Intraday Market Thoughts

Archived IMT (2009.06.25)

by Ashraf Laidi
Jun 25, 2009 15:46

USDCAD attained the 1.1637 session high, short of the 1.1645 resistancewedge between falling trend line resistance from March high and 38% retracement from the March high. A break of 1.1650 sees 1.1720 and 1.1770. Oil recovered above $69 on more attacks on Nigerian oil pipelines. Congress continues to question Bernanke while stocks +0.7%. Unexpected rise in jobless claims dragged down yields (10- yr yield to 3.65%) while gold little changed at $936. NZD shorts may look into hedging with shorting GBPNZD to ook for 2.53.


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