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by Ashraf Laidi
Posted: May 4, 2010 14:02
Comments: 347
View Hot-Chart
This thread was started in response to the Hot-Chart:

What's Next for Aussie?

 
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fastpips
surrey, Canada
Posts: 69
14 years ago
May 19, 2010 14:13
Thanks Ashraf, great stuff as always. I have covered mine aus shorts. I would short it again somewhere here.
patriot
Posted Anonymously
14 years ago
May 19, 2010 9:16
slide baby slide
Edric Ou
Singapore
Posts: 21
14 years ago
May 19, 2010 6:26
Hi Mont & all,

Why the magic number 0.8500? which will causes the carry trade to unwind? Care to explain?

Thank you.
montmorency
Abingdon, UK
Posts: 610
14 years ago
May 19, 2010 3:47
Zerohedge's as ever unique take on this:

"Carry Bloodbath Resumes With Full Blown Liquidations Imminent
Submitted by Tyler Durden on 05/18/2010 20:22 -0500

"After earlier we saw the decimation of the European currency, it is now Asia's turn where an impressive bloodbath is now raging. The AUDUSD is in freefall, having moved a massive 300 pips from yesterday's high to today's low. At under 50 pips from 0.855, the AUDUSD will likely breach 0.85 at which point the destruction at carry desks will become an epidemic, and full liquidations will soon ensue, coupled with billion dollar margin calls, forcing global asset liquidations at bulge brackets. With the carry collapse pervasive, don't look to futures to stage any miraculous Fed-inspired ramps tonight: Germany may have well called the Fed's bluff. "
http://www.zerohedge.com/article/carry-bloodbath-resumes-full-blown-liquidations-imminent
Frank
Canada
Posted Anonymously
14 years ago
May 19, 2010 2:25
78 is the next target for Aussie ..

Thanks
Ashraf Laidi
London, UK
Posts: 0
14 years ago
May 19, 2010 2:22
magess, gold still uo as it is only perceived safehaven in the face of the sovereign debt damage but LOOK AT SILVER, which is extending lower. so this raises questions abt GOLD. But AUDUSD will continue to find its own way lower to 0.847 then 0.80

Ashraf
magess
Selangor, Malaysia
Posted Anonymously
14 years ago
May 19, 2010 2:09
Guess what. The deadly cross of AUS/USD is appearing. The 100 MA and 200MA both are crossing now in Daily timeframe. I am wondering why Gold still up and AUS is down.
Ashraf Laidi
UK
Posted Anonymously
14 years ago
May 19, 2010 2:08
MORE LOSSES IN AUDUSD READ MY LATEST IMT AND MY TWEETS RIGHT NOW. MAJOR BREAK HAS JUST HAPPENNED IN AUDUSD

TWITTER.COM/ALAIDI

ASHRAF
Frank
Vancouver, Canada
Posts: 32
14 years ago
May 19, 2010 2:02
Looks like a big sell off in Aussie 85.40 and falling ..

Which is better for a long term hold after they hit bottom AUD or CAD ?
montmorency
UK
Posted Anonymously
14 years ago
May 18, 2010 21:33
I know you really want Ashraf's view, but in the meantime, how about:

- If the stock market really crashes (as some of the gloomier people are saying), how about 0.60?

- If the market shows anything like a real recovery, then maybe we aren't far from the bottom - say 0.8570?

- Give or take anything the RBA might say or do of course.
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