Intraday Market Thoughts

Don't be Fooled by the Shortlived Bounce, Latest Intermarket Insights

by Ashraf Laidi
Jun 11, 2012 19:46

Rumblings of a weekend deal for Spain were already circulating on Friday, pushing most European and US equity indices higher earlier in the day, before a sharp turnaround ensued in a data-empty US session. Rather than delving into the long term effectiveness of such a bailout, traders are viewing the Spain news as part of a coordinated global approach towards staving off further volatility ahead of next weeks Greek elections. But the story remains choppy in FX as the USD regains fresh ground. See our latest Intermarket Insights in todays trades in EURUSD, GBPUSD, AUDUSD, USDCAD and gold. Direct Access here: Non subscribers can join here:


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