• 10 hours The U.S. Has The Tech To Go Green, But Will It Use It?
  • 16 hours Massive Losses Force Russian Commodities Giant To Slash Dividends
  • 1 day Markets Up On Stimulus Hope
  • 2 days UK To Invest In Europe's First Geothermal Lithium Recovery Plant
  • 2 days TikTok Takes Center Stage In US-China Tech War
  • 3 days Are Semiconductor Stocks Overvalued?
  • 3 days Jobs Report Doesn’t Say Much Amid COVID Uncertainty
  • 4 days Crypto FOMO Heats Up As Bitcoin Climbs Above $11,000
  • 5 days Aluminum Is Bouncing Back In China
  • 5 days The Deep-Sea Mining Debate
  • 5 days Markets Trending Down Despite Tech Blow-Out
  • 6 days Big Oil Battered On Dismal Earnings
  • 6 days Russian Billionaire Bails On Mid-Sized Gold Miner
  • 7 days Gold Stocks Gear Up For A Big Autumn
  • 7 days America Is Looking To Bring Nuclear Power To Space
  • 8 days What Is Behind Gold's Astonishing Rally?
  • 8 days Stocks Tumble On Brutal Economic Report
  • 9 days Kodak Soars By 400% After Trump Bump
  • 10 days U.S. Coal Production Falls To 42 Year Lows
  • 10 days Indonesia Moves To Bolster Mining Sector

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.

  • Prolonged Risk Aversion Until Obamas Inauguration

    Published 15 January 2009 | viewed 3,123 times

    Prolonged risk aversion is expected to ensue until Tuesdays presidential inauguration brings in a temporary feel good rally. Having made their third failed attempt to…

  • Zero-Bound Fed Breaks Dollar

    Published 16 December 2008 | viewed 3,192 times

    The Fed's shift towards a range of 0-0.25% in its fed funds target zero intensifies the yield assault to the dollar, leaving little chance for…

  • Detroit Spoils Dollar Party

    Published 11 December 2008 | viewed 4,443 times

    It may be premature to call the recent currency developments a paradigm shift, but it is worth shedding light on these changes as the news…

  • Fed's Quantitative Easing Extends Seasonal Reversals

    Published 25 November 2008 | viewed 4,247 times

    Today's latest liquidity drive from the Federal Reserve gives a fresh jolt to risk-seeking trades, extending my scenario of seasonal reversals in currency and commodity…

  • Beware of Seasonal Forex Reversals

    Published 20 November 2008 | viewed 3,514 times

    Although currencies ended up adopting their usual path of following the swings in risk appetite, it's worth explaining Wednesday's earlier spikes in EURUSD and GBPUSD.…

  • Consumers Further Erode Retail Payrolls

    Published 14 November 2008 | viewed 2,663 times

    The attached chart shows the deepening implications of falling retail sales on retail sector payrolls, highlighting the deteriorating role of the US consumer, especially as…

  • Risk Aversion Fills Data Vacuum

    Published 11 November 2008 | viewed 3,569 times

    Although signs of easing credit strains are manifested in multi-year lows in interbank rates, the market turmoil has exasperated the already shaky cash situation of…

  • Bank of England Plays Catch-up at Expense of Sterling

    Published 06 November 2008 | viewed 2,026 times

    The Bank of England's shocker 150-bp cut to 3.00% (lowest level since 1955) against expectations of 50-bp cut is the biggest rate cut since the…

  • Elections, the Dollar, Stocks and the Economy

    Published 03 November 2008 | viewed 3,188 times

    Much has been written about the relationship between the partisan power in the White House and the performance of the stock market. Considerable amount of…

  • Reflationary Trade Here to Stay

    Published 30 October 2008 | viewed 4,215 times

    The Fed's 50 bp-cut to 1.00%, adds to the 50-bps made less than a month ago, making the central bank in full pursuit of its…

  • Pre-FOMC FX Strategy

    Published 29 October 2008 | viewed 2,952 times

    Fed to Remain More Creative Than Surprising The main question is whether today's anticipated Fed rate cut will succeed in maintaining the current boost to…

  • Yen-Bound Flight of Least Resistance

    Published 24 October 2008 | viewed 3,281 times

    Sterling collapses by over 800 points (8 cents) to $1.5260, posting its biggest intraday decline since exchange rates became freely floated in 1971, reinforced by…

  • USDJPY and Yield Curve Analysis

    Published 16 October 2008 | viewed 3,033 times

    Violent volatility maintains its daily routine of aggressive swings, as US equities close 5% higher after more than a 9% decline yesterday, dragging risk appetite…

  • What Retail Layoffs are Telling Us

    Published 03 October 2008 | viewed 3,886 times

    September payrolls fell by 159K, worst decline since May 2007, while the unemployment rate held at 6.1%. Although unchanged, the unemployment rate is widely expected…

  • ISM Won't Prevent More EUR, GBP Losses

    Published 01 October 2008 | viewed 3,189 times

    An important component in today's terrible August ISM report (plunging to a 6-year low of 43.5) is the tumbling prices paid component to 53.5 from…

  • Implications of Gold's Rise Relative to Oil

    Published 18 September 2008 | viewed 4,067 times

    Over the past 8 weeks, we alerted clients that the gold/oil ratio would continue to recover from its July record lows as oil begins to…

  • Risk Aversion Drives JPY and GBP in Opposite Ways

    Published 10 September 2008 | viewed 4,050 times

    Now that US equity indices have erased all of Monday's gains less than 24-hours after the US Treasury's takeover of Fannie Mae and Freddie, we…

  • US Jobs Report and Relative FX Strengths

    Published 05 September 2008 | viewed 3,065 times

    The jump in the August unemployment rate to a new 5-year high of 6.1% from 5.7% leaves little doubt to currency traders that the USD…

  • Secular Currency Performances

    Published 28 August 2008 | viewed 1,831 times

    The events of the past three weeks in foreign exchange markets continue to be dominated by prolonged dollar strength and a fierce bout of selling…

  • GSEs' Impact on Foreign Inflows and Risk Appetite

    Published 14 July 2008 | viewed 2,031 times

    Almost 4 months to the day after the Fed backed the JP Morgan rescue of Bear Stearns, the Fed and the US Treasury intervene to…