Intraday Market Thoughts
Archived IMT (2008.11.06)
by
Nov 6, 2008 13:00
The European Central Bank did not surprise as it reduced its refinancing rate by 50-bps to 3.25%. ECBs president JC Trichet will deliver the post-announcement press conference at 8.30 am EST, at the same time of the release of US weekly jobless claims (exp at 480K). GBPUSD drops back to $1.5905 from a post rate cut high of $1.6040 and EURUSD drops by a full cent to $1.2750. GBPUSD seen gradually dropping back below $1.5820 and into $1.5770. NOTE. BoE rates are now at their lowest since 1950s.
Latest IMTs
-
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
by Ashraf Laidi | Dec 4, 2023 13:46
-
Gold's 10, 38, 5 Pattern
by Ashraf Laidi | Nov 27, 2023 15:02
-
نحن الآن بين مرحلة 3 و 4 XAUUSD
by Ashraf Laidi | Nov 27, 2023 13:34
-
Live Stream at 10 am GMT
by Ashraf Laidi | Nov 23, 2023 9:37
-
Trading Gold Retracements تصحيحات و امتدادات الذهب
by Ashraf Laidi | Nov 21, 2023 11:46