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Intraday Market Thoughts

View Latest IMT | Archives Calendar | Titles by Month

Archived IMT (2009.10.12)

by Ashraf Laidi

Oct 12, 2009 14:56

Oil prices soar on escalating worries about the USD and reserve diversification from central banks scaling up EUR and JPY. The breakout above $73 faces the $75 as the sole resistance, which augurs well for prolonged CAD gains ahead. See our LATEST HOTCHART on EURCAD http://bit.ly/4DckdM GBPUSD rebound off its 1.5720 lows remains capped at $1.5860. Ashraf's BLOOMBERG TV INTERVIEW earlier today http://bit.ly/86c4G

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