Intraday Market Thoughts

Archived IMT (2009.06.17)

by Ashraf Laidi
Jun 17, 2009 15:03

Sterling extends losses as BoE puts QE to use and buys 5-10 yr guilts and S&drops below its 100-day MA. FTSE-100 already dropped below its 200-day MA of 4289. $1.6170 target seen with resistance seen holding at 1.6355. USDCAD attempts retest of 1.1430, followed by resistance of 1.1490. EURUSD still holds at 1.3850s. The CADJPY has produced its 340-pip target in 2 days. Join our Twitter and make it 500.


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