Intraday Market Thoughts
Archived IMT (2009.06.23)
by
Jun 23, 2009 12:50
Markets stabilize from the overnight sell-off in Asia, awaiting US May existing home sales (exp 2.6%, prev 2.9%), which could further boost appetite and lift USDJPY, GBPUSD and EURUSD towards the 96.00, $1.6425 and $1.4020, respectively. each of which presents near-term resistance. Euro has outperformed most of currencies as traders await Wednesdays 1-year auctionfor Eurozone banks--an operation that will highlight the funding/borrowing needs of European banks and potentially suggest the looming end of cheap fundding. USDCAD seen underpinned at 1.1460.
Latest IMTs
-
Breaking Debt Ceiling & Forex Brokers
by Ashraf Laidi | Jun 6, 2025 17:33
-
Recession Metric & Tariff Marsh
by Ashraf Laidi | May 26, 2025 13:47
-
Bitcoin Maths رياضيات بيتكوين
by Ashraf Laidi | May 12, 2025 0:10
-
Gold Correction or Breakdown
by Ashraf Laidi | Apr 25, 2025 14:56
-
Forecaster App التطبيق الذي كنت تنتظره
by Ashraf Laidi | Feb 23, 2025 23:00