Intraday Market Thoughts

Archived IMT (2009.09.28)

by Ashraf Laidi
Sep 28, 2009 15:02

Watch ASHRAF's INTERVIEW earlier today discussing yen strength, oil, S&P500, and GBPUSD The usual Monday bounce in risk appetite emerges in the US, attempting to break the selling cycle into Asia. Rebounding oil eyes an attempt to regain 67, while S&P500 eyes a close above 1,060. EURUSD faces interim pressure at 1.4680, while the recovery in GBPUSD and USDJPY remains tepid at best. GBP remains the biggest loser of the day, after NZD. Recovery limited at 1.5980.


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