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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:

USD

Discuss USD
 
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fxkid
AS, Syria
Posted Anonymously
13 years ago
Feb 3, 2011 14:24
it was very clear that JCT is not going to be that much hawk this time , euro heading to 1.3460 once again, all of them were shouting against me when i mentioned about ashrafs analysis he is always right but he wont accept his mistakes . All the warnings and shoutings are welcome .. :)
fxkid
AS, Syria
Posted Anonymously
13 years ago
Feb 3, 2011 13:43
ok :) euro to 1.41 and CABLE TO 1.6470 gl guys
chloethebull
Canada
Posted Anonymously
13 years ago
Feb 3, 2011 13:25
fed next up for data ..don;t expect anything from them..i say we loos all of lastnites gains:( usdx back to the 77 level:( gl guys
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 2, 2011 19:26
Trichet has to be very hawkish ... yield differetials turn in favor of USD . Pullback EURUSD 1375 will come in late NY and asia trade
said
mulhouse, France
Posts: 2822
13 years ago
Feb 2, 2011 17:43
interesting
the chinese twin sister reunited.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Feb 2, 2011 16:51
there is no perfect model, and there is no closed system.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Feb 2, 2011 16:38
USDs stabilizes from Asia/EU losses after S&P downgraded Irelands credit rating to A-/A-2 from A/A-1 and decision to maintain it its negative credit watch until at least April. Euro watchers await Thursdays ECB press conference and whether JC Trichet will step up his inflation concerns after the latest CPI estimates hit 2.4% y/y highest since Oct 2008. If Trichet reiterates his preoccupation without reservations or qualifiers, then markets will interpret it as support for at least 1 rate hike this year. We find these arguments misplaced due to the potential upward impact yield impact on struggling peripheral bonds. The short-term reaction would likely boost EURUSD towards $1.40 handle, but a 9% currency strengthening in 4 weeks should provoke verbal reverberations from EU politicians (not bankers).

EURUSD $1.40 may be a psychological resistance but the more important barrier stands at the multi-year trendline resistance of $1.4140-50.

Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 2, 2011 16:28
yea Qinguy and how often does the market lag the fundamentals or pre-empt the fundamentals. We often see this with Ashraf's work AND with catnip's trades :-) Nothing is perfect.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 2, 2011 16:27
Nope Elliott waves must appear in every closed system where two incompatible forces find a sweet spot ( i.e. a common property) . You find these patterns in different populations competing with incompatible strategies for the same limited ressource ( for ex soil water sunlight) . All very simple,
Qingyu
manchester, UK
Posts: 1763
13 years ago
Feb 2, 2011 16:20
EW is abstraction of psychology and price interaction, as long as human being trade, it works. even AI is applied in furture, it still think like human being, and EW still works.

fundamental analysis works in different way, it can override other functions, but that is not means other funtions donot work.

in the world, there is no "right, and only right".
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