Intraday Market Thoughts

Archived IMT (2009.04.09)

by Ashraf Laidi
Apr 9, 2009 13:52

The Aussie/Copper story communicated in previous charts strategy continues to hold as the metal surges to fresh 5-month highs at $4,370/ MT and the Aussie establishes footing above 70 US cents despite bouts of risk aversion and the latest worse than expected Aussie jobs figures (unemp at 5.7% vs exp 5.4% and payrolls -34.7K vs exp -25K). Such resilience attests to the superior fundamentals of the Aussie long communicated in this website. AUDCHF is up 20% from its October lows at 0.8244, while AUDJPY is up 32% from its Feb lows. See today's Hot-Chart on EURCHF.


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