Intraday Market Thoughts

Archived IMT (2010.02.27)

by Ashraf Laidi
Feb 27, 2010 16:20

On Feb 8, shared this chart on GBPUSD net longs/shorts, warning that MORE GBP SHORTS were ahead (read caption in chart). GBP net shorts soared to 62,884 this week from about 21,000 in Feb 8 while GBPUSD lost over 500 pips to $1.5200. On Monday Feb 22, we warned on the site and about the upcoming slide in CADJPY. The pair lost 200 pips by Tuesday and another 100 pips on Wednesday. Finally, Thursdays HotChart on AUDNZD speaks of itself. Such is the nature of the predictions and insights given on, using fundamentals, technicals and marrying all major market segments. Gold did not reach our target this week, but we have not abandoned our medium term bearishness in the metal.


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