Intraday Market Thoughts

Archived IMT (2009.02.24)

by Ashraf Laidi
Feb 24, 2009 16:49

USDCAD moves in line with today's Hot-Chart (accessed via password) a risk appetite improves at expense of JPY and USD. While both low yielding currencies are under pressure, further upside in USDJPY may attain 97.20 and onto 98.00 later in the week. EURGBP faces short term pressure at 0.8860, but rest of week may allow for prolonged gains towards 0.8920s. Foundation stand sat 0.8720.


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