Ashraf Laidi

CMC Markets

Contributor since: 26 Feb 2010

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• 115.60 Yen by End of August

  Published 01 August 2007 | viewed 5,092 times

  The 48K seen in the ADP National Employment report on private payrolls for July, was well below expectations of 100K following 150K in June and…

• Gold Shines on Further Secular Dollar Weakness

  Published 18 July 2007 | viewed 4,582 times

  The dollar resumes its broad sell-off as Chairman Bernanke's speech and the Fed's central tendency forecasts present no real deviation in the existing negative dollar…

• Housing Remains Bernanke's Unknown

  Published 06 June 2007 | viewed 4,440 times

  Tuesday's stock market declines in the US were attributed to a prolonged rally in bond yields resulting from stronger than expected services ISM survey and…

• FX Strategies: Loonie to Still Prevail over Aussie

  Published 29 May 2007 | viewed 3,408 times

  Today's decision from China to raise the stamp tax on securities trading to 0.3% from 0.1% is a more direct attempt to cool its runaway…

• Unwinding of Carry Trade Part II

  Published 10 May 2007 | viewed 5,577 times

  Has the FOMC statement overlooked the US consumer? We mentioned in our early afternoon note that today's (Thursday) equity market sell-off reflected a sharp reduction…

• Euro to hit $1.3470 in Case of Neutral Payrolls

  Published 03 May 2007 | viewed 3,612 times

  Watch the Elections US Payrolls and French Elections We mentioned in Thursday morning's note that: "a strong services ISM from the US including a favorable…

• China GDP May Threaten Carry Trades

  Published 18 April 2007 | viewed 5,990 times

  Going into Thursday's trading, FX traders will watch the return of major economic data from the US and Canada. But before previewing these events and…

• FX Charts Strategy: EURUSD, AUDCAD and USDJPY

  Published 11 April 2007 | viewed 4,745 times

  The dollar is little changed after the release of FOMC minutes, which shed more detail on the Fed's decision to downgrade its view on growth…

• Euro Dominates At Expense of Gloomy USD Ahead of NFP

  Published 05 April 2007 | viewed 3,327 times

  The dollar drops to fresh 2-year lows against the euro, on the combination of pre-job reports jitters and pre-holiday thinning trading volumes. The slight increase…

• Turn to Bernanke's February Testimony for Clues

  Published 21 March 2007 | viewed 4,806 times

  Recall that Fed Chairman Bernanke issued a less upbeat speech in last month's Congressional testimony, following a more optimistic January FOMC statement. Since the data…

• Blame it on the Weather?

  Published 13 March 2007 | viewed 3,699 times

  Retail sales grew by less than expected at 0.1% in February after a flat showing in January, while sales ex-autos fell 0.1% from 0.2% in…

• Could ADP Report Foretell a Gloomy Payrolls Report?

  Published 07 March 2007 | viewed 4,141 times

  This morning's release of a weaker than expected ADP report (forecast for private employment payrolls) showing the net creation of 57K jobs in February, suggests…

• Dollar Requires Valentine Lift from Bernanke

  Published 14 February 2007 | viewed 4,288 times

  The dollar selloff of the past 2 days is reaching key support levels, which would only stabilize from an upbeat testimony by Fed Chairman Ben…

• Rising Oil and G7: Yen Strength or Dollar Weakness?

  Published 06 February 2007 | viewed 4,991 times

  The dollar's technical outlook has taken a turn to the worse on a combination of aggressive pre-G7 currency talk favoring yen stability and an 18%…

• Goldlilocks to Feel the Chill

  Published 02 February 2007 | viewed 4,053 times

  Just as the term "Goldilocks" becomes the latest buzz in economic headlines, the real data are gradually leaning to the softer side, allowing Goldilocks to…

• Further Aussie Unwinding Ahead

  Published 26 January 2007 | viewed 3,555 times

  This week's softer than expected consumer inflation figures from Australia have eroded chances of a February rate hike and may have finally concluded the 4…

• Does SPR Increase Foretell Iran Strike?

  Published 24 January 2007 | viewed 6,436 times

  Sharp swings ensued in today's FX trading, as the dollar fell sharply during the Asian session following a spike in oil prices after President Bush…

• On Supplying Oil and Military Troops

  Published 16 January 2007 | viewed 4,357 times

  The 17% decline in oil prices so far this year has recalibrated the FX equation in so far as bolstering expectations of a US consumer-led…

• Renewed Dollar Gains Seen on Thursday

  Published 04 January 2007 | viewed 4,911 times

  Dollar holds on to Wednesday's gains as oil prices slump to 1½ month lows and the ISM manufacturing survey rebounded by more than expected above…

• Expect Further Dollar Weakness in Busy Data Day

  Published 29 December 2006 | viewed 4,647 times

  We expect the dollar to continue retreating across the board in this busy day of US economic releases, where traders will opt a from a…