Archived IMT (2010.11.23)
AUDUSD TEXT BOOK HEAD & SHOULDER http://chart.ly/4thf8k8
extending losses below 0.98, eyeing interim support at 0.9730, followed by 0.9660. With copper prices testing their 55-day MA of 8,180 and risk aversion enforced by Dutch fin min saying bond holders of Irish banks "will have to bleed" in consolidation, the USD-trade becomes all the more positive. The remarks from the Dutch fin minister deflect ATTENTION ONTO BANKING BONDS, leading to the realization that bond holders of Irish banks (not just sovereign) may not be saved by a bailout of the sovereign and could sustain losses from any insufficient program for the depositors. Upward revision in US Q3 GDP data as well as personal consumption expenditure is also serving to revise expectations vis-a-vis QE2. EURGBP extending losses below 0.85 testing the key 61.8% retracement, a break of which eyes 0.839.
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
by Ashraf Laidi | Jun 5, 2023 14:56
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