Intraday Market Thoughts

Archived IMT (2009.07.30)

by Ashraf Laidi
Jul 30, 2009 15:38

Aussie leads the pack for the day as the strongest performing currency, closely followed by sterling and the loonie as equities charge higher and S&P500 targets the 1,000 level. Watch the key VIX support level at 23. Market optimism is already being fuelled ahead of next Friday's payrolls, expected to produce around -250K in jobs, which could be the smallest decrease since August. Caution of market whipsaws between the London close and the 7-year Treasury auction (17:00 GMT). A GBPJPY clsoe above 157.35 sets up for 158.70 and 160.


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