Intraday Market Thoughts

Archived IMT (2009.07.10)

by Ashraf Laidi
Jul 10, 2009 12:11

FX markets growing more nervous over risk aversion (Dow futures at worst levels of the day, oil retests 59.50s, bond yields down, gold eyes $900), as the high yielders show the most damage; AUD extending losses against NZD and CAD, while JPY accelerates gains to session highs. EURUSD breaks below $1.39, eyeing $1.3820, while cable eyes $1.6170s. USDCAD eyes 1.1655, a break of which to take us towards this weeks high of $1.1690.


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