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Ashraf Laidi

Ashraf Laidi

CMC Markets

Contributor since: 26 Feb 2010


Ashraf Laidi is Chief FX Strategist at CMC Markets and author of "Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets" Wiley Trading.

  • ECB Peripheral Divergence and EURUSD

    Published 16 March 2011 | viewed 0 times

    The primary reason for the currency's stabilization earlier this year and the subsequent 10% rally from early Jan was the ECB's hawkish rhetoric in the…

  • Euro: New Year, New Challenges

    Published 05 January 2011 | viewed 0 times

    One interesting aspect of todays blow out +297K rise in Dec ADP is the cautious interpretations circulated for Fridays release of Dec Nonfarm payrolls. Recall…

  • Another Ominous Euro Divergence

    Published 10 December 2010 | viewed 0 times

    China's latest action to raise banks' reserve requirement ratios is no longer weighing on market sentiment as participants expect the more aggressive option of higher…

  • Deja-Vu from 52 Weeks Ago?

    Published 01 December 2010 | viewed 0 times

    US dollar stabilizes up as US bond yields push higher following the 93K increase in Nov ADP (highest since Nov 2007) and the October revision…

  • EURGBP and Gold vs Aussie Signals

    Published 15 November 2010 | viewed 0 times

    The escalating negative dynamics surrounding the euro must be assessed carefully when drawing conclusions over EURUSD. A decline below $1.3550 remains unlikely for now. Rather,…

  • Gold/Oil Ratio Signals and Latest QE Path

    Published 05 October 2010 | viewed 0 times

    Gold/Oil Ratio Against Equities In my September 1st piece, I argued the importance of valuing Gold relative to Silver via the Gold/Silver ratio, concluding that…

  • Forex Battle

    Published 16 September 2010 | viewed 0 times

    China-Japan Forex Battle. While many have assessed Japan's powerful intervention (JPY 2 trillion worth of currency selling) via the lens of the US dollar, the…

  • The QE Case for Gold and Silver

    Published 03 September 2010 | viewed 0 times

    The case for metals remains not that of outright inflation but that of central banks prolonged liquidity drives. Currencies will gain/fall versus one another, but…

  • EURIBOR, Euro and USD Index

    Published 04 August 2010 | viewed 0 times

    Many have expressed skepticism with strength of the euro at a time when EURIBOR and EUR-Libor rates remained on the rise. EUR 3-month LIBOR stands…

  • Yen Draws Safe Haven Share

    Published 16 July 2010 | viewed 0 times

    As long as US economic data shows fresh round of deterioration, and the Eurozone is able to supress event risk on the sovereign front, the…

  • Eurozone Core, USD Index and Swiss Knife

    Published 11 June 2010 | viewed 0 times

    The 1.2% decline in US April retail sales deals a rude awakening to the low-volume rally in equities as well as the recent bounce in…

  • FX Interventions, Aussie and Gold

    Published 19 May 2010 | viewed 0 times

    Since neither the 750 bln IMF/EU/ECB package nor Germanys announcement to ban naked shorts succeeded in alleviating selling in the euro, coordinated central bank intervention…

  • ECB Intervention is Inevitable

    Published 19 May 2010 | viewed 0 times

    The massive 200-pip jump in EURCHF in less than 10 minutes (13:00-13:10 BST) is the work of no other than the Swiss National Bank intervening…

  • 1999 and 2010 Similarities in USD, Euro

    Published 04 May 2010 | viewed 0 times

    Starting the month on a high note, the US dollar index could be in for the 6th consecutive monthly gain, which was last seen in…

  • FX Refuge into USD from Greece, UK Debate

    Published 22 April 2010 | viewed 0 times

    The current pullback in equities adds to the USD gains especially as the greenback benefits from Greek uncertainty and further lead in the LDP's standing…

  • BDI's Peaking Impact and Stocks' Barrier

    Published 19 April 2010 | viewed 0 times

    Baltic Dry Index Peaking Impact The 1-month lag between the Baltic Dry Index and selected commodities strikes again. The BDI, a daily index of shipping…

  • Signals from Commodities and LIBOR

    Published 30 March 2010 | viewed 1,434 times

    The impact of interest rate differentials on FX is highlighted by the fact that the correlation between EURUSD and GE-US 10-year yields is now at…

  • SP500 / VIX Ratio and USD LIBOR

    Published 08 March 2010 | viewed 2,208 times

    Exactly fifty two weeks after the S&P500 hit its 12-year lows at 666, the index rose 68%, driving down the VIX near January's 19-month lows.…

  • GBP New Path of Least Resistance for USD

    Published 01 March 2010 | viewed 1,963 times

    The escalating negative dynamics surrounding GBP are giving FX traders a new means of going "long USD", as excessive shorts in EUR risk a short…

  • Gold Catching Down with Euro

    Published 23 February 2010 | viewed 2,113 times

    Readers of the last 4 articles (since Jan 4) were given several technical and fundamental argumenst calling for more declines in EURUSD. Here's another one,…