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by Ashraf Laidi
Posted: Jan 1, 2011 0:30
Comments: 1846
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This thread was started in response to the :

Ashraf's Book: Currency Trading and Intermarket Analysis

Ashraf's Book: Currency Trading and Intermarket Analysis
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 9, 2009 18:41
spec, USDX continues to find support at 75.80 as EURUSD continues to struggle at 1.4860 for past 13 months. i do think we will see a bottom for now, but i disagree with people like robert prechter who say that the dollar will enter a 12-18 month rally . i see a much shorter rally..or just a bounce.. but stronger rally against GBP. i disagree with you about Fed raising rates in early 2010. i see only 30% chance of them raising rates in 2010. Fed may talk tough abt normalizing liquidty etcc but an actual rate hike is too dangerous for the still sick US consumer.

Ashraf
speculator
Posted Anonymously
15 years ago
Oct 9, 2009 18:21
hi ashraf do you think dollar sentiment can get any worse? the dollar keeps rebounding. so its clear that rumours have on a temporary influence on the dollar. i see fed tightening early 2010 and maintain near term support for dollar index at 75 for a shot to 80 this quarter. the declining dollar trend is becoming exhausted with many of the major pairs. imagine what influence dollar positive news will have.



Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 9, 2009 17:56
chloe, did you consider short EURCAD and AUDCAD? technicals looking weaker.

smiler, yes, correct.weekly VIX today looks bearish, but stocks not looking equally bullish.

Ashraf
TG
Singapore
Posts: 112
15 years ago
Oct 9, 2009 17:55
Hi Ashraf,

I too support Jack's suggestion, tks.
smiler
Ireland
Posts: 15
15 years ago
Oct 9, 2009 16:28
Hi Ashraf, just been watching the Webinar recording and you mentioned that you expect the S&P to drop to 980 to keep up with the shift in risk appetite. The VIX has moved back below the 100 day MA. Do you still hold the view that the S&P will decline?

I'd also like to add my congrats to Jack Dee for his idea. Count me in if you decide to run with the idea. Smiler
chloethebull
Posted Anonymously
15 years ago
Oct 9, 2009 13:34
hey ashraf ...canadas trade deficit comes in at 2x the epected $ 2bilvs 900mil...might give us back some of our losses...but im sure u already know this but just incase ...ok gl an thanks
bojan
Arizona, United States
Posts: 111
15 years ago
Oct 9, 2009 13:08
Jack dee,

that is the best post I've seen.


ASHRAF superthanks for stocktweets- priceless, with IMT they are like GPS of forex.
Bikram
Dublin, Ireland
Posts: 9
15 years ago
Oct 9, 2009 13:08
Thanks Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 9, 2009 13:06
Bikram, only if we see deficit jumping above 35 bln or so. Also Canadian trade numbers due at same time

Ashraf
chloethebull
Posted Anonymously
15 years ago
Oct 9, 2009 13:05
hey ashraf..im once again finding out late from my biz news that canadian job was 3x the expected build an it droped to 8.4%...im startn to feel the heat hopfully usd can bounce soon ..thanks
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