Archived IMT (2010.02.23)
DOUBLE ASSAULT on risk appetite as Fitch downgrades its rating on Greeces 4 biggest banks right before US consumer confidence plunges to 10-month low at 45 from a revised 56.5. We warned on Twitter.com/alaidi 40 seconds after the breaking news on consumer confidence that the figures were widely positive for the yen and that all yen crosses would fall violently. CADJPY tumbles 190 pips from yesterday (eyeing 85), USDJPY, EURJPY and GBPJPY tumble extend damage, with USDJPY vulnerable to 89.80 after hitting 90.70 target. USDCAD surges past 1.05 target from previous IMT. GBPUSD seen capped at 1.5520 & EURUSD capped at $1.36. SPACE IS RUNNING OUT at ASHRAF's 1-day LONDON COURSE March 13th, where FX RISK AVERSION DIFFERENTIATION WILL BE EMPHASIZED http://bit.ly/bSHPbb
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