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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.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 3, 2008 6:10
Nour,

$640 is a major low, 76% retracement of the low from July 2005. Oil foundation stands at $48-55. Careful from Sterling. 50-bp rate cut this week is assured. talk of a 75-bp move.

Ashraf
Nour
Amman, Jordan
Posted Anonymously
15 years ago
Nov 3, 2008 5:12
thanks ashraf ,

do u mean that we might see oil higher again? what do u mean by rally exactly plz and if u have some targets for gold and oil

thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 2, 2008 23:25
Hi Wasim,

Nice to hear from you. GBP remains more of a short-term bearish play during each intermittent gains. How war more ill it go? It is time for a sharp rebound to as high as $1.75, but I dont think we have seen the lows yet. $1.45-1.46 remains very plausible. More rate cuts ahead by the Bank of England. 50-bps seen this Thursday.
Best
Ashraf
wasim zayed
Amman, Jordan
Posted Anonymously
15 years ago
Nov 2, 2008 18:59
Hello Mr. Ashraf;

I still recall ur quote when u said " GBP will be the biggest loser in 2008" , that was back in the end of 2007 and again usaid the same in 2008... I always follow ur comments and its really really helpful.

D u think the GBP still going to the 1.50 -1.45 this year ?

regards
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 2, 2008 6:22
Hi Nour,

I prefer gold to oil. Im not an expert is oil but id say it could drop as low as $55. $45 is a major low. If you want to speculate in commodities, you're better off doing it in Gold, which i consider better favored than oil. As I said before, within the next 3 months, we should see a major rally in metals.

Ashraf
Nour
Amman, Jordan
Posted Anonymously
15 years ago
Nov 1, 2008 19:54
Shraf,

what about oil prices, another record low for the oil and the question is how much lower will it go ?

in the next couple of weeks where do u expect it to go to the upside and to the downside too ?

thanks
Martha
United States
Posted Anonymously
15 years ago
Oct 30, 2008 11:54
Thanks Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 30, 2008 5:11
Martha, Australia's intervention to support the Aussie is likely to be more as INeffective as New Zealand's intervention to bring down the Kiwi back in 2006. These countries have relatively small FX reserves and are not known for successful FX interventions like the Japanese were in the early 2000s or 1990s. if your'e swing trader then sure, you should be aware of such actions. Bottom line, dont use more than 20% of your account in one position.
Ashraf
Martha
New York, United States
Posted Anonymously
15 years ago
Oct 29, 2008 20:44
hi Ashraf... this site is very helpful. thank you. I see on Reuters that the Reserve Bank Australia is buying aussie dollars to prop up the currency.. ('make the decline less disorderly') does this figure in your analysis? Should it figure in our trading?
Phil
Jamaica
Posted Anonymously
15 years ago
Oct 29, 2008 2:16
I second Rodney's sentiment; let the focus remain where it is.
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