Intraday Market Thoughts

Archived IMT (2008.09.16)

by Ashraf Laidi
Sep 16, 2008 23:31

JPY Erases Post-FOMC losses with USDJPY and AUDJPY dropping 100 and 200 points respectively after a Reuters story says the Federal government CANNOT PUT AIG under conservatorship. AIG chief Greenberg said AIG needs a bridge loan rather than conservatorship. But USD failed to breach beyond USD resistance levels we stated below. UK jobs data due at 4.30 am EST will be key.


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