Archived IMT (2010.03.11)
NZD weakness extends in European trading after the RBNZ decision to hold rates unchanged was accompanied by a dovish statement (no rate hike until before summer). NZDUSD hovers around 0.70, capped at 0.7050, with prelim downside target at 0.6930. NZDJPY consolidates at 63.30s territory, but 64.70 resistance holding since Feb 3. Chinas faster than expected CPI was accompanied with relatively cool Feb banking loan data (CNY 700 bln vs, exp CNY 675 bln). Remarks from Chinas stats bureau foreseeing mild inflation do will not prevent further tightening measures; especially as the Chinas Banking Regulatory Commission reiterated its calls for banks to limit credit expansion. This MAY help explain golds drifting near 1110 despite euros recent advances following JC Trcihets tacit approval for the EMF. EURUSD med term trend line resistance from Fen 9 high at $1.3670, a break of which calls up $1.3730.
Lame Duck May?
by Adam Button | May 17, 2019 11:56
بين الذهب والداو جونز
by Ashraf Laidi | May 17, 2019 11:28
Risk on as No War on Two Fronts
by Adam Button | May 16, 2019 12:55
Risk Can't Stay on, Bass Gives up
by Adam Button | May 15, 2019 13:09
عودة بتكوين ـ الى أين؟
by Ashraf Laidi | May 14, 2019 18:30