Intraday Market Thoughts
Archived IMT (2010.01.27)
by
Jan 27, 2010 16:31
State of the "Eurozone" Union Weighs on EUR. As Greek-German 10 yr spread soaring past the 2009 record highs of 3.20% and Portugals disappointing budget prompting talk of a credit downgrade, the anti-EUR trade continues to broaden in FX markets. Year-to-date, EUR has underperformed all major11 currencies with the exception of DKK & NZD, falling 2% vs. EUR & GBP and 6% against JPY. The fact that the USD Index has now breached above its 200-day MA and the euro falling below its multiple trend measures (below its 50, 100 and 200-day MAs) for the first time since April, boosts FX markets to probe the $1.38 target. $1.4150 becoming considerable ceiling and days are numbered for the 1.4015 support, allowing for 1.3970.
Latest IMTs
-
Forecaster App التطبيق الذي كنت تنتظره
by Ashraf Laidi | Jun 18, 2025 10:55
-
Updating GoldBugs تحديث مناجم الذهب
by Ashraf Laidi | Jun 16, 2025 13:58
-
Breaking Debt Ceiling & Forex Brokers
by Ashraf Laidi | Jun 6, 2025 17:33
-
Recession Metric & Tariff Marsh
by Ashraf Laidi | May 26, 2025 13:47
-
Bitcoin Maths رياضيات بيتكوين
by Ashraf Laidi | May 12, 2025 0:10