Intraday Market Thoughts

Archived IMT (2010.05.11)

by Ashraf Laidi
May 11, 2010 16:07

GBP RALLIES on UNconfirmed news that talks between Labour Party and LibDems are temporarily over. GBPUSD eyes interim resistance at 1.4980, followed by 1.5020. We could hear a confirmations anytime now. FTSE-100 retraces 76% of day''s earlier losses.

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