Intraday Market Thoughts

Archived IMT (2009.06.19)

by Ashraf Laidi
Jun 19, 2009 10:00

It is the third Friday of June, which means its triple witching hour in the US--simultaneous expiration of stock index futures, stock index options and individual stock options. Such days usually accompany extra volatility. Lack of economic data on both sides of the Atlantic likely to give way to technical trading but major directional shifts, especially ahead of next weeks FOMC. USDJPY seen capped at 97.40s, while EURUSD remain confined within the $1.4030-$1.3820 wedge. S&P500 set to make its first weekly close in 4 weeks. A possible intraday high seen capped at 930-935.


Latest IMTs