Intraday Market Thoughts

Archived IMT (2009.01.26)

by Ashraf Laidi
Jan 26, 2009 19:31

NOT what the dollar wants to hear: According to Reuters:"White House says Fed has fired most of bullets on monetary policy, need fiscal stimulus now". Combining this headline with White House's stepping up of pressure on China's currency, the outlook for the US dollar may become challenging, especially if Chinese jawboning unfolds. AGAIN, 9:00 GMT release of IFO could prove instrumental in powering GOLD past $920 and onto $950 in event of better than exp Climate & Expectations indices. Exp 81.0 & 77.5 respectively.


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