Intraday Market Thoughts

Archived IMT (2009.06.03)

by Ashraf Laidi
Jun 3, 2009 17:35

Reports of further reshuffling in UK govt add to sterlings losses across the board, eyeing $1.6120 and 0.57 vs EUR. Cable has had only 2 losing days over the last 14 trading days. Again, be aware of accelerating losses in the yen pairs (AUDJPY, EURJPY, NZDJPY and CADJPY) in the last 45 mins of NY trading. Oil, gold and silver all down, with Gold/Silver dropping to 62. USDCAD hits 1.1030 target, now eyeing 1.1130.


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