Intraday Market Thoughts

Archived IMT (2009.09.29)

by Ashraf Laidi
Sep 29, 2009 16:05

Oil's brief dip below $66 is SHARPLY REVERSED back up towards $67 on INCREASED GEOPOLITICAL TENSIONS vis--vis possible sanctions on Iran. Upcoming G6 meeting re Iran on Thursday could also help support oil. USDCAD back towards 1.0880s. The impact of better than expected house price figures was offset by an unexpected decline in August consumer confidence, whose jobs plentiful component hit 26 yr lows. US 10-yr yields break below 3.30%, eyeing key support of 3.25% support38% retracement of the rise from the Jan low to the June high. More equity losses still seen negatve for GBPUSD and EURUSD. ASHRAF's APPEARANCE on BNN yesterday


Latest IMTs