Intraday Market Thoughts

Archived IMT (2009.08.11)

by Ashraf Laidi
Aug 11, 2009 16:58

Watch ASHRAF's INTERVIEW on BLOOMBERG TV earlier today shedding light on the USD-Equity relationship and making the case against Sterling and the loonie While tomorrow's FOMC statement is dominating the news, tomorrow's Bank of England inflation report (9:30 am GMT) could be the early market-mover, potentially shedding further losses on GBP below the $1.64 support. BoE has already made the case for additional Quant Easing. The report will comprise the negative assessment making the case for the new program. CADJPY eyes 86.20.


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