Intraday Market Thoughts

Archived IMT (2009.03.25)

by Ashraf Laidi
Mar 25, 2009 10:04

All the higher yielding currencies are out of favour, allowing for gains in USD and JPY. Aussie dropped to across the board after RBA head Stevens said further rate cuts would still help (if any) but would not comment about their likelihood. Aussie rebounds half a cent from its session lows, but traders are aware of the fact the currencys 2-week run must pause for breath as have global equities. More collapse in Japanese exports is not stopping the yen from outperforming most currencies. Chek out today's Hot-Chart on S&P500 Seasonals. Must be registered for access.


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