Intraday Market Thoughts

Archived IMT (2010.03.15)

by Ashraf Laidi
Mar 15, 2010 13:57

Ashrafs interview earlier today discussing Chinas remarks forex remarks and the potential for a currency war between Washington and Beijing. DETERIORATING OIL technicals point to 77 as a viable target before weeks end, while sterlings rebound seen capped at $1.5120 before $1.50 emerges. USD provides a textbook case of stabilizing above its 4-month channel support of 79.20-30 before extending gains towards 80.20, now eyeing resistance at 80.50. USDCAD eyes prelim resistance at 1.0215-20, followed by 1.02550.


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