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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.

  • $1.32 Euro Now Under Construction

    Published 03 February 2010 | viewed 2,662 times

    We pointed out 2 weeks ago that the ongoing decline (weakening) of the once strong inverse correlation between equities and USD would lead to a…

  • Euro's Dead Cross

    Published 19 January 2010 | viewed 3,314 times

    Euro's Dead Cross (or Achilles Heel) EURUSD's 50-day moving average has now fallen below its 100-day MA, which is referred to as a dead cross.…

  • Dollar Sobers Up Despite Fed PunchBowl

    Published 06 January 2010 | viewed 2,280 times

    The US dollar builds on its newly acquired robustness amid the FOMCs modest economic upgrade with regards to labour markets and the reiteration of the…

  • Yen's Perfect Storm

    Published 27 November 2009 | viewed 3,973 times

    The Yen's Perfect Storm escalated overnight amid the combination of unexpected decline in Japanese unemployment and falling global equity futures following the Dubai fallout. FX…

  • USD Weakness Couldn't Do the Trick

    Published 20 November 2009 | viewed 3,138 times

    Another Friday, Another Yen Day While the dollar rebound accelerates on broadening risk aversion, the Japanese yen remains the best performer among major FX, just…

  • Don't Forget the Yen

    Published 10 November 2009 | viewed 3,225 times

    Much has been said about the US dollar's role as a funding currency for carry trades and its well publicized rebound during the most recent…

  • Awaiting More Current Consumer Version

    Published 30 October 2009 | viewed 2,171 times

    24 hours after markets witnessed a powerful 3.4% consumer component (highest since Q1 2007) in Q3 GDP, they will obtain a more current version of…

  • Watch the Consumer in GDP

    Published 29 October 2009 | viewed 2,792 times

    Aside from whether US Q3 GDP growth will stand above the 3.0%, markets will watch the contribution from the US consumer versus that of inventory…

  • 1047 vs 1.470 Euro vs SP500

    Published 28 October 2009 | viewed 2,781 times

    1.4700 on EURUSD and 1,047 on S&P500 represent levels of major trend line support holding since the March lows and are both being under threat…

  • Parameters in Equities, Oil

    Published 23 October 2009 | viewed 2,349 times

    Last week's oil price break above $75 was an essential catalyst in accelerating the pace of USD selling beyond $1.50 in EURUSD, 0.93 in AUDUSD,…

  • FX Talk Gets Cheap

    Published 20 October 2009 | viewed 2,852 times

    G7 finance ministers and central bankers ought to realize that their USD-supporting rhetoric (Bernanke, Lagarde and Trichet) will be devalued by a currency market that…

  • USD Awaits Fed's Speech Blitz

    Published 19 October 2009 | viewed 3,248 times

    The week's upcoming blitz of Fed speeches starts with Bernanke's speech about Asia and the crisis (15:00 GMT). All voting members at this year's FOMC…

  • Disinflation Threat to QE Currencies

    Published 13 October 2009 | viewed 3,852 times

    Even the tumbling USD has hit a 5-month high against the British pound. Such is the state of the deteriorating GBP as UK CPI hits…

  • Multi-FX Gold View and Shanghai Reminder

    Published 07 October 2009 | viewed 3,133 times

    The story from the Independent about Arab Gulf States & China looking for alternatives to the US dollar could be dismissed for now due to…

  • Yield Curves, FX and LIBOR Trends

    Published 23 September 2009 | viewed 3,500 times

    While FX trading seems to become increasingly bifurcated (broad USD weakness & broad JPY strength or vice versa), the unfolding trend remains a concerted move…

  • Unusual FX Action?

    Published 11 September 2009 | viewed 3,512 times

    Today's fresh 9-month high of $1.4627 in EURUSD coincides top of the rally in mid December (when FOMC moved to 0.25%) and the Lehman high…

  • VIX, Oil, BRICS and Sterling's Sell-Appeal

    Published 22 August 2009 | viewed 3,144 times

    Just when we started highlighting the case for peaking risk appetite in last week's article, oil prices picked up the mantle for the bulls and…

  • Unsustainable Appetite in FX, Equities and Oil

    Published 13 August 2009 | viewed 3,572 times

    The Faces of Dissipating Appetite The 4 charts below display the emerging challenges for risk overall risk appetite as manifested through EURUSD, GBPUSD, S&P500 and…

  • Dollar Stabilization and Stock/Gold Ratio

    Published 28 July 2009 | viewed 3,494 times

    Dollar weakness has been excessive...at least for now.. The overnight wave of dollar selling was mostly led by a fresh wave of buying in commodity…

  • Gauging the Bounce in Appetite

    Published 16 July 2009 | viewed 2,979 times

    The explosive surge in risk appetite following the earnings blowout from Goldman and Intel is posing serious threat to the validity of the Head-&-shoulder formations…