Archived IMT (2010.02.02)
Oil posts its 1st back-to-back daily gain in 6 weeks as rising stocks dampen the USDs ascent. Interim resistance stands at 76.30, followed by 77.00-20 confluence of 100-day MA + 38% retracement, deemed as a key resistance. Traders are cautious ahead of Wednesday's US ADP (13:15 GMT) & services ISM report (15:00), which could give clues on Fridays job report, therefore making any USD retreat rather limited. GBPUSD looks to extend its corrective move towards 1.6020, but a close above 1.6070 is unlikely ahead of potentially USD-positive figures. USD uptrend remains intact as long as USDX supported above 78.35-40.
If you HAVE NOT not voted for alaidi in the twitter awards, you have unti Friday to do so ! http://shortyawards.com/alaidi 6821 tweets for 3722 followers. Can you find such a ratio elsewhere?
Latest IMTs
-
3 Faces of $2000 Gold
by Ashraf Laidi | Mar 24, 2023 16:38
-
Guiding Through Confusion إرشاد خلال الصاعقة
by Ashraf Laidi | Mar 20, 2023 16:51
-
Finally Gold ETFs Flows Do this
by Ashraf Laidi | Mar 17, 2023 17:00
-
2 Year vs FedFunds Signal
by Ashraf Laidi | Mar 13, 2023 20:23
-
Avoiding Costly Rookie Mistakes
by Ashraf Laidi | Mar 10, 2023 20:06