Intraday Market Thoughts
Archived IMT (2010.07.09)
by
Jul 9, 2010 9:16
BANK OF KOREA surprisingly raised rates by 25 bps to 2.25% after yesterdays hike from Malaysia. Weekly reversal in USDKRW suggests 1.160 is viable especially on a risk appetite play at expense of USD. Recall the Won was the biggest victim back in May when markets were hit by a combination of Korean-nuclear tensions and European sovereign debt concerns. But the Won rocketed in mid June after the PBOC announcement to add currency flexibility triggered expectations of an RMB revaluation.Citigroup global equity strategists prefer Russia, Turkey, Korea & Taiwan as their top markets, cut its LatAm equity allocation to underweight on weakening earnings & challenging interest rate envmt.
Latest IMTs
-
محتوى بوصلة السوق من العائد الى الذهب و الناسداك
by Ashraf Laidi | Mar 20, 2024 12:42
-
BTC Needs Powell Correction بيتكوين بحاجة الى تصحيح
by Ashraf Laidi | Mar 18, 2024 17:20
-
Not once, twice, but six ستة مرات ليس صدفة
by Ashraf Laidi | Mar 13, 2024 10:07
-
Finding 88K Bitcoin كيفية الوصول الى
by Ashraf Laidi | Mar 4, 2024 12:21
-
شراء بيتكوين وصل الى عشر أضعاف الإنتاج
by Ashraf Laidi | Feb 29, 2024 9:17