Intraday Market Thoughts
Archived IMT (2010.03.25)
by
Mar 25, 2010 22:12
GE-US 10 YIELD SPREAD at 3-YR LOW. Compare these TWO CHARTS:
On February 11, we bolstered our case for $1.32 EURUSD based on this chart http://chart.ly/eqbf3x highlighting our negative outlook for the German-US 10 yield differential, which stood at -0.50%, while EURUSD was at $1.38 at the time. Today, the GE-US spread has worsened to -0.73% http://chart.ly/faea8w and EURUSD dropped to $1.3270. Readers of this website were constantly reminded of our negative outlook for the German yield disadvantage being instrumental in guiding EURUSD towards $1.30 and $1.28. Looking ahead, we expect the spread to reach to -0.90s and help break EURUSD below $1.30.
Latest IMTs
-
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
-
Typical Errors on Gold, Silver, USD
by Ashraf Laidi | Apr 1, 2024 16:14