Archived IMT (2009.01.19)
USD and JPY add on to gains as European bourses deepen losses following the near-nationalization of UK banks. Cable already at $1.4470, a level suggested to CMC Clients as a target for tomorrow (post CPI). This could imply a possible sub $1.4300 tomorrow in the event that UK Dec CPI drops below 2.5%. EURUSD eyes $1.3020 for tomorrow. As losing European equities skip the US session into Asia, we could see USDCAD ... You must be a subscriber of Intraday Market Thoughts to read rest of content.
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