Intraday Market Thoughts

Archived IMT (2009.06.22)

by Ashraf Laidi
Jun 22, 2009 13:52

Falling equities boost the USD and JPY, as FTSE, DAX and Dow futures deepen in the red. USDCAD broke above 1.15, targetting 1.15while GBPUSD tests $1.64 eyeing 1.6360. Selling in Russian and Indian stocks sheds further doubt on the emerging market rally, which should increase risk aversion to the benefit of USD and JPY. EURUSD eyes $1.3790, while USDJPY eyes 95.30. NZDUSD eyes 0.6270.


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