Archived IMT (2009.09.29)
EURUSD extends losses as markets fear an intensification of interventionist rhetoric (ECB yesterday, Japan Fin Min today) could accelerate losses. Remarks from Saudi Arabias central bank chief indicating no change in the nations FX reserves policy is also helping to drag down EURUSD below the right shoulder (1.47 resistance), making $1.44 as a viable target, especially in the event of disappointing US consumer confidence data. FX and oil traders will also keep an eye on todays API data on oil inventories, which will serve as a preamble to Wednesdays key EIA figures. Oils failure to regain 68 gives in to 66.10, dragging CAD across the boar and lifts USCAD back above 1.09, An unexpected build in API could help USDCAD retest 1.0960s. IMPORTANT HISTORICAL PATTERNS IN GBP FUTURES WILL BE DISCUSSED IN SATURDAY'S WEBINAR.
Gold Eyes 1680 ahead of G20
by Ashraf Laidi | Feb 21, 2020 18:08
3 Charts for GBP Traders
by Ashraf Laidi | Feb 21, 2020 13:18
Is Yen-Centric Risk Back?
by Adam Button | Feb 20, 2020 17:34
Why the Euro Keeps on Falling
by Adam Button | Feb 19, 2020 16:37
Forex Brokers' Share Price Performance
by Ashraf Laidi | Feb 19, 2020 12:17