Intraday Market Thoughts

Archived IMT (2010.03.23)

by Ashraf Laidi
Mar 23, 2010 16:47

Euro increasingly vulnerable to the sub-$1.33 leg down as traders come to terms with the fact that 3 months have elapsed since the last credit downgrade of Greece and no credible solution on how it will obtain 56 billion for its short term obligations. It is now confirmed that German taxpayers oppose any assistance for Greece. Why would traders have hope for this weeks EU Summit when little agreement in the way of concrete resolution emerged over the last 3 weeks? See latest HOTCHART on Gold & Silvers Dead Cat Bounce


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