Intraday Market Thoughts

Archived IMT (2009.10.06)

by Ashraf Laidi
Oct 6, 2009 13:17

WATCH ASHRAF's INTERVIEW on Bloomberg TV earlier today discussing FX reserve diversification, USD hegemony and China's currency Targets of EURGBP, GBPUSD hit at 0.9260, 1.5880 respectively. GBP remains the ONLY CURRENCY UNDERperforming against the USD. No major US data releases today, which could help maintain current strength in stocks. CANADIAN buidling permits due at 12:30 GMT, Ivey PMI 9exp 56.6 from 55.7) due at 15:00 GMT


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