Intraday Market Thoughts

Archived IMT (2009.05.22)

by Ashraf Laidi
May 22, 2009 20:21

This week may have unveiled a major turning point in currencies, commodities and bond markets as the onslaught of dollar was weakness triggered by widespread expectations of renewed treasury buying by the Fed. Key technical levels were breached in EURUSD, USDCAD, while USDJPY and AUDUSD see no reversal in their current trends. Sterling may offer shorting opportunities against commodity currencies as traders seek to correct the major moves of last fall. My interviews earlier today


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