Asad,

Am not sure about that. One could argue that CNY appreciating is USD bullish due to lower US trade deficit, and thus, Gold bearish.
I am not sure about this but lately Gold seems to be going up no matter what the dollar does.
asad
London, UK
Posted Anonymously
11 years ago
Apr 9, 2010 17:57
Slaiman,

Gold SHOULD go up if CNY appreciates! The question is WHAT IF they increase interest rates alongwith this appreciation...


Asad
slaiman7
Lebanon
Posts: 31
11 years ago
Apr 9, 2010 17:54
I don't think the chinese revaluing their currency would have a great impact on Gold price.
Let's face it, USD, EUR, GBP, and YEN, have huge problems, and it is not that the USD that is going up, rather other majors are going down. As a result when, aforementioned currencies will go down against commodities and mostly against precious metals.
BUY Gold on the dips!!!
Callum
Singapore, Singapore
Posts: 179
11 years ago
Apr 9, 2010 17:50
Is Gold is going to go up if Chinese appreciate their currency?
slaiman7
Lebanon
Posts: 31
11 years ago
Apr 9, 2010 17:44
I think it would be a bad idea to double short on Gold here. I beleive Gold to keep heading upwards till May, breaking 1225 high.
montmorency
UK
Posted Anonymously
11 years ago
Apr 9, 2010 17:40
@Asad: I tend to agree with your analysis and synthesis, and would tend to do myself that which you recommend. However, what is the advantage in reducing one's short average?