Archived IMT (2009.12.09)
The US DOLLAR is little changed from where it stood 24-hours ago, but YEN STRENGTH extends across the board, dealing further damage to EURJPY, AUDJPY and EURJPY. The lower highs in AUDJPY and NZDJPY have formed a clear downward trend line from the Oct 23 high and daily stochastics suggest prolonged losses ahead; 78.50 and 61.45 are the looming targets for the pairs. GBP damage resulted from Chancellor Darlings 50% tax levy on bank bonuses exceeding 25,000, which goes into effect immediately. The combination of spending cuts and additional taxes hinders GBP from both a spending multiplier and business impact. EURUSD is set for its biggest weekly drop since March. Next target stands at $1.4490, followed by $1.4180, especially as gold nears our $1.070 target. RBNZ decision (20:00 GMT) widely expected to keep rates unchanged at 2.50% as the central bank vocalizes its efforts to prevent NZD weakness. EURCAD breaks below 61.8% retracement of 1.5535, risking to call up 1.54.
Latest IMTs
-
محتوى بوصلة السوق من العائد الى الذهب و الناسداك
by Ashraf Laidi | Mar 20, 2024 12:42
-
BTC Needs Powell Correction بيتكوين بحاجة الى تصحيح
by Ashraf Laidi | Mar 18, 2024 17:20
-
Not once, twice, but six ستة مرات ليس صدفة
by Ashraf Laidi | Mar 13, 2024 10:07
-
Finding 88K Bitcoin كيفية الوصول الى
by Ashraf Laidi | Mar 4, 2024 12:21
-
شراء بيتكوين وصل الى عشر أضعاف الإنتاج
by Ashraf Laidi | Feb 29, 2024 9:17