Intraday Market Thoughts

Volatility Lifts Euro Above Key MA

by Ashraf Laidi
May 12, 2011 19:31

Volatility is at high extremes. EURUSD rallies 140 pips off its lows, silver jumped 9% in less than 12 hours without any fundamental reasons. There is no fundamental explanation for either move. Short squeeze remains the order of the day. Traders must pay attention to the key levels that matter. We mentioned those levels on a daily basis in our Premium Service and markets continue to respect them through the lack of daily closings. We give you 5 charts in todays Intermarket Insights, zooming in on EURUSD, USD and Silver. Her is direct link to today's piece:


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