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Posts by "ashraf laidi"

4591 Posts Total by "ashraf laidi":
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Ashraf Laidi
(London, United Kingdom)
147 Posts by Anonymous "ashraf laidi":
Ashraf Laidi
London, UK
Posted Anonymously
15 years ago
May 19, 2009 14:09
Rob, THANKS for the CORRECTION ! thatw as clearly meant to say GOLD !

Ashraf
Ashraf Laidi
London, UK
Posted Anonymously
15 years ago
May 19, 2009 13:48
In Thread: Oil & Yen pairs
seems hard to keep a strong yen down. Bigger than exp decline in US housing starts pushed Dow furtures in red to the benefit of the USD and JPY but see how CADJPY and EURJPY near session lows.

Ashraf
Ashraf Laidi
London, UK
Posted Anonymously
15 years ago
May 19, 2009 10:30
Taha. looks like we will target $1.5570 (200 day MA) and could follow to as high as 1.5720 but not more than that. Watch the US data today. if its better than exp then good for sterling.

Ashraf

Ashraf Laidi
UK
Posted Anonymously
15 years ago
May 13, 2009 13:17
f, I think the threat of renewed risk aversion will continue to dominate the downward trend in CADCHF and outweigh any CHF selling by the SNB. Note the selling is done mainly against EUR. i expect to see 0.85-0.86 by year end of Q3.

Ashraf
Ashraf Laidi
UK
Posted Anonymously
15 years ago
Apr 29, 2009 11:21
TAREKALEX, the daily correlation bween EURJPY and stocks has risen from 0.66 (since March to 0.72 since April 15). Since I expect stocsk to drop back down later next month, i see eurjpy down towards 118 later this summer. but very minimal chances of 115 so far.


GEORG, i dont closely follow ZAR, but AUDZAR has been in mainly consolidation zone since September (6.30 and 7.0). ZAR was badly damaged in past year due to unrest and its eroding production of gold. But just like the Aussie, ZAR has rallied significantly against USD since March, which was the beginning of the RISE in risk appetite.


AMIR, thats the million $$ question. i cannot imagine the FED sitting there, releasing the same statement as last month (no additional purchases) and allowing bond yields to rise further. I see 70% chance Fed announing purchases of more treasuries.. but the QUESTION is will that be ENOUGH to drag down the dollar and help gold? not so sure at the moment.

Ashraf

Ashraf Laidi
UK
Posted Anonymously
15 years ago
Apr 29, 2009 10:50
ROB, not sure if Fed will annnounce the purchase of more treasuries but like i said, in the event that they do (and bond market is convinced that is enough) then falling yields would drag on the dollar and boost gold. EURUSD, AUDUSD, GBPSUD should be a sharp gainers in this event.

FERNANDO, that's a good point about the euro having risen in the days before the Mar 18 FOMC announcement. The Fed right now is more worried about YIELDS than about the DOLLAR. I see a 70% chance the Fed will announce more purchases of treasuries but the QUESTION is will that be ENOUGH to drag down the dollar and help gold? I am not so sure. I see EURUSD capped at 1.3320 for now.

Stay tuned for more updates

Ashraf
Ashraf Laidi
UK
Posted Anonymously
15 years ago
Apr 24, 2009 19:26
In Thread: USDCAD vs S&P500
Georg, I see oil has more upside towards $53-54, while USDX eyes 82.92 as interim target.

JJStone, only if we close above 880.

Kim, de qual acciones ?


Ashraf