Archived IMT (2010.11.22)
AUSSIE, KIWI, OR BOTH? S&P's decision to place New Zealand foreign currency on negtaive outlook out of concern with its surging current account deficit running 3% of GDP. NZD already fell 1% against USD to 0.7690, with more downside seen at the Oct high of 0.7640, followed by 0.7570. But rather than simply chasing the Kiwi trade against USD or JPY, consider AUD losses vs. USD. AUDUSD Daily shows a possible Head & Shoulder formation with the failed right shoulder at 0.9958 before pulling back towards 0.9820s. prelim support seen standing at 0.9770, before the 0.9730 coincides with 55-day MA, a tech level which held since August. You must know by know the importance of those 55 MAs (daily & weekly) after the patterns with EURUSD, 10 year yields and USDX.
Yen Tracking Yield Spreads again?
by Ashraf Laidi | May 30, 2023 17:08
Charts' Year to Date Performance
by Ashraf Laidi | May 29, 2023 16:23
What's a Cycle Completing Trade?
by Ashraf Laidi | May 19, 2023 18:50
الذهب: نهاية أو استراحة؟
by Ashraf Laidi | May 17, 2023 14:14
First Republic, Debt Ceiling, CDS & Bitcoin
by Ashraf Laidi | Apr 26, 2023 14:42