Ashraf Laidi

CMC Markets

Contributor since: 26 Feb 2010

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• Monthly FX: From a Bang to a Whimper

  Published 01 July 2008 | viewed 3,572 times

  What began the month with an unexpected bang in currency markets ended with a not so unexpected whimper. Fed Chairman Bernanke's eventful speech of June…

• Dissecting H1 FX and Gold Performance

  Published 27 June 2008 | viewed 2,771 times

  Market turmoil deepens as oil prices push to a new record of $142.22 per barrel, triggering fresh declines in global equities. The US-centric nature of…

• The Usual Expectations and Disappointment Ahead

  Published 18 June 2008 | viewed 4,330 times

  The Usual Expectations Ahead Activity may be quiet in today's US data calendar so it is time to further shed light on next week's key…

• Worst is Not Over and Neither is Fed Easing

  Published 29 April 2008 | viewed 4,442 times

  Commentators and pundits alike have erroneously stated that last week's highs in US equity indices broke important technical levels. The Dow has not only failed…

• Systemic Risk Maybe Out, But Recession is In

  Published 03 April 2008 | viewed 3,714 times

  The +38k jump to 407k in weekly jobless claims was the worst reading since Sept. 17, 2005 (week following Hurricane Katrina). The less volatile 4-week…

• Central Band(k) Aid Unlikely to Stick

  Published 11 March 2008 | viewed 3,465 times

  Almost three months the day (since December 11) after the Federal Reserve inaugurated its Term Auction Facility (TAF), the central bank invents a new liquidity…

• Euro Rally Seen Broadening

  Published 28 February 2008 | viewed 2,902 times

  Quiet FX sessions in Asian and European trade as markets turn to the revised US Q4 GDP figures and the increasingly relevant weekly claims on…

• FX Charts Strategy EURNZD, AUDCAD, EURCAD, CADJPY, USDJPY

  Published 27 February 2008 | viewed 2,981 times

  The surging euro hasn't only been a case of broad dollar weakness but also of improving confidence in the Eurozone's biggest economy as the currency…

• Favorite "Play of 2008" Alive and Well

  Published 19 February 2008 | viewed 4,437 times

  While central banks in most industrialized economies are either reducing interest rates or expected to do so thus year, the Reserve Bank of Australia is…

• February FX Strategy

  Published 06 February 2008 | viewed 4,004 times

  We expect the dollar and the yen to emerge as the broad winners in February, dragging the European and antipodean currencies (AUD, CAD, NZD) lower…

• Sterling Deepens Gloom

  Published 09 January 2008 | viewed 4,285 times

  A likely major FX theme of 2008 is already being playing out; Protracted selling in the British Pound, broad strength in the Australian dollar and…

• Payrolls Seen Yen Negative, Equities Positive

  Published 03 January 2008 | viewed 3,678 times

  We anticipate a broad sell-off in the Japanese yen accompanied by a run-up in the broad equity indices in the aftermath of Friday's payroll report…

• Jobs Report to Extend Dollar Gains into Fed Week

  Published 07 December 2007 | viewed 3,070 times

  Although today's nonfarm payrolls came in less than the 100K mark, they support our forecast for further temporary dollar gains into the rest of the…

• Aussie, Yen and SP Strategy

  Published 04 December 2007 | viewed 3,567 times

  Yen rises across the board as risk appetite takes a fresh hit following the latest evidence of the sub-prime mortgage spillover on the market and…

• More Declines in Asian Holdings of US Tsrys

  Published 16 November 2007 | viewed 4,033 times

  Foreigners were net sellers of US long term securities in September at $14.7b after $150.7b in net selling in August. But foreign net long-term purchases…

• Integrating FX Strategies for Gold, Aussie and Yen

  Published 23 October 2007 | viewed 4,411 times

  In today's FX charts strategy, we select the Aussie as the currency with the most upside potential across the board as risk appetite returns to…

• Charting the Dollar Bounce

  Published 03 October 2007 | viewed 5,040 times

  The dollar rebound of the past 3 days has emerged on a powerful combination of escalating evidence of weakness in the Eurozone and the UK,…

• Dollar Suffers Fed's Appetite Injection

  Published 19 September 2007 | viewed 5,396 times

  We mentioned in our piece from last Tuesday "Data Vacuum = Risk Appetite" that gold would "extend gains towards the $730 level before next Wednesday",…

• Data Vacuum = Risk Appetite

  Published 11 September 2007 | viewed 4,332 times

  We often mentioned how the lack of US economic had has repeatedly given rise to increased risk appetite, triggering weakness in the US dollar and…

• Now Comes the Macro Part

  Published 01 September 2007 | viewed 4,044 times

  As per our FX forecast made on August 1st 115.60 Yen by End of August http://www.safehaven.com/showarticle.cfm?id=8090 predicting USDJPY to reach 115.60 by end of August,…