Archived IMT (2008.11.19)

Dollar sell-off stabilizes as stock market volatility remains sharp and rapid. GBPUSD gave in at the $1.5275 resistance--trend line extending from the Nov 3 high. Support climbs towards $1.5050 . EURUSD broke out of its consolidation, but failed to fully regain $1.28 resistance-- TL extending from the Nov 10-13 highs. Bigger than expected builds in oil inventories also contributed to dollar's rebound and the pullback in oil and gold.