Intraday Market Thoughts


by Ashraf Laidi
Mar 15, 2013 17:33

EURUSD may end the week off its Friday's lows but will likely close above the 6-week downward channel, which raises questions about further upside going into a data/event packed week. GBPUSD survived our short stop after yesterday's dual long ht all targets. USDJPY tests the week trendline and raises questions about the foundation of the 94.70/80. In our Latest Premium Insights, we added a new trading note on EURUSD with 3 multi-timeframe charts to clarify the balance of power between short-term positive dynamics and the mixed picture on the medium term, especially as we near the volatility of the FOMC on Wednesday.  German ZEW on Mar 19, followed by the FOMC on Mar 20 (FOMC Statement at 14:00 ET, 18:00 London/GMT & Bernanke Press Conference 30 mins later. Eurozone Flash PMIs on Mar 21 & IFO on Mar 22


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