Intraday Market Thoughts

Archived IMT (2009.05.20)

by Ashraf Laidi
May 20, 2009 15:13

HEAVY DOLLAR SELLING as with the dollar index hitting fresh 5-month lows at 81.26. Even GBP managed to break above its 200-day MA vs USD (1.5570) something that all majors currencies had achieved in previous weeks. EURUSD knives above $1.3740 resist, next level stands at $1.3860. Cable faces $1.5700. On CNBC Arabia in 15 minutes


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