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by Ashraf Laidi
Posted: Jun 10, 2009 18:17
Comments: 208
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This thread was started in response to the Article:

Falling Equities Still Key for Dollar

Intermarket analysis set-up still suggests that fresh equity selling remains the only source of support for the US currency.
 
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Carlco
bristol, UK
Posts: 151
15 years ago
Jul 17, 2009 18:52
also, could this be another 'HEAD' is there such a thing? if not i want to capture the phrase now 'Siamese Twins'
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 17, 2009 18:47
That's a fascinating link ive recently started learning about dark pools, it's getting way too dirty out there!
ive been doing some more number crunching the pe ratio's are just too high for what these companies can deliver , the S&P looks to be forming a doji for the weekend to.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 17, 2009 18:18
Guys, well maybe next week Apple and Yahoo! coudl deliver us the next bout of momentum towards 960s..


Heres that link again http://www.youtube.com/watch?v=2yp0BNyFPAQ

Ashraf
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 17, 2009 18:18
What are ppl opinions on EUR/USD going fwd? It has fluctuated between the 1.38 - 1.41 region for an awfully long time

Gunjack
rajesh68
Singapore
Posts: 60
15 years ago
Jul 17, 2009 17:59
Hi Rajib,

Thanks for the info. However, my question was more related to the effect of announcement. A good bank earning report should be greeted with rise in EURUSD. However it moved on the contrary to lower side. And this puzzled me. Thanks
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 17, 2009 17:24
hey Ashraf, i take it im the 'some' and your being polite! i agree 950 is psychological but the reason i said 1000 is that there really arent any technical or psychological levels to act as a barrier, 'BUT' looking at the p/e forecast from S&P themselves and bashing on the calculator for an hour (im very slow) i couldn't really make a 1000 scenario fit much above a p/e ratio of 20! that is stretching things even if this is a V shaped recovery, i have to say we are going to have to see some real miracles from Euroland , australasia, which aren't there, i do believe we are in recovery, but the equity is all spent, so it doesn't really matter how cheap Japan or China makes their exports to us.
14raj
Kolkata, India
Posts: 210
15 years ago
Jul 17, 2009 15:04
Ashraf,
thank you very much.You only supportd my crude long position which i initiated at $59.80(NYMEX Light).
regards,
Rajib.
14raj
Kolkata, India
Posts: 210
15 years ago
Jul 17, 2009 15:00
hi Rajesh,
I can provide you only the technical clue of EUROUSD.If you take a look at 5 hours chart that i attached here is showing some normal retracement from the resistance zone and 1.4040 is acting as support.A close above 1.4200 will give a real punch to the bears.Even in daily chart too there will be a breakout from the recent consolidation phase.
regards,
Rajib
rajesh68
Singapore
Posts: 60
15 years ago
Jul 17, 2009 14:55
Thanks Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 17, 2009 14:52
raj, some people saying 1000 in S&P but i see we touch 960s and nomore.
rajesh, equity futures did not like the earnings due to 1-time gains for Citigroup and BoA sees problems with the US consumer (see my tweets) hence, dollar was robust vs EUR and GBP.


Ashraf
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