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EUR/USD and GBP/USD Clip Strength on Stable U.S. Data Points

Posted on April 15, 2009 at 8:27 in Commentary, Market Analysis by Tim Salem

Greetings again, Everyone!

We are about 5 minutes ahead of the NYSE Open where we have Micro-Dollar Strength “Across the Board” on an IntraDay Basis.

U.S. Core CPI reveals itself to be stronger than expected and as usual in these “Fragile” Markets these days… “Sentiment” with Data Points is held at Gunpoint and used as Leverage… irregardless of a Positive or Negative Tone.

The Fiber and Cable are no different here as their Rallies in Appreciation are clipped.

We still maintain the overall Daily Trends… but IntraDay Price Action is using Key Dynamic Levels such as Fibs,  and Static Levels such as my “Transitive Rollover” Ideas,  to renegotiate Support and Resistance Levels.

More Data is on the way to provide additional “Catalysts”, so we may expect more Momentum Shifts in Price as our Day moves forward.

Here are the Hourly Views of both Units, so give them a Click for Commentary, and Post-Time is 13:25 GMT.

 

 

 

 

 

I will be back with you around 16:00-17:00 GMT for another Update, as we see if any of our Larger Correlations with Equities and the Dow come into View. 

We will also check in beyond that for an additional Update to see if we have any more Macro-Shifts moving into the “Doldrums” and then into the Asian-Pacific Sectors !

;-)

 

 

 

Tags: Cable, Capacity Utilization, Consumer Price Index, CPI, deflation, equity, EUR/USD. GBP/USD, euro, Europe, federal reserve, inflation, NYSE, TIC, Treasury, U.K.

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