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by Ashraf Laidi
Posted: Jul 16, 2009 17:32
Comments: 89
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This thread was started in response to the Article:

Gauging the Bounce in Appetite

Forex markets have yet to buy into the rally in US equities.
 
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mo
liverpool, UK
Posts: 123
15 years ago
Jul 24, 2009 17:06
Hello Ashraf
Following yesterdays BOC comment regarding any farther strength on the CAD will be negative for the economical growth,

Ashraf at what level aginst the USD do you see the central bank will intervene to steam the appreciation of Canadian dollar?

THANKS
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 24, 2009 14:47
Sal, what you are suggesting is the FIFO (first in first out) thesis, which i disagree with. USD weakness remains big part of the game , yet ability for USD to hold at those support levels must not be confused with STRENGTH. i.e. not falling more no same as strengthening. GBP losses are more of sterling UK story.

Ashraf
Sal
Posted Anonymously
15 years ago
Jul 24, 2009 14:42
Dear Ashraf,

Could the strength in USD be due to investors now believing that, due to recent earnings, the US is going to be the first developed economy coming out of recession? in addition to other minor factors such as growing savings rate and shrinking trade defecit.

Thanks
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 24, 2009 14:25
Amazing rally in CAD against $ do folks think the june res level of 1.0760 could get taken out?
mo
liverpool, UK
Posts: 123
15 years ago
Jul 24, 2009 14:17
hello Qin
I havent read the paper yet I had to go out last night, I will read it over the week end.

Did you miss the most aggressive rally in the CAD I ever seen. It is just breathtaking.
Carlco
UK
Posted Anonymously
15 years ago
Jul 24, 2009 14:14
ashraf, have you any resistance levels for the spx ?
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jul 24, 2009 13:44
Hey, Mo
Are u there? Did you finish reading the paper yet?

As I said before, I don't 100% trust the paper. What do you think about it?
aechon
Canada
Posts: 3
15 years ago
Jul 24, 2009 12:59
Hi, Ashraf,
With the EUR breaking back overnight is your call for 1.3850 by month end affected ?. And, do you think that .82 is a pretty hard cap for the Aussie at present ?.
Many thanks,
aechon
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 24, 2009 12:22
@Carlco Iv been with you on a long spx since the early/mid 900s...have ridden the wave all the way, hoping for the 1000 breach some time in the coming weeks
Speculator
Posted Anonymously
15 years ago
Jul 24, 2009 12:12
it was not stupid carclo well done! but what happens after that is even more cloudy
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