Archived IMT (2009.03.16)

Watch Ashraf on CNBC Europe at 16:05 GMT discussing FX and market appetite. S&P500 rises for the 5th straight day, longest winning streak since November (EURUSD has its longest winning streak since Dec). keep an eye on my analysis for expecting a 2-month rising cycle for global equities, which would be especially negative for USD.This weeks Federal Reserve announcement could further boost market psychology by persisting its policy of balance sheet expansion, without resorting to purchasing long term treasuries.