Archived IMT (2010.08.05)
BEST OF BOTH WORLDS FOR KIWI SHORTS US equities sell-off as jobless claims rise +479K, highest since April, adding to NZD losses against USD and JPY. Being a high yielding FX currency, NZD is among the usual victims of risk aversion, especially after higher than expected rise in NZ unemployment. NZDJPY may probe the 62 figure, with any deterioration in US equities in the event of a disappointing July jobs report on Friday, will likely call up 61.40. Although Aussie is pulling back on falling US equities, it remains robust against NZD along with all other currencies. USDCAD found a bottom at 1.01 for now, but further direction will depend on Fridays Canadian jobs figures due 90 mins before the US figures. Bond yields remain continue on the decline amid more talk of deflation; further benefiting the yen. USDJPY drops back below 86 as last nights recovery failed to take out 87. Heres Ashrafs Cantos Charts Video on Nikkei
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