Intraday Market Thoughts

Archived IMT (2010.01.22)

by Ashraf Laidi
Jan 22, 2010 12:06

Risk aversion returns as Dow futures go to -54 from +17 pts, pushing back up USD and JPY. AUDJPY recurring failure to to break above 82.20, now calling for 81.30, followed by rest of 80.70. GBPUSD did fail to regain $1.6290, now looking for $1.6130. EURUSD unable to regain $1.4170, now looking for $1.4050 as Portuguese 10 year yields exceeded their German counterparts by 112 bps (highest since May) while Greek-German spread hovers near last March highs for 300-bps .


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