Intraday Market Thoughts
Archived IMT (2010.10.01)
by
Oct 1, 2010 16:15
STRONG US DATA IS NO LONGER the sole requirement for reducing the likelihood of QE2 and further USD selling. As long as inflation remains muted, QE2 remains an inevitability. Todays release of Sep annual core price index came in at 1.4% for the 3rd consecutive month, while monthly core price index has not budged from +0.1%, thereby, countering any inflationary concerns associated with an expanding balance sheet. And we know the Fed is increasingly concered with "subdued inflation". So even if data show impprvement, ongoing signs of muted inflation to weigh on USD. Here is a another look at USDX CHART from Monday http://chart.ly/6t8tn9a current price is at 78.25 and 76 target looks more appealing as GOLD hist $1320 and Silver at $21.14.
Latest IMTs
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07
-
English Translation to Arabic Interview
by Ashraf Laidi | Apr 7, 2024 21:01
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17
-
Typical Errors on Gold, Silver, USD
by Ashraf Laidi | Apr 1, 2024 16:14