Intraday Market Thoughts

Archived IMT (2008.09.24)

by Ashraf Laidi
Sep 24, 2008 9:15

German Sept IFO lower than expected across the board. Climate index 92.9 vs exp 94.1; Current Assessment index 99.8 vs exp 101.9; Expetctations Index 86.5 vs exp 87.3. EUR strengthens despite the news and the fact that IFO survey was taken before last week's market metdown. GBPUSD shorts may be hedged with AUDUSD longs and EURGBP shorts.


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