Intraday Market Thoughts

Archived IMT (2009.07.29)

by Ashraf Laidi
Jul 29, 2009 16:16

MONTHLY VIX chart highlights a textbook bullish reversal signal as indicated by the doji star and further supported by the January 2007 trend line USDJPY still failing to break above 95.15 resistance, while EURUSD hit our 1.4060 target (from 1.4140), NZDUSD at 0.6520 and USDCAD nears 1.0930 target. This market is paging through the textbook of currency-intermarket dynamics. OIL DOWN $4.00 at $63.00


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