Intraday Market Thoughts

Archived IMT (2009.10.27)

by Ashraf Laidi
Oct 27, 2009 9:58

GBP is the best performing currency of the last 24 hours as traders opt for broader selling in EUR, CAD and CHF. Watch out from this morning's UK Oct CBI survey (11:00 GMT) , which is expected +5.0 from prev +3.0. A figure above 4.0 would extend sterling gains towards the next resistance of $1.6480. EURJPY and CADJPY extend damage as warned in last 24 hours, eyeing 135 and 85.00 into mid week. US consumer confidence due at 14:00 GMT is seen unchanged at 53.1.


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