Intraday Market Thoughts

Archived IMT (2009.12.07)

by Ashraf Laidi
Dec 7, 2009 7:48

Japanese equity indices among the best-performing Asian indices despite in Monday despite US indices having paired their gains in the Friday session. FX on risk aversion mode as EURUSD gets close to that important support of $1.4830, cable vulnerable to test $1.6380 and oil prominently unable to regain $76. And despite Japans success to rein in yen strength, we are seeing modest rebound in the currency, as AUDJPY, EURJPY and GBPJPY turn lowerespecially the 4-hour charts. Ashraf is on travel schedule in Asia so updates will be on less regular frequency.


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