Archived IMT (2010.03.24)
FX TECHNICAL TRENDING. While we always advocated the importance of paying attention to fundamentals on this website, the past 2 weeks have been dominated by technical trending in FX markets, whereby the US dollar began accumulating strength against EUR, GBP and to a lesser extend commodity currencies, until even risk (Portugal downgrade and disappointing US durable goods) started to weigh in equities and led to broader USD strength against AUD, CAD and NZD.. While our $1.32 EURUSD target for quarter end is now appearing more popular, we lift the probability of $1.28 by mid April to 70%. Fed Chairman Bernankes speech on exit strategy tomorrow to the HOUSE was originally due for Feb 10 but was cancelled due to snow. Thus while the speech may be the same, the Q&A session could shed some new light. Yesterdays GOLD and SILVER HOTCHART is already $17 in the money vs. GOLD and 50 points in the money in SILVER http://bit.ly/dhtUhL
Latest IMTs
-
محتوى بوصلة السوق من العائد الى الذهب و الناسداك
by Ashraf Laidi | Mar 20, 2024 12:42
-
BTC Needs Powell Correction بيتكوين بحاجة الى تصحيح
by Ashraf Laidi | Mar 18, 2024 17:20
-
Not once, twice, but six ستة مرات ليس صدفة
by Ashraf Laidi | Mar 13, 2024 10:07
-
Finding 88K Bitcoin كيفية الوصول الى
by Ashraf Laidi | Mar 4, 2024 12:21
-
شراء بيتكوين وصل الى عشر أضعاف الإنتاج
by Ashraf Laidi | Feb 29, 2024 9:17