Intraday Market Thoughts

Archived IMT (2009.06.17)

by Ashraf Laidi
Jun 17, 2009 17:40

Intraday moves increasingly turning to the price of US crude as a dirty gauge of appetite momentum, with the $70 figure in focus. Over the last 5 trading days, Dow and oil futures moved opposite to one another, with oil pullbacks benefiting JPY and USD vs oher currencies. AUDUSD downside mey extend towards 0.7830, whithe trend line resistance weighing on 0.7970 and NZDUSD capped at 0.6360. USDJPY capped at 96.30 and finds temp support at 95.50 TLine.


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