Intraday Market Thoughts
Archived IMT (2010.03.17)
by
Mar 17, 2010 9:36
More yen weakness emerges as the Bank of Japan doubles its 3-month lending facility to Yen 20 trillion. Although the amount was within market expectations, the MoF has made its intentions clear to battle deflation and fight excessive yen strength. USDJPY is still seen breaking 91 and onto 92 w/in next week while AUDJPY breaks 80.40. While the SP500 / VIX ratio has breached above 65 on Tuesday, this pattern is identical to that of mid Jan when the ratio hovered around 65 before tumbling down by 38%upon the Jan-Feb decline in equities. Keep close watch over the ratio. A close above 65 by week's end would call for a resumption of the risk trade. Ashraf is on travel therefore frequence of updates will be less than usual.
Latest IMTs
-
Deflationary Bitcoin صلابة بيتكوين
by Ashraf Laidi | Apr 24, 2024 11:20
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07
-
English Translation to Arabic Interview
by Ashraf Laidi | Apr 7, 2024 21:01
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17