Archived IMT (2010.02.08)
Unlike EUR net shorts vs. USD which have reached new record high of 43,741 contracts SEE CHART http://chart.ly/8ec4fx GBP net shorts remain well off their October highs of 62,106 contracts, reflecting less GBP pessimism in the currency against USD. But rising expectations that BoE will be forced into fresh asset purchases ahead of an uncertain election year, coupled with outright longs being built in USD, may prompt speculators into expanding their shorts near the October highs. The BoE may not be in a hurry to inject fresh QE, but markets will grow especially vigilant in viewing upcoming data with a QE lens, especially as the impact of the VAT hike and oil recovery recedes into the remaining of the quarter. Technically. Sterling's decline against USD and JPY is prompting traders to probe $1.5350 and 138.20 respectively as early as this week.
Latest IMTs
-
ندوة سويسكوت مساء اليوم مع أشرف العايدي
by Ashraf Laidi | Mar 11, 2025 15:46
-
Forecaster App التطبيق الذي كنت تنتظره
by Ashraf Laidi | Feb 23, 2025 23:00
-
Charting gold storage in NY تحليل مخزونات الذهب في نيويورك
by Ashraf Laidi | Feb 21, 2025 19:45
-
آخر ضربة تعريفات ترامب على الأسواق
by Ashraf Laidi | Feb 7, 2025 19:52
-
تداول فوضة تعريفات ترامب
by Ashraf Laidi | Jan 31, 2025 21:19