Intraday Market Thoughts

Archived IMT (2009.12.21)

by Ashraf Laidi
Dec 21, 2009 19:51

Dollar strength intensifies amid lethargic trading FX volumes as USDJPY hits 91.25 target from Fridays IMT, paving the way for a gradual ascent towards 93. GBPUSD drops below $1.0650, further nearing the 200-day MA at $1.60. Gold meanwhile, breaks below 1,100, nearing the 1,070 target raised 2 weeks ago throughout the IMTs, and forum discussions. Silver vulnerable to 16.00.


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