Ashraf Laidi

CMC Markets

Contributor since: 26 Feb 2010

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• Further Euro, Aussie Losses Next Week

  Published 22 December 2006 | viewed 4,147 times

  Today's core PCE price data have finally produced the confirmation that an inflation slowdown is underway. The month-to-month core PCE price index slowed from 0.2%…

• Dollar Extends Gains Ahead of Housing Figures

  Published 18 December 2006 | viewed 4,060 times

  Pursuant to our Friday note alerting further dollar gains this week, the US currency is higher across the board. We stick with our forecast expecting…

• Expect EURUSD Below 1.30, USDJPY Above 119 Next Week

  Published 15 December 2006 | viewed 4,836 times

  We expect the dollar to have sustained the bulk of its losses since the October 13 high and anticipate the recent medium term recovery to…

• FX Insights Ahead of Tankan and CPI

  Published 14 December 2006 | viewed 3,636 times

  Unexpectedly low jobless claims of 304K from prior 324K are the main booster of the dollar's sharp rally (2 1/2 week highs vs the yen…

• FOMC and Trade Figures Analysis

  Published 12 December 2006 | viewed 4,054 times

  The Fed's only concrete change in today's FOMC statement is the addition of the word "substantial" to its description of the cooling housing market. This…

• Chronology of a Dollar Bounce Foretold

  Published 08 December 2006 | viewed 5,940 times

  Today's Forex market activity was a classic example of vindicating charts analysis over the news and the noise. The US dollar rallied for about 10…

• Expect Short-Term Dollar Bounce, Gold Drop and Yield Rise Ahead

  Published 07 December 2006 | viewed 5,446 times

  Please find attached our short-term projections (3-5 days) based on technical analysis, suggesting a temporary bounce in the US dollar, a retreat in gold and…

• Greenback on Its Back as Manufacturing Contracts

  Published 01 December 2006 | viewed 3,624 times

  'The November manufacturing ISM falls to a fresh 3 ½ year low at 49.5 from 51.2, in line with our forecast for a sub-50 reading…

• More Weakness After Bernanke's Upbeat Speech Hits Dollar

  Published 30 November 2006 | viewed 5,587 times

  The decline in the November Chicago PMI to 49.9 from 53.5, marks the first sign of a contraction (sub 50) in 3 ½ years (April…

• Fired up Euro Faces Bernanke and US Housing

  Published 28 November 2006 | viewed 4,499 times

  Euro strength takes center stage as the single currency hits new record highs against the yen at 152.96, and pushes back up to $1.3148, just…

• Dollar Stabilizes Ahead of Likely Bernanke Respite

  Published 27 November 2006 | viewed 5,006 times

  The US dollar gets a respite following a sharp sell-off late last week as traders neutralize excessive selling in a relatively data scarce trading session.…

• Dollar Damage is More than Holiday Thin Trade

  Published 24 November 2006 | viewed 7,349 times

  The US Dollar drops to: - 19-month lows against the euro at 1.31, down 2.5% on the month and 10.6% on the year - 3…

• Weekly FX Analysis

  Published 22 November 2006 | viewed 4,530 times

  As the tide further moves against the US dollar, many traders may rush into opening fresh sell positions in the greenback. This may not be…

• Dollar Boosted by Non-USD FX Story

  Published 17 November 2006 | viewed 4,477 times

  With the Federal Reserve on data watch for the past year, today's benign CPI (-0.5% headline and 0.1% core) should start appeasing the Fed's more…

• Dollar Gains as Payrolls Revisions Distract from Cooling

  Published 03 November 2006 | viewed 2,988 times

  We see the October employment report as quelling our forecast of a January rate cut rather than fuelling speculation of further Fed tightening. The 139K…

• Gold and Yields Conspire on Dollar Decline

  Published 01 November 2006 | viewed 5,226 times

  There was no surprise in today's release of the October ISM Manufacturing survey showing a decline to 51.2-- lowest since June 2003 -- considering the…

• Dollar Diversification Story Returns and Likely to Stay

  Published 30 October 2006 | viewed 4,060 times

  The dollar diversification story returns to haunt the US currency as the United Arab Emirates central bank reasserts its plans to increase its holdings in…

• Dollar Seen Unfazed by Slowing US GDP

  Published 27 October 2006 | viewed 3,564 times

  Market attention returns to the US ahead of this morning's advanced (first estimate) Q3 GDP report expected to show 2.0% growth following 2.6% in Q2…

• FX Fed Preview

  Published 23 October 2006 | viewed 4,002 times

  This week's FOMC decision is widely expected to keep rates unchanged at 5.25%. We expect the Fed to continue making minor changes to the policy…