Intraday Thoughts – December 10, 2008

After a slow start Asian equity markets have started to pick up with the pm trade in Tokyo and with this currencies looking set for another run on the upside. At this point double bottoms are noted among the Yen crosses in the hourly charts though overbought indicators would need to see these triggered soon or risk a rejection from these minor resistances. Calendar wise we have little event risk of note going forward so now it will be a matter of corporate news, job cuts and the like that drives the individual parts of the equity indices that will see if we have a European rally.

This entry was posted on Wednesday, December 10th, 2008 at 4:47 am and is filed under Forex FunnyMentals.
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