Intraday Market Thoughts

Archived IMT (2009.11.20)

by Ashraf Laidi
Nov 20, 2009 13:48

TRIPLE TWITCHING HOUR may intensify the speed of the selloff in equities, which could impact options expiry in FX. GBP broadens selloff as GBPUSD drops for the 4th straight session, nearing $1.6420, but support is found at $1.6280. EURGBP breaks out of its 5-week trend line resitance of 0.8950 and is likely to make a run for 0.9060. USDCAD eyes 2-month trend line resistance at 1.0770, a break of which to call up 1.0850. CADJPY, EURJPY and GBPJPY eyeing 82.20, 131.10 and 144.50 for next week.


Latest IMTs