Intraday Market Thoughts

Archived IMT (2009.10.09)

by Ashraf Laidi
Oct 9, 2009 17:23

Aside from a stronger CAD, RISING USD BOND YIELDS (30yr yield at 2 week high 4.20%) are the main mover of the day following yesterday's weak 30-yr auction and Bernanke's remarks about tighter monetary policy. Market News Intl reports China and ME accounts selling metals overnight. We might also be seeing a scaling down of USD shorts ahead of the IMF/WB meetings, which could involve much USD-supporting remarks from global policymakers. EURCAD down 80 pips to 1.5320 from earlier IMT, GBPUSD hits $1.5880, eyeing 1.5820, while AUDCAD eyes 0.9380, followed by 0.9330. WATCH ASHRAF on CNBC's Street SIgns at 2:45 pm EDT (6:45 pm GMT).


Latest IMTs