Intraday Market Thoughts
Archived IMT (2009.04.21)
by
Apr 21, 2009 8:13
Sterling breaks below $1.45 to $1.4470 session low ahead of UK CPI data (8.30 am GMT--9.30 am London time) expected to drop back below 3.0% y/y after 3.2% in Feb. $1.44 is the 50-day MA, followed by $1.4360 (50% retracement). CAD deepens losses across the board ahead of todays interest rate decision (exp unchanged at 0.50%). But the real news from the Bank of Canada will be Thursdays monetary policy report, which will shed more evidence on the central banks intentions to move into credit easing. The 78.70 target of CADJPY HotChart was hit as the pair bottomed at 78.69 in Asia. Renewed risk aversion seen ahead today.
Latest IMTs
-
محتوى بوصلة السوق من العائد الى الذهب و الناسداك
by Ashraf Laidi | Mar 20, 2024 12:42
-
BTC Needs Powell Correction بيتكوين بحاجة الى تصحيح
by Ashraf Laidi | Mar 18, 2024 17:20
-
Not once, twice, but six ستة مرات ليس صدفة
by Ashraf Laidi | Mar 13, 2024 10:07
-
Finding 88K Bitcoin كيفية الوصول الى
by Ashraf Laidi | Mar 4, 2024 12:21
-
شراء بيتكوين وصل الى عشر أضعاف الإنتاج
by Ashraf Laidi | Feb 29, 2024 9:17