Intraday Market Thoughts
Archived IMT (2010.04.13)
by
Apr 13, 2010 12:29
Greece successfully raised 1.2 billion euros of 6 and 12-month T bills today, with an interest rate at below 5%. While we mentioned $1.3780-00 as the resistance point, EURUSD may be facing a lower obstacle at $1.3720, 23% of the decline from the $1.5130 high to the $1.3276 low. US earnings season kicks off this week, with the simultaneous release of US retail sales, industrial production, Philly Fed and housing starts. GBPUSD regains $1.54 after a bigger than expected decline in UK Feb trade deficit. Cable to attempt retesting the $1.5450s, but do keep close watch on the last weeks shootingstar candle, which may imply emerging bearishness later this week.
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