Intraday Market Thoughts

Archived IMT (2009.06.24)

by Ashraf Laidi
Jun 24, 2009 19:36

DOLLAR EXTENDS STRENGTH as we warned 3 hours before IMTs as FOMC's barely unchanged statement signals Fed IS NO RUSH TO PUSH DOWN YIELDS, which were already dragged lower by strong auctions and weak housing figures of past 2 days. ALL PRE-FOMC TARGETS (in twitter) already hit USDCAD 1.1530, EURUSD 1.3880 target CABLE 1.6370 (see our trades on tweets) all at expense of stocks and commodities. We may also emerging YEN STRENGTH vs EUR, GBP and CAD.


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