Intraday Market Thoughts
Archived IMT (2008.09.10)
by
Sep 10, 2008 18:04
EURO battered across the board after the European Commmission joins the ECB in downgrading its 2008 GDP growth forecast to 1.3% from earlier forecasts of 1.7%. $1.38 figure looms large, presenting the 50% retracement of the rise from the 2005 low, and the trend line support from the similar low. GOLD breaks below key $772 support and the 100-week moving average. Next major objective at $730.
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