Archived IMT (2009.04.22)
Concerns over surging planned UK treasury guilt sales of 220 bln exceeding forecasts of 150 bln bear negative implication for sterling, especially as the Debt & Mgmt Office stated that weak sterling to help alleviate the possibility of failed guilt auctions. Sterling is weakest performing currency of the day, just ahead of Kiwi. Todays breach beyond the $1.4530 target, calls for next level at $1.4380. The FTSE-100 Hourly Chart head&shoulder formation remains valid with 4,050 resistance (right shoulder) looming. Validity of 4,050 resistance underlined by right shoulder, left shoulder as well as the high from April 6th.
Copper Broke, Time to Worry?
by Ashraf Laidi | Sep 28, 2023 12:22
Inflection points in Gold إنعطافات الذهب
by Ashraf Laidi | Sep 22, 2023 18:25
GBP Does it again عملها مرة أخرى
by Ashraf Laidi | Sep 20, 2023 13:19
ندوة أوربكس الآن مع أشرف العايدي
by Ashraf Laidi | Sep 19, 2023 18:43
Gold & CPI Scenarios الذهب والسيناريوهات
by Ashraf Laidi | Sep 15, 2023 12:11