Archived IMT (2009.05.14)
Dollar strength joining yen strength in drawing risk aversion trades as GBPUSD breaks below $1.5070. CAD is well past its moment in the sun and is set for further damage, with USDCAD targeting goal at 1.1850, followed by 1.1910, which is the 200-day MA. The sell-oil story remains a fundamental driver as technicals show gradual signs of a breakdown, eyeing $54.66 as the next key target. Yen retains strength across the board and a break of 95 in USDJPY is viable, especially in the event of a considerable rebound in US jobless claims (12:30 GMT/13:30 London time) above 601K.
USD Deleveraging & Tech Applications
by Adam Button | Sep 23, 2020 18:16
The Moment of Truth?
by Adam Button | Sep 21, 2020 23:15
FX Shrugs, Indices Shaken
by Adam Button | Sep 18, 2020 18:53
Fed's 2023 Special, BoE Thinks Negative
by Adam Button | Sep 17, 2020 14:04
Trading in & out of the Fed
by Adam Button | Sep 16, 2020 16:52