Archived IMT (2009.06.05)
FX markets lean towards risk-reduction trades as S&P500 struggles to hold in positive territory (although Dow outperforming a bit). USDCAD tests 1.1170 high, Cable dragged down below 1.60, while both AUDUSD and NZDUSD nearing session lows. Look for NZDUSD to retest 0.6220 low of earlier in the week. JPY also gradually firming up as S&P underperforms the Dow. The latter seeks to make the second daily close above the 200-day MA and to close positive on the year. AUD outperforming NZD, suggesting more downside for NZD against JPY and USD. EURUSD probing the 1.3970 trend support of the 8-week channel.
Copper Broke, Time to Worry?
by Ashraf Laidi | Sep 28, 2023 12:22
Inflection points in Gold إنعطافات الذهب
by Ashraf Laidi | Sep 22, 2023 18:25
GBP Does it again عملها مرة أخرى
by Ashraf Laidi | Sep 20, 2023 13:19
ندوة أوربكس الآن مع أشرف العايدي
by Ashraf Laidi | Sep 19, 2023 18:43
Gold & CPI Scenarios الذهب والسيناريوهات
by Ashraf Laidi | Sep 15, 2023 12:11