Ashraf Laidi

CMC Markets

Contributor since: 26 Feb 2010

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• Dollar Stability Choppy and Temporary

  Published 06 July 2009 | viewed 3,108 times

  Sterling leads the list of currencies losing against the dollar and yen amid widespread expectations the Bank of England will exercise its quantitative easing expansion…

• Green Shoots Fatigue and Intermarket Setup

  Published 29 June 2009 | viewed 3,094 times

  There are more substantive fundamental and technical grounds that the recent pullback in equities and global bond yields will extend throughout Q3 to the benefit…

• Exiting the Exit Strategy

  Published 19 June 2009 | viewed 2,777 times

  Neither the Fed, the Bank of England or the Bank of Canada can or plan to exit their quantitative easing policies any time soon. Thursday's…

• Falling Equities Still Key for the Dollar

  Published 10 June 2009 | viewed 3,454 times

  The intermarket relationship underpinning the US currency and global equities remains largely unhinged, with falling equities persisting as the longe saviour for the corroding US…

• Yield Shoots, Dollar Leaves

  Published 28 May 2009 | viewed 3,420 times

  Talk of Fed Exit Strategy is Premature. Yesterdays 23-basis point jump in 10-year yields to 3.74% may have been helped by mortgage backed securities traders…

• Dollar Slashed as Fed Goes Shopping

  Published 20 May 2009 | viewed 3,474 times

  Today's serious case of dollar damage was once again made courtesy of the nations central bank. The Feds purchase of $7.7 bln in 7 and…

• Oil to Underperform Metals

  Published 15 May 2009 | viewed 3,376 times

  While both oil and equity indices reveal preliminary signs of a consolidation, downward momentum is particularly expected to weigh on oil. This is especially supported…

• Golden Chance from FX Equity Play

  Published 07 May 2009 | viewed 3,598 times

  You must have read by now that about 70% of activity in currency markets over the last 2 years has been largely driven by risk…

• Rising Yields Fight the Fed

  Published 28 April 2009 | viewed 4,285 times

  Cant' fight the Fed? Bond vigilantes are fighting the Fed and winning at bidding up bond yields. Short of another shock-&-awe policy announcement this Wednesday,…

• Selective Carry Trades in FX/Equities

  Published 15 April 2009 | viewed 3,201 times

  Global risk aversion gradually returns as equity indices struggle in passing the earnings test. Our oft-mentioned 860-865 target in the S&P500 denoting the +30% rally…

• Aussie's Latest Boost

  Published 02 April 2009 | viewed 2,989 times

  Before exploring the latest boost to the Aussie, let's first go over today's surprisingly smaller than expected 25-bp rate cut from the European Central Bank.…

• Gauging the Turn in Dollar, Gold and Oil

  Published 20 March 2009 | viewed 4,159 times

  The FOMC announcement of March 18, December 16 and September 16 each produced an interventionist surprise at the expense of the dollar. But unlike in…

• Here Comes the 2-Month Cycle

  Published 13 March 2009 | viewed 4,542 times

  Friday 13 may imply plenty of luck for global equity markets as it could confirm the beginning of a 2-month rally in the major indices…

• FX, Bond Yields and Oil Prices

  Published 10 March 2009 | viewed 4,793 times

  Oil gains 40% from its February lows, trading at $47.47, and $1.00 below its 100-day moving average, a trend that hasn't been broken since August…

• Loonie's Falling Downside

  Published 02 March 2009 | viewed 4,849 times

  While the dollar and the yen continue to prove being the strongest currencies during falling equities, let's focus on the currency with the combination of…

• Equity/Gold Ratio's 40 yr Cycle

  Published 18 February 2009 | viewed 6,648 times

  With gold prices only 7% away from their record highs and the main equity indices 45-50% below their highs, an analysis of the equity/gold ratio…

• Gold's Net Longs and the Gold/Oil Ratio

  Published 12 February 2009 | viewed 4,718 times

  The latest run-up in gold's secular bull market has reaches 7-month highs of $947/oz, triggered by an initial decline in the US dollar following a…

• Aussie's Risk-Based Bounce

  Published 03 February 2009 | viewed 2,927 times

  Aussie is the days best performing currency out of a group of 9 currencies due to market optimism resulting from the latest government stimulus package…

• How Gold Links Treasuries and the Dollar

  Published 26 January 2009 | viewed 3,357 times

  US Dollar & Treasuries. The emergence of last week's unsual direct relation between the dollar and gold provided a valuable signal to the validity of…

• Sterling's Damage and Geithner's Dollar Policy

  Published 22 January 2009 | viewed 5,328 times

  Currency market participants are faced with increasingly diverse options amid the deepening erosion of risk appetite, persistent banking losses and deteriorating measures of corporate and…