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EURUSD

1.1851

USDJPY

111.52

GBPUSD

1.3772

AUDUSD

0.7485

USDCAD

1.2406

GBPJPY

153.59

EURJPY

132.15

AUDJPY

83.48

CADJPY

89.86

Silver

26.23

Intraday Market Thoughts

View Latest IMT | Archives Calendar | Titles by Month

Archived IMT (2009.12.14)

by Ashraf Laidi

Dec 14, 2009 5:30

DOLLAR & YEN DROP ON Abu Dhabi's last minute intervention to help Dubai World to repay Nakheel PJSCs maturing bond of $3.5 bln. GBP, which was at most risk of a Dubai failure is leading the FX fally against USD. GBPUSD seen retesting $1.6380, EURGBP seen targetting 0.8960 and GBPJPY capped at 145.50. Gold looks to break above 1,130, which could pave the way for 1,155.

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