Intraday Market Thoughts

Archived IMT (2009.02.20)

by Ashraf Laidi
Feb 20, 2009 10:32

25-year lows in japan's broader Topix index have reinvigorated the yen, while a better than expected increase in UK retail sales fails to boost sentiment. EURCHF rallies in line with yesterday's Hot-Chart analysis despite a deccline in risk appetite as the SWISS FRANC DEEPENS LOSSES across the board on the back of UBS's need to disclose the list of suspect clients and the implications for the bank and the Swiss economy. USDCHF chatters yesterday's 1.1770 target extending beyond 1.1830 resistance, while EURCHF eyes 1.50.


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