Intraday Market Thoughts

Archived IMT (2009.10.05)

by Ashraf Laidi
Oct 5, 2009 17:19

US equities extend gains after a hesitant reaction to the services ISM, which managed to eke out a +50 figure for the first time in 12 months. The 14% plunge in the prices paid index below 50 maintains worries over disinflation, thereby, to explain oils struggle to break above 70. EURCHF rallying from Fridays 1.5090s amid the combination of broadening gains in EUR and CHF resulting from improved risk appetite. But because these gains are not a result of SNB intervention, additional strengthening is seen tapering off near $1.5145. NEW HOTCHART POSTED on AUDJPY


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