Intraday Market Thoughts

Archived IMT (2009.07.06)

by Ashraf Laidi
Jul 6, 2009 18:01

We could see a short-term pop in Aussie pairs (AUDUSD & AUDJPY) this evening if US equities extend their recovery into positive territory, especially if the June AIG construction index for Australia (due 23:30 GMT, 0:30 BST) improves from 46.9. Also pay attention from the RBA statement (4:30 GMT) when it is expected to announce inrterest rates unchanged at 3.00%. This could pave the way for AUDJPY gains towards high 75.70s and AUDUSD towards 0.7960s.


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