Intraday Market Thoughts

Archived IMT (2009.06.19)

by Ashraf Laidi
Jun 19, 2009 14:58

Bond yields push a higher, as 10year hit 3.86% despite Kansas Feds attempts to tone down inflation fears. USD Index daily chart well of its session highs but support testing the 80.2050% retracement of the rise from the 70.74 record low to the Match highs of 89.62. Oil about to snap a 4-week winning streak, while equities attempt to push higher before an eventual retracement early next week ahead of the FOMC. USDJPY remained below 97.40s, eyeing interim support at 96.30.


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