Intraday Market Thoughts

Archived IMT (2009.03.18)

by Ashraf Laidi
Mar 18, 2009 19:00

DOLLAR BITES THE FED BULLET as the FOMC purchases of up to $300 bln in long term US Treasuries and $750 billion in MBS, sending the yield on 10-year yield treasuries plunging by 45 bps, and battering the dollar across the board. EURUSD shot through our $1.33 target to $1.3434, Aussie hammers past the 0.67 target to 0.6790, while GOLD PROVES it held again at $885 before rocketing by $50 in one day READERS OF THE past 8 HOTCHART sections were continiously warned of equity market rallies, USD damage and EUR gains vs CAD and USD. STAY TUNED FOR MORE.


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