Intraday Market Thoughts

Archived IMT (2010.02.11)

by Ashraf Laidi
Feb 11, 2010 14:18

EURUSD fails to make decisive break above $1.38 as EU says will reach agreement on Greece but lacks in details. EURUSD interim support stands at $1.3630. EU TIMETABLE: Post-EU Summit conference is expected at approx 15:30 GMT (according to MNI) for main EU presidency briefing, followed by the individual EU Fin Mins about an 1hr later. More detailed discussions on Greece will take place on Feb 15. GBPUSD once again fails near $1.5650s looking to retest $1.5560-70. CADJPY supported at 84.30, while AUD & NZD remain the better performers against JPY. AUD remains capped at 0.8950s (previous support), with subsequent barrier at the 50-day MA of 0.9020.


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