Ashraf Laidi

CMC Markets

Contributor since: 26 Feb 2010

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• 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 2,053 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 2,854 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 2,530 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 2,657 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,…