Intraday Market Thoughts

Archived IMT (2010.07.02)

by Ashraf Laidi
Jul 2, 2010 17:33

STOCKS DEEPEN IN THE RED during NY Lunch, prompting USD higher, but USDCAD still seen capped at 1.0680, while EURUSD remains unable to regain 1.2660, now facing support at 1.2480. We're not giving up on the $1.2660 target. HOLLAND SENDS BRAZIL to ROBBEN ISLAND as the "Holland Oranje" come back from a 1-0 deficit to score twice in the first quarter final of the WorldCup. After two consecutive WCup defeats against Brazil (1994 and 1998), Holland finally gives the Samba Boys to think aboutuntil the 2014 WorldCup, which will be held in Brazil. Holland maintains its UNBEATEN RUN since their last defeat on September 2008. And yes, this was the SOLUTION TO THE 2-WEEK OLD RIDDLE. England has not lost since Sep 2008, the same month when Lehman Bros was dissolved. Facing the winner of Ghana-Uruguay, the Dutch can almost taste the final. Holland was a loser in 2 consecutive WCup Finals (1974 vs. W. Germany and 1978 vs. Argentina). The only other nation in modern times to lose in 2 consecutive WCup finals was W.Germany (1982 vs. Italy and 1986 vs. Argentina).


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