Intraday Market Thoughts
Archived IMT (2011.01.12)
by
Jan 12, 2011 23:21
EUR JOINS BROAD DAMAGE OF THE USD, gaining +200 pips to $1.3130s but the downtrend remains intact as long as we do not see a CLOSE above $1.3270. The road back to $1.28 and $1.27 remains intact. I warned on Monday that care must be paid to US debt auctions (and not to get distracted by Portuguese auctions) and that poorly subscribed auctions would be positive for the USD via rising US yields. Todays well subscribed US 10-yr note auction dragged yields lower, which helped weigh on the already weak USD. WATCH ASHRAFs INTERVIEW with CNBC's Erin Burnett today discussing China's decision to open trading in the US http://bit.ly/gRXCIe
Latest IMTs
-
Deflationary Bitcoin صلابة بيتكوين
by Ashraf Laidi | Apr 24, 2024 11:20
-
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