Intraday Market Thoughts
Archived IMT (2008.12.16)
by
Dec 16, 2008 16:18
With USDJPY breaching below 90 yen, 2 yen below last weeks 13-year lows and the rest of the yen crosses (EURJPY and GBPJPY) rising, the dollar impact shows emerges despite improved risk aversion. EURUSD breaches our year-end target of $1.37 and testing above a major resistance of $1.3750--the 38% retracement of the decline from the $1.6038 record high to the $1.2328 low. $1.3880 acts as the next obstacle. GBPUSD faces interim resistance at $1.55, a breach of which seen extending to as high $1.57.
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