Intraday Market Thoughts

Archived IMT (2009.10.26)

by Ashraf Laidi
Oct 26, 2009 18:35

Watch ASHRAF's VIDEO ANALYSIS on today's USD & JPY rally, and the subsequent targets in GBPUSD, EURUSD, USDCAD, Oil and S&P500 $$

RISK AVERSION INTENSIFIES as the banking downgrades deepen the stock damage to the benefit of the USD and JPY. GBPUSD eyes 1.6240, USDCAD hits 1.0690 resistance--61.8% retracement. Next target stands at 1.08


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