Intraday Market Thoughts
Archived IMT (2010.05.10)
by
May 10, 2010 13:36
GBP is 3rd BIGGEST LOSER in FX today (after JPY and USD). David Camerons Conservatives have signalled a willingness to partner their way into a majority but have not succeeded in ridding markets from what could be a prolonged period of hung parliament. The ensuing rally in global equities could well see another bounce in GBPUSD extending towards $1.5, but the presence of the trend line resistance at $1.5110 (from the Apr 27 high), is unlikely to be breached without a successful Tories/LibDem coalition. EURUSD faces imeediate resistance at $1.3140.
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