Intraday Market Thoughts

Archived IMT (2009.10.26)

by Ashraf Laidi
Oct 26, 2009 13:11

EURUSD seen struggling at $1.5070 and retest $1.4955, but keep watch on EURJPY as it nears the 139 triple top (expected to fail). Any risk aversion from busy US data calendar (Consumer Confidence and Home Price index due Tues, New Home Sales due Wed and Q3 GDP due Thurs) would boost JPY stabilization at extent of EURJPY. EURUSD also weighed by oils inability to regain 100-week MA of $82.00. USDCAD eyes 1.0590 target (see twitter/alaidi), followed by 1.0630.


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