Intraday Market Thoughts

Archived IMT (2009.05.18)

by Ashraf Laidi
May 18, 2009 17:13

The 1.8% rally in equities may be accompanied by thin volume, but currencies are doing their bit in further dragging JPY and USD. Oil prices dropped back below $58, gold virtually unmoved at $922, while USDJPY regains 96.00. USDCAD technicals risk testing the 1.16 support on improved risk appetite but the resulting retreat in oil may not shows no support. Latest HotChart on Oil prices and Yen pairs updated.


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