Intraday Market Thoughts
Archived IMT (2010.01.15)
by
Jan 15, 2010 15:30
EURUSD gives in to fresh selling momentum after its prominent failure to regain the necessary $1.4580 figure needed to re-establish the uptrend. The combination of a veiled warning from JC Trichet to Greek finances and rumours of Chancellor Merkel resignation were the fundamental catalysts to the selling momentum. EURUSD weekly is now entering a potentially bearish flag and the next target stands at 1.4310. USD closely following JPY in the race of the days outperformers amid reduced risk aversion resulting from Merkel rumours & cautiouness ahead of JPM earnings (which turned out to beat earnings and missed revenues). CADJPY HotChart is in the green
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