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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.

  • 115.60 Yen by End of August

    Published 01 August 2007 | viewed 4,996 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 4,459 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 4,343 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 3,302 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 5,481 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 3,534 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 5,896 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 4,648 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 3,237 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 4,703 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 3,617 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 4,049 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 4,196 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 4,809 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 3,957 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 3,461 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 6,332 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 4,274 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 4,824 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 4,571 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…