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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.

  • Further Euro, Aussie Losses Next Week

    Published 22 December 2006 | viewed 4,166 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 4,078 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 4,854 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 3,658 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 4,076 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 5,961 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 5,467 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 3,643 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 5,616 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 4,526 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 5,033 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 7,372 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 4,552 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 4,497 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 3,008 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 5,245 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 4,084 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 3,589 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 4,028 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…