Intraday Market Thoughts
Archived IMT (2010.01.13)
by
Jan 13, 2010 1:27
More disappointing figures from Canada. Todays unexpected shift to a trade deficit, Mondays bigger than exp decline building permits and Fridays disappointing jobs figures are increasingly eroding loonies flight and raising USDCAD faces a ripe fundamental set-up for further gains, which is supported by nearly perfect trend line resistance at 1.0410 (from Dec 17 high), requiring a close towards 1.0420 to pave the way for 1.0480 and 1.0540. IT IS AFTER MIDNIGHT and we contine to SEND YOU THE INSIGHTS tha give you the heads up in global markets. WE MERIT YOUR NOMINATION TO THE SHORTY AWARDS in the Finance Category http://shortyawards.com/alaidi THANK YOU
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