Ashraf Laidi

CMC Markets

Contributor since: 26 Feb 2010

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• $1.32 Euro Now Under Construction

  Published 03 February 2010 | viewed 2,771 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 3,389 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 2,359 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 4,063 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 3,229 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 3,306 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 2,247 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 2,882 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 2,847 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 2,433 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 2,937 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 3,367 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 3,954 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 3,228 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 3,593 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 3,611 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 3,242 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 3,661 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 3,583 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 3,067 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…