Intraday Market Thoughts

Archived IMT (2010.02.12)

by Ashraf Laidi
Feb 12, 2010 9:52

Weak German GDP data further drives up the US yield advantage over that of Germany to fresh 2.5 yr highs SEE CHART further dragging down EURUSD, which is now eyeing $1.3570. GBPUSD faces the $1.5770-80 barrier, while EURGBP eyes 0.8620 trend line support (from Aug 6). GOLD will have to break above 1105-07 to resurrect any chances of rebound. US retail sales & consumer sentiment due later today.


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