Intraday Market Thoughts
Trading Implications of those Four in One Charts
by
May 30, 2012 19:10
There are no significant EURUSD support levels between $1.24 and $1.22, but we urge extra care in the rebounds (however brief) as near the end of shortened week and the all important NFP. We are entering the 5th weekly decline in EURUSD, which is the longest losing streak since February 2010. Our cyclical charts shown over the last 4 months on BRICs policy rates, Eurozone macro deterioration, EU-US LIBOR spreads and the implications of EU Libor leading the decline (instead of USD labor pushing higher) are all outlined in todays Intermarket Insights with the latest trades. Click here http://ashraflaidi.com/products/sub01/access/?a=642 Non Subscribers can join here: http://ashraflaidi.com/products/sub01/
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