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by Ashraf Laidi
Posted: Aug 21, 2008 1:37
Comments: 525
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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.
 
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Speculator
Posted Anonymously
15 years ago
Jun 3, 2009 16:52
could the dip in cable be a new downtrend or buying opportunity? ashraf what do you think.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 3, 2009 14:05
Thanks Dema. if there's a single currency that i have been bullish on it's the Aussie...since Dec.

Ashraf
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 3, 2009 14:01
Thank you ashraf , I have small margin stop loss at 1.077 . i.e 30 point
I found some currency research outlook
http://research.cibcwm.com/economic_public/download/fxmay09.pdf

In the research they highlight the positive long term outlook for the commodity base currency i.e AUD, NZD
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 3, 2009 13:41
Dema, good luck. friday's jobs numbers from Canada 1.5 hours BEFORE the release of the US jobs numbers and they could be bad. expect canadian payrolls DOWN 43K from UP 36K. we could hit 1.10 by end of this week if stocks are spooked by jobs. but unsure about 1.17.

Ashraf
forextrader
vologda, Russia
Posts: 127
15 years ago
Jun 3, 2009 10:52
Hello
I want long with six standard lots at 1.08 USD/CAD. My target is 1.15 - 1.18. Hopefully will be their before in 2-3 months time. Wish me luck my friends
Dema
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 29, 2009 23:15
Cougr, Yes, I would suppose so. I'd have to see it to believe it.

Ashraf
cougr
Australia
Posts: 101
15 years ago
May 29, 2009 21:13
"....We need severe deleveraing accompanied with drop in oil for USDCAD to jump back up ".
do
When this occurs ,would it be reasonable to assume that the eurusd audusd and cadjpy to have correllating downward corrections?
mo
liverpool, UK
Posts: 123
15 years ago
May 29, 2009 16:00
Sorry
on the 6th of October /2008 the S&P 500 was standing at 1056
mo
liverpool, UK
Posts: 123
15 years ago
May 29, 2009 15:48

Thank you Ashraf

I also would like to high light that last time usd/cad reached 1.10 was on the 6th of October last year , at that time the S&P 500 was standing at 1320 , Dow was 10066, and oil at 82 ,

And before that on May /2006
S&P 500 was standing at 1320 , Dow 11500, and oil at 64.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 29, 2009 15:46
mo, there's stll room towards 1.08 and 1.03. We need severe deleveraing accompanied with drop in oil for USDCAD to jump back up. 60% chance of that happening by end of summer. But USD weakness such a major factor.

Rama, agreed on fiscal balance, which supports my forecast for 1.08 (0.93) in USDCAD followed by 1.03 (0.97).

Ashraf
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