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Ashraf Laidi

Ashraf Laidi

Forexnews

Contributor since: 26 Feb 2010

  • Dollar Damaged as Bernanke Gets Real + China's Rate Hike

    Published 28 April 2006 | viewed 4,796 times

    The dollar slides across the board, hitting fresh 7-month lows against the euro at $1.2540 after Fed Chairman Bernanke departs from his usual upbeat assessment…

  • Dollar Hit by G7's Boldness, Central Bank Diversification

    Published 24 April 2006 | viewed 3,947 times

    Dollar falls to fresh 7-month lows against the euro, testing the key $1.24 support, and 3 month lows against the yen at 115.24 after G7…

  • Benign Core CPI Seen Extending Dollar Selling

    Published 19 April 2006 | viewed 4,264 times

    4:30 am Minutes of April Bank of England Meeting (exp 8-1, prev 9-0) 8:30 am CAN Mar Leading Indicators (exp 0.3%, prev 0.2%) 8:30 am…

  • Dollar Weakness May be More Than Just Thin Holiday Trade

    Published 17 April 2006 | viewed 4,529 times

    Net foreign capital flows into the US rose 26% to $86.9 bln in February from a revised $69.1 bln in January (initial was $66.0 bln).…

  • US Trade Deficit May Undershoot Forecasts

    Published 12 April 2006 | viewed 4,482 times

    5:00 am E-12 EU Commission GDP Forecasts. 8:30 CAN Merchandise Trade Balance (exp C$6.2 bln, prev C$6.3 bln), 8:30 am US Feb Trade Balance (exp…

  • April Snow Showers, Chinese FX Whispers

    Published 06 April 2006 | viewed 6,284 times

    4/5/2006 3:15 am: EUR/$..1.2265 $/JPY..116.78 GBP/$..1.7592 $/CHF..1.2862 AUD/$..0.7235 $/CAD..1.1621 4:00 am E-12 Mar Services PMI (exp 58.2, prev 58.2) 4:30 am UK Mar Manufacturing Production…

  • Eurozone Manufacturing Exceeds US ISM for 1st Time in 5 1/2 years

    Published 03 April 2006 | viewed 2,617 times

    Today's Eurozone PMI report on manufacturing rose to 5 ½ year high at 56.1 in March, while the US ISM manufacturing report fell to a…

  • Upbeat Fed to the Dollar's Rescue

    Published 29 March 2006 | viewed 3,794 times

    The Fed raises its fed funds rate by 25 bps to 4.75%, and issued a more upbeat policy statement, sparking renewed rally in the dollar.…

  • Dollar Wakes as Big Ben Rings

    Published 22 March 2006 | viewed 6,894 times

    Fed Chairman Bernanke's speech this evening was not one from which the market was ready to glean the Chairman's assessment on the state of the…

  • Dollar Drops Amid Another Foreign Capital Shortfall

    Published 16 March 2006 | viewed 5,056 times

    Net foreign capital flows into the US rose 23% to $66.1 bln in December from a revised $53.8 bln in December (initial was $56.6 bln).…

  • Jobs Report Obliterates Record Deficit...for now

    Published 11 March 2006 | viewed 3,906 times

    US non-farm payrolls grew by 243K in February from a revised increase of 170K in January, while the unemployment rate edged up to 4.8% from…

  • Euro Breaks Greenback's Mountain

    Published 06 March 2006 | viewed 3,405 times

    10:00 am US Jan Factory Orders (exp -5.5%, prev 1.1%) 10:00 am CAN Feb Ivey PMI (exp 58.2, prev 54.1) The greenback's mountain remains tamed…

  • Inverted Curves, Carry Trades and the Dollar

    Published 03 March 2006 | viewed 7,942 times

    What are the implications for the dollar, if any? Over the past 30 years, the US yield curve has almost always occurred during periods of…

  • Bernanke Shields Dollar from Dismal Data

    Published 16 February 2006 | viewed 5,895 times

    Today's dollar rally was primarily driven by the Fed Chairman Bernanke's Congressional testimony, where he supported the FOMC's decision to deliver further tightening ahead. His…

  • Dollar Shrugs Deficit, Awaits Hawkish Bernanke

    Published 11 February 2006 | viewed 4,494 times

    The US trade deficit rose 2% to in December to $65.7 billion from a revised $64.7 billion (initial $64.2 billion) in November. Imports rose 1.9%…

  • Greenspan Leaves & Takes Away "Measured"

    Published 01 February 2006 | viewed 4,119 times

    The Fed delivered its 14th 25-bp rate hike today, moving the fed funds rate to 4.50%, the highest since April 2001. The dollar had initially…

  • Hedge Funds Finance 80% of Trade Deficit

    Published 20 January 2006 | viewed 8,625 times

    Net foreign capital flows into the US slipped 1.4% to $89.1 bln billion in November from a revised $104.2 billion in October (initial was $106.8…

  • Dollar Sinks as Jobs Blur Fed Picture

    Published 06 January 2006 | viewed 3,506 times

    The 71K upward revision in the November jobs report may have offset the weaker than expected December figure (108K vs expectaions of 200K), but the…

  • Monday's Dollar Trifecta Could Become 2006 Standard

    Published 05 January 2006 | viewed 5,413 times

    Stock market practitioners are familiar with the notion indicating that the first 5 trading days of the stock market can foretell the direction of the…

  • Record Deficit Shows Dollar's Half Empty Glass

    Published 15 December 2005 | viewed 3,884 times

    The US trade deficit rose 4% in October to a record $68.9 billion from 66.0 billion in September. Imports grew 2.7% to $176.4 bln --…