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by Ashraf Laidi
Posted: Jan 19, 2010 15:19
Comments: 147
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Euro's Dead Cross

EURUSD's downtrend is now confirmed after its 50-day MA has fallen below its 100-day MA, strengthening the bearish technical signal with an already deteriorating fundamental foundation.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jan 26, 2010 13:28
sydney, markets rallied so USD slipped off a bit. Also, Greeke bond sale went very well so that was reason why euro rose YESTERDAY. but i did say yesterday that euro resistance was limited at 1.42. 1.38 is still my objective/

SYDNEY,

i suggest you do follow me on twitter.com/alaidi and download tweetdeck which would have ENABLED YOU TO GET MY ALMOST REAL TIME INSIGHTS AND ANALYSIS ABOUT WHATS GOING ON THE MARKET. YES, I DO POST IMTs but theyre not as frequent nor as current as the tweets.

Ashraf
sydneyjames
Sydney, Australia
Posts: 348
15 years ago
Jan 26, 2010 2:41
Hi ashraf, The euro/usd has rally up to 1.4165, whats causing this sudden rally and whats the highest price they will go? will the price eventually fall below 1.4000?

Thank you

James
chloethebull
Posted Anonymously
15 years ago
Jan 25, 2010 23:51
thanks said,i decided to hold off on shortn the gbp(1.6240) wanna get it @ 1.6300 or better,im sittin with all cash except for a small position usdcad..gl an thanks for you comments
said
mulhouse, France
Posts: 2822
15 years ago
Jan 25, 2010 22:34
chloe
e lshaer

i join ashraf comment on 1.63
i wont short pound at 1.624 but rather go long but if u plan to short it then make 25-30 pips.
montmorency
Abingdon, UK
Posts: 610
15 years ago
Jan 25, 2010 22:30
Also, do we think Governor King will be talking the pound up, down, or neutrally?
montmorency
Abingdon, UK
Posts: 610
15 years ago
Jan 25, 2010 22:26
@Ashraf: Do you expect the IFO report(s) to have much effect on EUR/USD?


What might the probability be that cable will spike much above 1.63 in the event of better than expected UK GDP?

Thanks.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jan 25, 2010 19:43
Zwan thanks

Karan, do not sell any more. there is a risk that cable will rally towards 1.63 in event of UK GDP coming in better than -3% y/y do NOT add to GBP shorts. 1.6300-1.6350 resistance is here to stay in the event we do see a strong GDP.


FTSE-100, Dow-30 & S&P500 will attempt in regaining their 50-day MAs at 5356, 10452 and 1114 respectively but the resistance is quite robust in these levels.

Ashraf
Karan
Singapore, Singapore
Posts: 83
15 years ago
Jan 25, 2010 16:32
Hi Ashraf,

Seems like cable is rising in anticipation of the GDP.
Do you see a drop despite the positive GDP results?
Also, do you see the Dow recovering beyond 10300
and the FTSE beyond 5300?


Thanks,
Karan
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 25, 2010 16:10
Maria,

As the Goldman-backed Cable Cartel is out in force offering eur/gbp, the euro is in big trouble and ripe to meet Ashraf's targets, all at the expense of gbp shorts.
zwan
qamishli, Syria
Posted Anonymously
15 years ago
Jan 25, 2010 14:04
my friend ashraf

I forget to say you yesterday

congrats for ALGERIA

zwan
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