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Archived IMT (2010.12.14)

by Ashraf Laidi
Dec 14, 2010 15:10

ANOTHER CASE OF USD STRENGTH resulting from strong US retail sales. If EURUSD closes below $1.34, then EUR bears would grow in confidence that the break above $1.3460 was not Unsustainable.

*** ASHRAF Video Charts Analysis for Reuters Thomson **** on SEK, NOK and, USDNOK ahead of TOMORROW's NORGES & & RIKSBANK rate decisions. The Riksbank is expected to raise rates by 25-bps to 1.25% while the Norges seen unchanged at 2.00%. But NOK is seen as the preferred currency : http://link.reuters.com/cex99q

 
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