Intraday Market Thoughts
Archived IMT (2010.07.01)
by
Jul 1, 2010 10:29
Spain's 5-year auction raised EUR 3.5 bln auction, which was deemed good by bond traders considering the negative chatter about a possible Moodys downgrade. CHINAs June PMI may have escaped a decline below the 50 level, but the decline to 14-month lows at 50.4 was sufficient to send the Shanghai Composite and Nikkei down 2% and 2.6% respectively. Markets await the EUR 442 bln repayment of the 12-month funds obtained from the ECB, which is due within the half hour. recurring pattern of lower highs (see chart) highlights the difficulty of the $1.2370-75 resistance, while the interpolated downside target suggests a looming break towards the $1.2105-00.
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