Intraday Market Thoughts
Archived IMT (2010.11.17)
by
Nov 17, 2010 16:27
THERE ARE 3 POTENTIALLY destabilizing forces for risk appetite and the euro STANDING OUT from the Greece debt crisis of Jan-June; i) Greater dissent in the Irish Parliament against austere budgetary decisions than in the case of Greek parliament earlier this summer; ii) More support for irish debt restructuring by France and Germany; iii) expectations of further Chinese rate hikes; which have more market impact than raising reserve requirements. THESE ARE THE MAINF ACTORS that could make a difference in extending euro's losses, particularly against the USD. I do NOT see a close above $1.3578 today (55-day MA) which should maintain downside pressure, but no close below $1.35 (55-week MA) is seen for today.
Latest IMTs
-
تداول تزامن المتوسطات المتحركة
by Ashraf Laidi | Jul 26, 2024 23:47
-
TimeStamp Breakdown تقسيم أجزاء الفيديو
by Ashraf Laidi | Jul 24, 2024 10:10
-
تداول الفجوات في ناسداك و دولارين
by Ashraf Laidi | Jul 23, 2024 19:33
-
Chapters Breakdown تفصيل المحتوى
by Ashraf Laidi | Jul 19, 2024 11:25
-
Gold & JPY تحديث الذهب و الين الياباني
by Ashraf Laidi | Jul 18, 2024 18:40