Intraday Market Thoughts

Archived IMT (2009.07.16)

by Ashraf Laidi
Jul 16, 2009 11:06

Markets turning to cautious mode as the CIT news dampens confidence and markets retreat on the defensive ahead of the JPMs Q2 earnings (10:30 GMT, 6:30 EST) seen at 5 cents/share, but higher end leaning as high as 9 cents/share. US jobless claims (12:30 GMT) seen at 553K from previous 565K, which could further elevate risk appetite at expense of USD and JPY. But EURUSD still failing to regain the $1.4120 trend line resistance as is AUDUSD failing to regain the $0.8090s


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