Intraday Market Thoughts
Archived IMT (2009.05.07)
by
May 7, 2009 12:51
Euro gains after ECB to $1.3363 session high after ECB cuts refi rate by 25 bps to 1.00% as expected, keeps deposit rate unchanged at 0.25% and cuts lending facility rate by a greater 50 bps to 1.75%. Expect further gains past $1.3370 and onto $1.3425. Gold already rallying to $920, eyes $935. Dow futures +62 pts, AUDNZD drops near session lows of $1.27, while AUDUSD hits fresh high of 0.7588, now eyeing 0.7720.
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