Intraday Market Thoughts

Archived IMT (2009.09.21)

by Ashraf Laidi
Sep 21, 2009 19:04

US 10 year yields continue to face resistance at 3.49-50%, with a downward bias towards 3.42%. Wednesdays FOMC decision is expected to give no new info on the Treasury purchase program, which is due to conclude in October. US stocks are stuck at -0.4%, oil may test the $69 figure while gold struggles around $1,000. limited its rebound at $1.6230s, while remaining vulnerable to a retest of $1.610. EURGBP looks for a retest of Friday's 0.9090s, while USDJPY remained capped at 92.50s, with subsequn resistacne at 93.50-60.


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