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by Ashraf Laidi
Posted: Aug 21, 2008 1:37
Comments: 525
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This thread was started in response to the Analytic:

Speculators' Futures FX Positions

The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 27, 2009 11:15
bubbles, thks for generating the discussion. but im afraid im sticking with my euro longs, targetting 1.47.

Rezz, as long as 1.37 is not broken this week, 1.47 could happen as early as mid June.


Carlco, I agree. support below 1.37 stands at 1.35 and we're unlikely to see that without big equity market damage.

Ashraf
Carlco
bristol, UK
Posts: 151
15 years ago
May 27, 2009 9:40
ashraf thanks for the green light, but i do beilieve we need a better editing forum facility, you might need to police arguments, which might take up even MORE time!
i don't like EURUSD shorting, not quite yet, best to follow the trend up we have a huge US auction these next few days, looks like equity markets are holding and the MOMENTUM is OUT of dollar, Euro is for next week i think, bad news is coming out of europe though, but i would'nt want to pull the trigger on the EURUSD just yet.
Rezz
Vancouver, Canada
Posts: 53
15 years ago
May 27, 2009 2:02
bubbles, so are you betting on increasing rates? Eurodollar futures are for interest rate moves, or did you mean shorting EURUSD at 1.40ish?
bubbles
Vancouver, Canada
Posted Anonymously
15 years ago
May 27, 2009 1:51
Hi everyone i've begun selling the eurodollar contract. Is anyone else doing this trade?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 26, 2009 23:43
i encourage everyone to express their opinions by answering others' questions stating their rationale. As much as i enjoy answering questions, it's a little challenging doing it constantly throughout the day. So come on guys (and girls), discuss, chat and express away.

Thanks for your input

Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 26, 2009 23:18
speculator, that reflects euro's anti-dollar role and the lack of Eurozone quant easing seen in the UK.

Ashraf
SPECULATOR
LONDON, UK
Posts: 17
15 years ago
May 26, 2009 22:54
ashraf, i can see but the cable net shorts are still intact unlike euro/dollar that has changed recently
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 26, 2009 22:10
spec, if you look at the GBPUSD section of the Speculative Futures, you will see that traders are still NET short GBP vs USD (gray bars), but the shorts are at their LOWEST level since July. While EURUSD net longs are at their highest since July, GBPUSD NET SHORTS are lowest since July, which means that DOLLAR positioning is at its WORST positioning PRE-LEHMAN CRISIS.

Ashraf
SPECULATOR
LONDON, UK
Posts: 17
15 years ago
May 26, 2009 21:41
ashraf,

thanks for your interesting chart.

have you got the latest for cable as i would like to see the position as of last week if possible.

thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
May 17, 2009 23:20
Javier, OK. Thks

Ashraf
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