Intraday Market Thoughts
Archived IMT (2008.12.05)
by
Dec 5, 2008 16:18
GBP a major loser shedding over 2 cents to $1.4539 and inline to fall back to yesterdays latest 6 year lows at $1.4463. Although both EURUSD and GBPUSD are falling victim to the dollars risk-driven allure, euros declines remain more contained than cables, hence the recovery in EURGBP, which may regain 87 pence trend line resistance. Any recovery in US stocks is likely to boost GBPUSD and EURUSD back towards $1.4730 and $1.2750, while prolonged equity declines are seen extending the pairs towards $1.4530 and $1.2580.
Latest IMTs
-
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
by Ashraf Laidi | Aug 8, 2022 15:56
-
Gold was the Easy Part
by Ashraf Laidi | Aug 4, 2022 19:29
-
Trading Narratives vs Stats
by Ashraf Laidi | Jul 28, 2022 14:28
-
ECB Wakes, Nasdaq Leads, Yields Doubt
by Ashraf Laidi | Jul 21, 2022 19:34
-
Nearing Total Yield Curve Inversion
by Ashraf Laidi | Jul 12, 2022 15:43