Intraday Market Thoughts

Archived IMT (2009.03.04)

by Ashraf Laidi
Mar 4, 2009 13:34

Yesterday's Hot-Chart remains valid into the medium term so no new Hot-Chart is shown today. Despite worse than expected declines in ADP survey), JPY may continue its current broad slide unless 15:00 GMT release of ISM release shows worse than expected 41. Another Geithner speech is due for the day, but resistance to 100 yen is increasingly waning, until 101.80 emerges as the next target.


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