Intraday Market Thoughts

Archived IMT (2010.01.11)

by Ashraf Laidi
Jan 11, 2010 18:14

INTERMARKET SUPPORT FOR USD. The US 10- year yield holds foundation at 3.75% (USD support), GOLD capped at 1,168 (61.8% retracement), EURUSD capped at that 1.4590 resistance and FINALLY USD INDEX remains well bid up above 76.25which is near the twin moving averages (50 & 100 day). USDJPY did break below 92.20 but will it close the NY session below it. next support stands at 91.30. Magnitude, aside, USDJPY has not closed lower for 3 consec. days since early Dec. Cable still capped at $1.6240, followed by $1.63.


Latest IMTs