Archived IMT (2009.11.03)

by Ashraf Laidi

Nov 3, 2009 10:01

Cable drops below $1.63 nearing the 1.6270 target after disappointing UK cpnstruction PMIs. USDCAD hits 1.0830, eyeing 1.0870 as oil nears our $75 target. FTSE-100 extends losses to 106 pts at 4,998. Risk Aversion is here to stay. EURCHF extends gains from 1.51 intervention territory,eyeing 1.5140, followed by 1.5170.

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