Archived IMT (2009.10.22)
GBP loses further ground after UK Sep retail sales came in flat on a month-to-month basis vs. expectations of a 0.5% increase. After having failed to regain $1.6660, GBPUSD extends losses towards 1.6490s. Yesterdays late session sell-off in US equities following the downgrade of Wells Fargo triggered broad losses in Asia and Europe, offering a modest boost to USD. We expect prelim support standing at $1.64555, followed by $1.6370. USDCAD looks to regain 1.0570, while CADJPY proves a fresh failure at 87. USDJPY still fails to regain that 91.70 resistance and is bound for further losses towards 90.80.
Gold was the Easy Part
by Ashraf Laidi | Aug 4, 2022 19:29
Trading Narratives vs Stats
by Ashraf Laidi | Jul 28, 2022 14:28
ECB Wakes, Nasdaq Leads, Yields Doubt
by Ashraf Laidi | Jul 21, 2022 19:34
Nearing Total Yield Curve Inversion
by Ashraf Laidi | Jul 12, 2022 15:43
What will the Fed do?
by Ashraf Laidi | Jul 5, 2022 14:52