Intraday Market Thoughts

Archived IMT (2009.05.13)

by Ashraf Laidi
May 13, 2009 13:43

YEN SHOOTS IN , GREEN SHOOTS OUT: Decline in US retail sales worse than expected so was the march revision, prompting renewed gains in the Japanese currency. Also expect GBPUSD to call up $1.5030 (very ugly looking Daily candle) targetting $1.5030. Stick with yen longs vs NZD, CAD and EUR. USDCAD targets 1.1705. Dow futures -128 pts from -70 pts before the report.


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