Forum > View Topic (Analytic)
by Ashraf Laidi
Posted: Aug 21, 2008 1:37
Comments: 525
View Analytic
This thread was started in response to the Analytic:

Speculators' Futures FX Positions

The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
 
1...394041424344454647484950515253
mo
liverpool, UK
Posts: 123
15 years ago
Jun 10, 2009 0:51
helllo speculator

Will you buy GBP at 1.63? I personally think the amount of profit you could Gain doesnt justify the risk.
speculator
Posted Anonymously
15 years ago
Jun 10, 2009 0:20
difficult to predict cable as political surprises may influence. but as long as none of that i expect it to trade above where we are as markets will rally from positive house price data. so short term from here i would go long on cable.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 9, 2009 23:04
mo, i'd say cable about 1.65 and usdcad around 1.13. more clarity for dollar decline by year end but summer is tricky. remain adaptable to the market and don't get emotional with one currency

Ashraf
mo
liverpool, UK
Posts: 123
15 years ago
Jun 9, 2009 21:27
Hey Ashraf
Where do you see the GBP/USD and USD/CAD at the end of June?
kind regard
will poho
Toronto, Canada
Posts: 20
15 years ago
Jun 5, 2009 8:25
... inverse head and shoulder
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 5, 2009 7:14
billyounge, where do you see gold head&shoulder? i was looking for oil to test the bottom of the 2 month channel at 64 but the Goldman Sachs report on oil and the Fed's buying of treasuries helped oil. The only thing bringing down oil now is an awful US jobs report. Otherwise, continued USD weakness could extend oil to 76

Ashraf
will poho
Toronto, Canada
Posts: 20
15 years ago
Jun 5, 2009 2:51
... It appears oil is in the last up wave of the Elliot Wave cycle before a wave down. To suppoft this reversal: 1. Currencies on the brink of a 14 week correction. 2. Gold is finnishing a nice head and shoulder pattern.
will poho
Toronto, Canada
Posts: 20
15 years ago
Jun 5, 2009 0:40
You commented on June 3rd that oil was going to break key support at $64... what's your feeling now?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 4, 2009 20:34
Rama, im afraid my SGD chart isnt available. Your logic makes sense and some Asian currencies are pretty cheap especially with Singapore's recession.

Ashraf
Rama
New York, United States
Posts: 5
15 years ago
Jun 4, 2009 15:41
What's your view on Singapore Dollar (SGD) as "Asian Recovery Play"? I am just like your report - bullish on Chinese economy and its currency. However, CNY steady appreciation against the dollar over the past few years has almost stalled. If we assume that China is going to recover - we should expect a stronger trade volume. And if trade volume rises, we should see a recovery in Singapore's economy and this should have a supportive affect on the Singapore dollar. Plus, three months chart (since March) of long SGD & short USD looks very appealing - almost mouth watering. Please give some thoughts and let me know your view.

With Regards,

Rama
Report Reply
1...394041424344454647484950515253