Ashraf Laidi

Forexnews

Contributor since: 26 Feb 2010

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

  Published 28 April 2006 | viewed 4,945 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 4,244 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 4,576 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 4,879 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 4,842 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 6,712 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 2,959 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 4,105 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 7,265 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 5,379 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 4,246 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 3,769 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 8,306 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 6,204 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 4,812 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 4,432 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 8,945 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 3,810 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 5,748 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 4,173 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 --…