The Yen retraces some of its losses and equities pullback. Obviously, the carry trade dictates the overnight session. A New Century downgrade is also hurting link
NQ needs to hold 1765 (10 DMA), or the bounce off March lows could be over as the bear flag gets confirmed.
The Yen finding support makes sense, since jobs data is a lagging indicator and the strong Japanese GDP growth is what matters.
NQ needs to hold 1765 (10 DMA), or the bounce off March lows could be over as the bear flag gets confirmed.
The Yen finding support makes sense, since jobs data is a lagging indicator and the strong Japanese GDP growth is what matters.
This entry was posted
on Monday, March 12, 2007 at 3/12/2007 08:19:00 AM.
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