Intraday Market Thoughts

Archived IMT (2010.06.08)

by Ashraf Laidi
Jun 8, 2010 16:34

RECURRING INTERVENTION TALK ABOUT SNB as EURCHF jumps 70 pips from $1.3746 low, prompting EUR crosses higher across the board, including EURUSD at 1.1980s. EURCHF seen capped at 1.3910. Japanese Finance Ministry officials also jawboning as they issue the standard warning against excessive disorderly moves, sending USDJPY by merely half a yen to 90.20s. YEN REMAINS DAYs best performer. GBPJPY and CADJPY facing their own right shoulder resistance at 133.50 and 87.50 respectively. Here are the rumours of the OTHER Oil SPILl reportedly occurring on April


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