Intraday Market Thoughts

Archived IMT (2010.03.03)

by Ashraf Laidi
Mar 3, 2010 23:29

EURO's UPCOMING resistance standing near $1.3820-30 in the event of improved risk appetite, SEE CHART Neither tomorrow's BoE nor ECB interest rate announcements are expected to show anything new, but do allow for the small possibility of any dovish remarks from the BoE (Noon GMT). Theres also talk about Greece using its austerity plan to bypass the sceptical German and go to the IMF for assistance. Ashraf noted in todays CNBC interview that Greeces austerity plan was strict to the extent that it appeared to be from the IMF . Expect more speculation about whether Germany will provide loan guarantees and, which of the next credit rating agencies will praise todays plan (as did Moody's).


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