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EURUSD

1.1851

USDJPY

111.52

GBPUSD

1.3772

AUDUSD

0.7485

USDCAD

1.2406

GBPJPY

153.59

EURJPY

132.15

AUDJPY

83.48

CADJPY

89.86

Silver

26.23

Intraday Market Thoughts

View Latest IMT | Archives Calendar | Titles by Month

Archived IMT (2009.11.12)

by Ashraf Laidi

Nov 12, 2009 16:56

EURUSD intensifies losses as oil accelerates declines nearing the October lows of 76.60s. Oil inventories showed a build of 1.8 mln brls in crude oil, well above expectations of 1.0 mln barrels. Oil's next key target stands at 75.00. EURUSD set to test 1.4825, which is the right shoulder of reverse Head&Shoulder formation. Only a close below it opens the door for prolonged damage towards $1.4770.

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