Intraday Market Thoughts

Archived IMT (2009.06.18)

by Ashraf Laidi
Jun 18, 2009 14:24

Swiss National Bank gets back in the market again and intervenes by selling francs for euros after EURCHF fell back to 1.5. GBCHF also boosted by 200 pts to 1.7638. Resistance stands at previous support of 1.77. SEE GBPCHF HOTCHART for more details. Although weeky claims rose, continued claims fell for the first time since February, which is helping appetite at the expense of USD and JPY. Philly Fed survey in 30mins seen at -17 from -22.6. CABLE capped at 1.6420.


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