Forum > View Topic (Article)
by Ashraf Laidi
Posted: Jul 6, 2009 14:55
Comments: 61
View Article
This thread was started in response to the Article:

Dollar Stability Choppy & Temporary

The dollar's much anticipated stabilization is bound to be choppy at best
 
1234567
Speculator
Posted Anonymously
15 years ago
Jul 8, 2009 16:57
apparently jim rogers has no shorts at present as he believes money printing will up all asset prices indefinitely.

i think someone should inform him that he should take at least a temporary short in his commodity exposure.

oil could easily fall to early 50s by the end of the month and is crystal clear from all the signals coming out.
Carlco
UK
Posted Anonymously
15 years ago
Jul 8, 2009 16:45
Ashraf, if oil is falling to $50-5 and USD is supported by falling equities then surely that makes for better economic stimulus ie relatively cheap oil for the world ?
Also although index's have fallen today FTSE retrace on this rally i have key levels 4110 then 3988, S&P 845 then 813. BOTH RSI's have fallen below 30 and %K on both look set to cross later today/tomorrow, i just can't see more than 30 points coming off S&P before a rally. Although FTSE looks close to its 4110 support, it looks like a rally is imminent.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 8, 2009 16:31
Mojo, USD is looking bullish vs everythng except JPY. see my latest article; yields down, stocks down, dollar up, oil down ALL PART OF TUMBLING RISK APPETITE./. it's all very simple now.

spec, if you read carefully, i said correlation would WEAKEN LATER IN THE YEAR NOT NOW. my last tweets and IMTs have made it very clear that long USD & JPY remains name of the game..

Now lets wait for that USDCAD to hit 1.17 as oil is slammed down.

Ashraf
Speculator
Posted Anonymously
15 years ago
Jul 8, 2009 16:27
it does not seem like the correlation of equities movements and dollar are weakening as expected ashraf.

the yen is clearly going to be the beneficiary along with the dollar.

you would be a fool not to short cable now as sterling will get hammered along with canadian vs dollar in the short term. no more evidence is required from government stimulus to confirm current downtrend in risk appetite.
Mojo
United States
Posted Anonymously
15 years ago
Jul 8, 2009 16:07
Good Morning Ashraf,

Just read your tweets.

So is Oil getting slammed going to be a bullish event for the dollar? USDCHF has several piercing pattern candles and a hammer on the charts this morning. Its looking bullish.

What are your thoughts?

Mojo.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 8, 2009 15:27
spec, the oil decline is becoming harder to ignore and it;s all about figuring out how limited is the rebound in risk appetite for people to get on the risk aversion trade again.USDJPY shows the LEAST MYSTERY

JMX, IdeaGlobal is a separate company, whose analytics are on MarketMaker. But no affiiation. I do agree with their long from 1.3890 but my $1.3820 objective is slightly longer term (later in week) which could materialize tomorrow..perhaps after BoE announcement and US earnings.

Ashraf
cougr
Australia
Posts: 101
15 years ago
Jul 8, 2009 15:15
Spec ,too much action in the markets currently so focus is there.
Jmx
Singapore
Posts: 44
15 years ago
Jul 8, 2009 14:51
Ashraf,

I am currrently using cmc market maker. you looking for euro to 1.3820 but cmc call for long at 1.3891 ( from IdeaGlobal )?? so is ideaglobal related to CMC??
Speculator
Posted Anonymously
15 years ago
Jul 8, 2009 14:33
its gone rather quiet here lately and seems like im talking to myself most of the time.

i presume that you are all busy trading and making money
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 8, 2009 0:03
thks for that link Rob. i posted a link to that oil story late last week on twitter..when the Financial Times broke the details. For those of you havent started using Twitter, it is increasingly becoming an important tool for those who follow ongoing trades, tips and analysis as well as news. Especially the retail trader who's not able to stay on the market's pulse 100% during the day. Downloading Tweetdeck helps you hear new alerts each time a tweet is on and enables better and efficient management of time and ideas.
http://www.twitter.com/alaidi
www.tweetdeck.com

Ashraf
Report Reply
1234567