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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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Deton8r
Posted Anonymously
14 years ago
Dec 5, 2009 2:53
Ashraf, since you wrote these very words last week, the yen is down over 5% against $:

"Thus, Japanese bureaucrats may continue talking down the currency, but as long as the BoJ remains insistent on gradually exiting its strategy of emergency liquidity measures & issuing brighter economic outlook, yen downside would remain limited--especially if the Dubai Debt fallout is accelerated in world bourse via year-end profit-taking."

What do you see this downside that you speak of limited by? A 5% move in one week is pretty big, in my book.
asad
London, UK
Posted Anonymously
14 years ago
Dec 5, 2009 2:22
Ashraf,

Funny that you mention yen on a five-week spectrum. Oil made it weak five weeks on trot! :)


Asad
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 5, 2009 2:19
Everyone, UNLIKE the previous 5 weeks when i constantly warned of yen strength occuring on a friday. this week i never said the yen would rally. In fact, my IMTs this week ( December 3, 2009 21:15 ET: YEN & DOLLAR TAKE TURNS) CAREFULLY WARNED of JPY carrying the burden of the carry trades, relieving the USD of it. It's actually in Thursday's FT. make a search under my name in ft.com and you will find it.

congrats ayman

Ashraf
Deton8r
Posted Anonymously
14 years ago
Dec 4, 2009 22:13
A truly disastrous day for yen bulls, this is really bad.
aymankhlifat
amman, Jordan
Posted Anonymously
14 years ago
Dec 4, 2009 13:48
hi mr ashraf....i have made more than (+725) pips because of your comments (3 months ago) ...thanks so so so much,,you are great man.
ayman,,jordan
anauel63
london, UK
Posts: 34
14 years ago
Dec 4, 2009 10:44
Hi Ashraf, can you share an academic view on the effect of BOJ's stimulus on the JPY?
seems like the yen crosses want to go higher
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 2, 2009 12:19
headofcurve, i wrote about sp/gold ratio abt 3 months ago indicating how the resistance was hard to break at 1.10 (38% retarcement) and it would resume its downtrend. ratio is now at 7 months low.

Ashraf
head of the curve
Abu Dhabi, United Arab Emirates
Posts: 15
14 years ago
Dec 2, 2009 11:36
hi ashraf

i think of the relative strength of Gold over the S&P 500 chart can please write article about. gold is outperforming the stocks but my quastion is according to chart will the gold rally end and then we will see the gold collapsing
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 2, 2009 1:19
pollux, since GBP is deepening losses across the board (cable trade likely heading toward 1.65) id say GBPCHF starting to appear more negative from its 4 hr chart looking for 1.654

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 2, 2009 1:04
hasseena, perhaps but more likely for Asian session

deton, weve been there before so very possible but CAREFUL on CAN jobs report on Fri.

Ashraf
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