Archived IMT (2010.10.22)
GBPUSD & GBPCHFCOMBO. STERLING was not spared by the market this week, faring as the biggest loser among a group of currencies month-to-date, week-to-date and today. More losses are seen ahead. I warned on Monday that it would be an austere week for GBP based on the spending review and expected QE2 vote by MPCs Posen. The disappointing CBI data and unexpected decline in retail sales did not help either. While the GBPUSD HotChart remains valid http://bit.ly/bahqjD eyeing $1.5555 & possible $1.53, TAKE A LOOK AT GBPCHF longs as a possible hedge for GBPUSD shorts. WEEKLY & DAILY GBPCHF suggest interim upside extending to prelim target of $1.55 & 1.57. Such is a possible combo trade, which would be especially fuelled by further USDX gains towards 79.50s.
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