Archived IMT (2009.07.24)

Asian and European markets shrugged the retreat the scare from Microsoft but US equity futures are paring their earlier gains ahead of Univ of Michigan Sentiment Survey (13:45 GMT) exp at 65 in July final from 64.6. EURUSD probed the $1.4250s before treating towards $1.4200 while Sterling is dragged down across on a combination of bigger than expected decline in Q2 GDP and retreating US equity futures. GBPJPY extends losses from 157 to 155.55, now looking for 154. USDJPY eyes 94.05, 93.80.