Archived IMT (2008.11.26)
Despite the Fed's latest acrobatics in quantitaive easing, US stocks barely ended in positive territory, sugesting Asian and European trading could see renewed blow to risk appetite and a necessary pullback before the ThanksGiving Holiday in the US. GBPUSD peaked out at $1.5530, forming a classic reversal candle that could repeat the decline of 24 hrs ago and call up the interim support at $1.5340. Note how YEN CROSSES saw the least gains, thus, vulnerable to renewed damage in Asian/European trade.
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