Intraday Market Thoughts

Archived IMT (2009.07.24)

by Ashraf Laidi
Jul 24, 2009 13:22

Asian and European markets shrugged the retreat the scare from Microsoft but US equity futures are paring their earlier gains ahead of Univ of Michigan Sentiment Survey (13:45 GMT) exp at 65 in July final from 64.6. EURUSD probed the $1.4250s before treating towards $1.4200 while Sterling is dragged down across on a combination of bigger than expected decline in Q2 GDP and retreating US equity futures. GBPJPY extends losses from 157 to 155.55, now looking for 154. USDJPY eyes 94.05, 93.80.


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