This thread was started in response to the Article:

Aussie's Latest Boost by: Ashraf Laidi
Posted: April 2, 2009 ET
Comments: 21
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f, 1.3770 will have to wait. markets are going down due to that negative note sent on the banking sector-or at least thast what the media is saying. But markets have to take profit and 860-865 in the S&P500 will likely remain elusive for now. Watch that USDCAD rising. 1.25 target.

Ashraf

Hello Ashraf,

do you still think that $1.3770 is in play for EUR.USD - it looks like risk appetite in quickly going down today?

I assume that if the low 1,34s holding this could be a good opportunity to add to long positions?

Thanks

as always, thank you for your prompt reply!

Houram, i cannot time the maret day by day but i still stand with rneewed lows in equities in around June,

f, Yes, 1.77 remains viable but CAD losses in medium term will likely outweigh most currencies.

Ashraf

I meant of course the BEAR MARKET RALLY not bear market

Hello Ashraf,

what is your take on GBP.CAD going into April, do you see a possible retest of the 1.77 range mid-term?

Thanks!

Hi Ashraf,
I find gold prices of around $900 that we see now really a great opportunity and I keep buying at these prices. How long do you think the bear market will really last? Are there still more good news/events to come or could it be over by by the end of next week and we will see the equities fall again? How much will that effect the copper price (or generally commodities)?
Thanks
Houram

Hey Ashraf,

If you didn't catch the USD/JPY break 100.00, you did now! Any thoughts on that would be most appreciated - I'm in NY watching, as you know, and sure it'll be a topic for one of the first IMT's - THANKS for this site!

Hmmm... Think I'll sit on my GBP for now then. Thanks for the advice, Ashraf.

Pipples,

Things are relative. GBP may stand to have better long term outlook vs USD, but not necessarily against AUD and NOK.

Ashraf