Intraday Market Thoughts
Archived IMT (2011.03.28)
by
Mar 28, 2011 1:05
Euro hit by Merkels election defeat in the Conservative stronghold state of Baden-Wurttemberg, where the Chrisitian Democrats have not lost since 1952. That is the CDUs 3rd electoral defeat after having lost in Hamburg and weak showing in Saxony-Anhalt. Merkels decision to shut down 4 nuclear reactors in Baden-Wurttemberg turned out costly. Euro losing across the board, with EURUSD & EURCAD suggesting double tops at 1.4270s and 1.390 respectively. EURCAD drops 80 pips from Thursdays chart http://chart.ly/nrjnhgp eyeing interim target at 1.3690. EURAUD breaks below 1.3780 trendline support. EURGBP turning bearish but weekly chart continues to defy the bears after the breakout above 0.87.
Latest IMTs
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07
-
English Translation to Arabic Interview
by Ashraf Laidi | Apr 7, 2024 21:01
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17
-
Typical Errors on Gold, Silver, USD
by Ashraf Laidi | Apr 1, 2024 16:14