Intraday Market Thoughts

Archived IMT (2009.07.20)

by Ashraf Laidi
Jul 20, 2009 11:53

A strong Friday close in NY and holiday in Japan paves the way for broader losses in JPY, followed by USD to the benefit of commodity FX and high yielders. Last weeks disappointing earnings from Google may not augur well for this week's array of technology earnings (Apple, Yahoo! and Amazon). Tuesday's testimony from Fed Chairman Bernanke will be scrutinized for whether any plans will be communicated regarding the exit strategy. /$ breaks above $1.4220 now faces 1.4280-85 high. LATEST HOTCHART on USDJPY is out.


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