Intraday Market Thoughts
Archived IMT (2009.11.09)
by
Nov 9, 2009 16:40
Advancing EURGBP eyes 0.90 while on stabilizing oscillators as GBP deepens losses after Kraft news of an unchanged takeover amount. GBPUSD extends losses by more than full cent, eyeing $1.6680. But GBP selling could stabilize on UK RICS housing figures due at midnight GMT. Aussie traders watch Oct NAB business confidence at 00:30 to determine the break above the previous high of 0.9330.
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