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by Ashraf Laidi
Posted: Nov 27, 2009 16:51
Comments: 404
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This thread was started in response to the Article:

Gold & Yen's Perfect Desert Storm

Yen strength still eclipsing USD rebounds during risk aversion. while gold's ascent is better gauged against currencies other than the US dollar.
 
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Rob
New York, United States
Posts: 305
14 years ago
Dec 17, 2009 19:34
Thanks a lot, it still does appear that traders see 1.5000 as the line in the sand - thanks
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 17, 2009 19:29
Rob, eurchf is all about EUR weakness these days and not CHF strength so maybe SNB thinks any efforts to sell CHF will be futile. technical selling could also be the culprit (look at EURUSD) so SNB could wait.

Ashraf
Rob
New York, United States
Posts: 305
14 years ago
Dec 17, 2009 19:19
Hey Ashraf,

I'm feeling a little dubious about this SNB intervention in EUR/CHF - I could have sworn they maintained their stance on not wanting CHF strength - especially against the EUR. Any thought? Thanks for all.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 17, 2009 17:00
Chloe READ MY LATEST IMT and TWITTER ON USDJPY. 90.40 will break and im opening the gates towards 90.70 followed by 91.20. Support is climbing to 90. Fresh USDJPY downside may not take place until after later January.

Ashraf
chloethebull
Posted Anonymously
14 years ago
Dec 17, 2009 10:26
ashraf u said there is limited upside in yen @90.40..i saw 90.23 last night would it be good short @ such levels..or do you see further usd across all or most other pairs thanks..still holding 1 position of usdcad..thanks
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 17, 2009 10:04
Rob, i mentioned 90.40 resistance yesterday's IMT.

Karan, strange how gold still holds despite euro decline but i see support at 1070.

Ashraf
Karan
Singapore, Singapore
Posts: 83
14 years ago
Dec 16, 2009 23:52
Hi Ashraf,

Where do you see gold finishing into the end of this year taking into account
USD strength?


Rgds,

Karan
Rob
New York, United States
Posts: 305
14 years ago
Dec 16, 2009 19:39
Hi Ashraf,

Thanks for the tweets and commentary - I was wondering your thoughts on USD/JPY. Do you see much (or any) upside beyond 90.00? Thanks a lot.
mckinnovation
Dublin, Ireland
Posts: 49
14 years ago
Dec 16, 2009 14:04
Thanks for this one and for running this website + tweets. It definetely upped my game.

Maciek
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 16, 2009 7:36
Mckin, just came across a WSJ article talking about the Gold/Silver ratio. i still expect silver to outperform gold but in short term, i see risk of falling towards 16.70 and potentially 16. Im still a buyer even at 15.

Ashraf
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