Intraday Market Thoughts

Archived IMT (2009.05.15)

by Ashraf Laidi
May 15, 2009 13:32

Dollar and yen weakening after NY Fed Empire State survey -4.6 from -14.7, which is good news for risk appetite, while CPI was unchanged as exp while year on year -0.7%. CAD may not rise on these positive news due to dismal manufacturing sales from Canada, which fell 2.7% from February's 2.2% increase. Canadain factory order were also negative. USDCAD at session highs 1.1760 and could easily push higher in event of worse than exp US indus production in 40 mins from now.


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