Intraday Market Thoughts
Archived IMT (2009.06.04)
by
Jun 4, 2009 14:34
Sterling fluctuates wildly on rumours of PM Brown resignation and subsequent denials, leading to +(-)100-pip swings. GBPUSD posts its first back to back daily losses since April, now eyeing 1.6080 target, followed by 1.59, while resistance capped at 1.6440. EURUSD remains within the channel of this weeks Hot-Chart. Bank of Canada makes no change in its view of extending current policy to Q2 2010. USD strength overtakes gains in JPY. Keep in mind todays release of the monthly ICSC store sales index for May, which will be released WITHOUT Wal-Marts sales. ICSC ex Wal-Mart sales expected - 2%y/y in May after -2.7%y/y in April.
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