Forum
Posts by "ashraf laidi"
4591
Posts Total by "ashraf laidi":
147 Posts by Anonymous "ashraf laidi":
Ashraf
Ashraf
Ashraf
Ashraf
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
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
JJStone, only if we close above 880.
Kim, de qual acciones ?
Ashraf