Intraday Market Thoughts

Archived IMT (2009.05.22)

by Ashraf Laidi
May 22, 2009 16:50

Markets in the US and UK wind down into the long weekend, with dollar weakness intensified by a rebound in US equities. Gold surged to $961, while oil adrift below $61. AUDNZD extends losses off the triple top of 1.29, nearing the 1.2550 bottom. Both EURJPY and GBPJPY broke above 132.30 and 150.30 respectively as the yen is dragged by the improvement in equities. S&P5attempts to regain 900 while 10 year yield hover at the latest 6-mth high of 3.4%. Ashraf's interview on BNN ( earlier today.


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