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Archived IMT (2009.06.26)

by Ashraf Laidi
Jun 26, 2009 12:54

Nikkei-25 responded with a 0.8% gain after the 2% rally in the US, while European equities modestly in the black. Dow futures -14 pts awaiting US personal spending; seen +0.3% from +0.5%. USDJPY proves the recurring loser as USD weakness and JPY strength continue to re-emerge. We stick with our current Hotchart for a sub-93 in USDJPY by next week. USDCAD interim support at 1.1415 as oil prices remain above 70, but look for a break below the figure, which could recall +1.1520s. EURUSD eyes 1.4130.

 
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