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by Ashraf Laidi
Posted: Nov 10, 2009 16:34
Comments: 611
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This thread was started in response to the Article:

Don't Forget the Yen

Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
 
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said
mulhouse, France
Posts: 2822
14 years ago
Jan 11, 2010 18:03
pipped off
gold bottom as called by ashraf is 1070
me i see 1000 1040.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 18:03
Even usd/chf is attempting to carve out a base here. I know Ashraf is short this as hedge. However, if eur takes out 1..45 on the downside, usd/chf could pop 30/40 pips, adding more pressure upside to dollar index.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 18:00
Mont, it sure pays overnight, lol. However, I only see one more rate hike for aussie. Most of this, if not all, is factored in rebound from .87's.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 17:59
Gold may fill this gap from earlier today. That's $14 south from here. Where would that leave Aud?

Usd/jpy clawing back over 92. A break of eur and gdp below 1.45 and 1.61, respectively, would be devasting to usd shorts and would accelerate stabilization and rebound in dollarf index because of their weighting.
montmorency
UK
Posted Anonymously
14 years ago
Jan 11, 2010 17:58
@PippedOff: You may well be right about gold. However, I think AUD has a few other things going for it, e.g. Copper. Not to mention the highest interest rate in the industrialised world, with the prospect of a further hike. Personally, I'd wait for a further pullback before buying, but I'd love to go long on the AUD (especially as it pays overnight :-) ).
RajSg
singapore, Singapore
Posts: 17
14 years ago
Jan 11, 2010 17:52
0.97 AUD sounds high, but some AU analysts were talking of parity with USD by Feb., based on the strong commodities demand from China and expected int. rate hike by the RBA, in FEb. So, maybe u r right.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 17:50
Aud cannot go up without support from Gold. And this six day gold run of $85 is too much-too soon. I suspect Gold to retest 1124. That could bring aud to .9175.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 11, 2010 17:49
@Asad, @Chloe: agreed.

@PippedOff: Your change of attitude is appreciated. Thank you.

In the words of the song (a bit corny, but true):

"Oh well, make someone happy, make someone smile
Let's all work together and make life worth while
Let's work together, come on, come on
Let's work together, now now people
'Cause together we will we stand
Ev'ry boy, girl, woman and a man..."
said
mulhouse, France
Posts: 2822
14 years ago
Jan 11, 2010 17:47
pipped off
come one a set
in astrophysics there is a say " see far see close". the problem is that we are focused on the short to medium trend and we dont correlate in the long term perspective.
i gave a 1.48 with xaron because i thought my long term chart has shown me the termination of a pattern.
if it occurs to be true ( i dont say iam a genius ) well its a competitive advantage not a set up except if u make it followed by trashy communication.

as for AUD on a medium term note i'll go to 0.97. your wiewpoints FORUM
PippedOff
Posted Anonymously
14 years ago
Jan 11, 2010 17:44
OK guys. Thanks for straightening me out. Good to be accepted here.

Once again, I apologize to Ashrad.

Gold looking sickly here. Usd/jpy fighting to hang in there. Usd/ Cad been countertrend all day. It could be usd is putting in a bottom here. Wondering what is keeping aud above 0.93 with gold giving uo $9.
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