Intraday Market Thoughts

Archived IMT (2009.04.15)

by Ashraf Laidi
Apr 15, 2009 13:31

EUR, GBP seen to extend losses especially in event of worse than expected US indus production as risk aversion weighs. NY Fed's Empire State jumped to highest level since Dec but it is a highly volatile figure. See today's EURUSD Hotchart. Despite earlier $1.5036 print in cable, bias remains negative and prospects for $1.4870 looms.


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