Archived IMT (2010.02.09)
It is not at all far-fetched for markets to drag down the euro and Eurozone sovereign bonds due to non-EUR specific dynamics; such as prolonged tightening from China (tomorrows retail sales, CPI & loan figures), hawkish remarks from Chairman Bernanke on Wednesday and/or disappointing US retail sales (attributed to bad weather). Markets typically exacerbate the risk framework from dynamics that are unrelated to the target market. CADJPY consolidation remains in 83.00-83.90s, providing ample room for traders to play the range. Strong CAN jobs figures may not permit excessive CAD shorts below 83.70 unless significant event-risk emerges. GBPUSD attempts regaining yesterdays failed resistance of $1.5670 but fresh shorts seen at those levels ahead of Wednesdays BoE inflation report & King testimony.
Latest IMTs
-
Gold's 10, 38, 5 Pattern
by Ashraf Laidi | Nov 27, 2023 15:02
-
نحن الآن بين مرحلة 3 و 4 XAUUSD
by Ashraf Laidi | Nov 27, 2023 13:34
-
Live Stream at 10 am GMT
by Ashraf Laidi | Nov 23, 2023 9:37
-
Trading Gold Retracements تصحيحات و امتدادات الذهب
by Ashraf Laidi | Nov 21, 2023 11:46
-
Aussie Top Down Approach
by Ashraf Laidi | Nov 21, 2023 9:29