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EURUSD

1.1851

USDJPY

111.52

GBPUSD

1.3772

AUDUSD

0.7485

USDCAD

1.2406

GBPJPY

153.59

EURJPY

132.15

AUDJPY

83.48

CADJPY

89.86

Silver

26.23

Intraday Market Thoughts

View Latest IMT | Archives Calendar | Titles by Month

Archived IMT (2010.07.09)

by Ashraf Laidi

Jul 9, 2010 16:45

WEEKLY GOLD may appear to show a bullish candle, but due to the lack of a confirmed downtrend, the effectiveness of the candle is in doubt. A clearer formation is the weekly stochastics, which suggest 1155-60 is the next prelim target for the month. Such downside move in gold would most likely be associated with persistent EUR resilience. Expecting a shorter-term bounce to 1220-30 before a subsequent pullback.

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Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R (10 months ago)
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