Intraday Market Thoughts
Archived IMT (2010.06.02)
by
Jun 3, 2010 0:38
GBP or CAD? We noted yesterday CADJPY and GBPJPY were the likely aggressive gainers on a combination of Japanese political uncertainty, improved risk appetite and robust UK and CA data. GBPJPY breaks above May 10 trend line, now eyeing 135.90, while CADJPY could potentially extend gains towards 89.60s, which is the trend line resistance from the May 4 high. Thus, as long as Asian stocks continue gain from the NY rally, these yen crosses are set on their upmove. 10290 in the Dow and 1105 in S&P500 are the elusive 200-day MAs, which need to be broken this week for the bulls to maintain hopes of a real rally.
Latest IMTs
-
تداول تزامن المتوسطات المتحركة
by Ashraf Laidi | Jul 26, 2024 23:47
-
TimeStamp Breakdown تقسيم أجزاء الفيديو
by Ashraf Laidi | Jul 24, 2024 10:10
-
تداول الفجوات في ناسداك و دولارين
by Ashraf Laidi | Jul 23, 2024 19:33
-
Chapters Breakdown تفصيل المحتوى
by Ashraf Laidi | Jul 19, 2024 11:25
-
Gold & JPY تحديث الذهب و الين الياباني
by Ashraf Laidi | Jul 18, 2024 18:40