Intraday Market Thoughts

Archived IMT (2009.02.06)

by Ashraf Laidi
Feb 6, 2009 11:47

My targets for AUDJPY (60.00), AUDCAD (0.81) and AUDCHF (0.7720s) published over the last 3 days (in main article and Hot-Chart section) have already been hit overnight, reflecting the Aussies rally resulting from the passing of the stimulus package and the latest aggressive easing of 100-bps. While both AUD and NZD dominate the top FX rank for the last 12 hours, the AUD gets the best out of NZD due to more optimistic economic data and the boost from gold. This suggests the possibility for further gains in AUDCHF towards 0.79 and 0.8050. CANADIAN JOBS REPORT NEXT (exp -40K from prev -20K jobs) could prolong CAD losses vs AUD, NZD and USD.


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