Archived IMT (2010.11.23)
US Q3 GDP REVISED UP TO 2.5% from 2.0%, with PCE aleasy revised up to 2.8%. GOOD US DATA IS GOOD FOR USD (as we saw last week) based on QE2 arguments. KOREAN BORDER FIRE, FBI RAIDS of US hedge funds & prolonged Irish uncertainty are are all ideal catalysts for renewed risk-aversion. Despite the late session rebound in US Monday session, markets are back in sell mode. USD & CHF regain the bulk of risk appetite as the YEN is hit across the board by the exchange of fire across the Korean border, resulting into 4 casualties. YEN has always sold off during Korean tensions, now allowing for USD and CHF to flex muscles EUR and commodity currencies. EURCHF eyes 1.3310 trendline support. Watch AUDUSD breaking below 0.98, eyeing 0.9730, 0.9650 later in week.
Yen Tracking Yield Spreads again?
by Ashraf Laidi | May 30, 2023 17:08
Charts' Year to Date Performance
by Ashraf Laidi | May 29, 2023 16:23
What's a Cycle Completing Trade?
by Ashraf Laidi | May 19, 2023 18:50
الذهب: نهاية أو استراحة؟
by Ashraf Laidi | May 17, 2023 14:14
First Republic, Debt Ceiling, CDS & Bitcoin
by Ashraf Laidi | Apr 26, 2023 14:42