Intraday Market Thoughts

Archived IMT (2008.11.18)

by Ashraf Laidi
Nov 18, 2008 13:45

JPY emerges from the shadow of GBP amid a fresh ascent in global risk aversion. Markets to keep watch on Paulson/Bernanke's testimony shedding more detail on the immobilization of half TARP package. Keep close watch on Dow and S&P500 continue closing above the key 8,100 and 840 levels before considering fresh trades on the low yielding JPY. As in all JPY crosses, USDJPY tested test the bottom of a symmetrical triangle, at 95.50, but 95.80 has first to be ... ...Rest of Analysis Available to SUBSCRIBERS OF INTRADAY THOUGHS.


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