Intraday Market Thoughts

Archived IMT (2009.02.05)

by Ashraf Laidi
Feb 5, 2009 14:56

Gold makes a fresh recovery towards the $920s after 2 quiet sessions as cenl banks further cut the price of their currencies, further sending the price of non-currency assets higher, especially amid constant reminders of a deteriorating jobs picture in the US. SWISS FRANC remains the worst performing currency (only currency to lose against the falling yen) since the close of Wed NY session, while the GBP,NZD and AUD are the top winners. TODAY's HOTCHART CONFRIMS this thought.


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