Archived IMT (2011.02.11)
WILL WE SEE BOTH OF THESE INSTRUMENTS MAKE A TURN IN THIS CHART? http://chart.ly/7js4xoc As Egyptian protests escalate to the point that the people have surrounded the Presidential Palace signals the surge in anger resulting from Mubaraks refusal to stand down. If the crowds anger transpires to a post-Friday Prayer resurgence and the Military engages with the crowds, then it is possible to see the safe haven USD-buying (which we saw 2 Fridays ago) boosting Treasuries (falling yields), oil, gold and weighing on equities. In such a situation, however, we may see the currencies of these commodities struggle against the USD. This is all the more possible since USD positive momentum is already on the rise. EURUSD never made it above $1.3720s right shoulder (see prev IMT) and has now hit the prelim target of $1.3580, yet requiring a close below the 100-day MA of $1.3520. AUSSIE REMAINS THE FOCUS OF bearish risk currencies, eyeing 0.9930s, followed by 0.9880 and 0.98 (61.8% retracement)
IF YOU HAVE NOT VOTED for me at this year's Shorty Awards (Twitter) then why not nominate me for the #finance category? Please state a reason so your vote counts. http://shortyawards.com/alaidi THANKS
Latest IMTs
-
ندوة سويسكوت مساء اليوم مع أشرف العايدي
by Ashraf Laidi | Mar 11, 2025 15:46
-
Forecaster App التطبيق الذي كنت تنتظره
by Ashraf Laidi | Feb 23, 2025 23:00
-
Charting gold storage in NY تحليل مخزونات الذهب في نيويورك
by Ashraf Laidi | Feb 21, 2025 19:45
-
آخر ضربة تعريفات ترامب على الأسواق
by Ashraf Laidi | Feb 7, 2025 19:52
-
تداول فوضة تعريفات ترامب
by Ashraf Laidi | Jan 31, 2025 21:19