Intraday Market Thoughts

Archived IMT (2009.05.21)

by Ashraf Laidi
May 21, 2009 14:26

Dollar bounces off session lows as Dow futures -94 pts on the S&P downgrade of UK outlook. FTSE-100 and DAX -119 and -117. YEN STRENGTH remains the NAME OF THE GAME, dragging EURJPY below 130 and USDJPY towards 94.50, eyeing 93.80. Gold stands at $939 while oil retreats to $60.48. GBJPY once again failed to break above 150 and is set to target 145.70.


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