Intraday Market Thoughts
Archived IMT (2009.04.24)
by
Apr 24, 2009 11:42
Sterling the worst performer ahead of USD on worse than expected Q1 GDO and concerns of a possible downgrade of the UKs credit rating. Cable targets at 1.4580, followed by 1.4530 in event of pullback in US trade. Note how Japanese stocks closed lower despite positive US Thurs session (due to after hour earnings). This will likely push US indices lower, thus, weighing further on GBP, to the benefit of JPY. Also consider accumulating EURAUD for 1.8850 target from current 1.8457. Support stands at 1.8230.
Latest IMTs
-
Deflationary Bitcoin صلابة بيتكوين
by Ashraf Laidi | Apr 24, 2024 11:20
-
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