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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.
 
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jun 4, 2009 9:54
bluecheap, the losses in Asia weren't pronounced enough for CAD to drop. place stops at 87.70-80. Bank of Canada decision at 13:00 gmt and PMI at 14:00 will be key.

Ashraf
bluecheap
Singapore, Singapore
Posts: 15
14 years ago
Jun 4, 2009 9:47
hi Ashraf, CAD/JPY has not hit our target of 85.80 and is now trading at 87.30.
Do you still have the same views here? Thanks.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jun 3, 2009 19:01
blucheap, goo dquestion. i say BOTH are good shorts. but with AUDCAD losing, i see MORE SCOPE for CADJPY to lose as oil is about to break below that 64 treld line support.

the next 12 hours should produce some great moves

Ashraf
bluecheap
Singapore, Singapore
Posts: 15
14 years ago
Jun 3, 2009 18:51
Hi Ashraf, which one is better to short? CAD/JPY or AUD/JPY? Thanks.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jun 3, 2009 18:24
Pipples, not good idea to short same currency against different currencies especially with sterling being expensive (draw more margin). Consider selling CADJPY for 85.80 and 85.20. GBPJPY prelim support at 1530.50, 152.70. GBPUSD seen at 1.6130.

Ashraf
Pipples
Yorkshire, UK
Posts: 34
14 years ago
Jun 3, 2009 18:18
Thanks Ashraf. Am short GBP/YEN and GBP/USD. Any suggestions for stops?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jun 3, 2009 18:03
bluecheap, yes i do FOR NOW. USDCAD eyes 1.1130 then 1.1250 and CADJPY eyes 85.80 and 85.10.

Ashraf
bluecheap
Singapore, Singapore
Posts: 15
14 years ago
Jun 3, 2009 18:00
hi Ashraf, do you think USD/CAD is a reversal now? will it continue its uptrend till asian session?
forextrader
vologda, Russia
Posts: 127
14 years ago
Jun 3, 2009 17:37
what a wondarful day!!
250 point in half a day in the usd/cad , almost 14,000 $ in the green. not a bad working day.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jun 3, 2009 17:02
Spec, all currencies are down vs USD but GBP is accelerating losses due to news of RESHUFFLE in the Govt including a potential resgination of Darling. EURGBP eeys 0.8720.

Ashraf