Intraday Market Thoughts

Archived IMT (2009.10.14)

by Ashraf Laidi
Oct 14, 2009 16:34

FX markets are reluctant to add on the aggressive gains already posted by GBP, EUR and NZD against USD and EUR despite a blowout earnings by JPM, smaller than expected decrease in US retail sales and smaller than expected increase in UK jobless. Dow attempts to catch up with Nikkei at 10K, while SP500 maintains its 1080s footing above Gold's 1060s. Cable still faces interim resistance at 1.6050s, followed by 1.6120s. USDCAD remains supported at 1.0235-40 while oil awaits tomorrow's EIA data (delayed release).


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