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EURUSD

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111.52

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1.3772

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0.7485

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Intraday Market Thoughts

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Soft China Data, Consumers, PBOC & Euro

by Ashraf Laidi

Aug 9, 2012 18:26

Euro loses a full cent as traders unable to extend gains above the key 55-day moving average (a technical level not broken with conviction since April). Chinas weak data seen as an excuse to take profit from last week risk-on positioning, but support is so far seen at $1.2190. Similarly, GBPUSD is widely seen .... Read more here

http://www.cityindex.co.uk/market-analysis/ashraf-laidi-blog.aspx

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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)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7 (10 months ago)
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The last time both #DXY and #XAUUSD fell by more than 2% this rocketed higher... https://t.co/ekcYnGzWae #forex… https://t.co/8mmAFLfXhI (10 months ago)
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Moving the goalposts? Trend vs Trendline: Gold, DXY, Yields https://t.co/htxZzKjl7U #forex #XAUUSD $GLD $TNX https://t.co/NE7mSpN2wq (10 months ago)
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"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
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