Intraday Market Thoughts
Archived IMT (2009.07.07)
by
Jul 7, 2009 18:31
Bond yields and oil prices are both tumbling, in line with our latest article of the week as economic concerns further reduce the appetite for risk. 10-year yields test the 3.45% support, while oil struggle to hold above $63. We still expect 3.20% to be the yield low in the current cycle. The 3-year US auction garnered sufficient interest from indirect dealers (proxy for foreign investors). USDCAD hit a session high of 1.1660, looking to regain yesterdays 6-week high of 1.1680. Aussie topped out at 0.8037 vs USD and 76.60 yen, eyeing 75 support. Cable remains vulnerable to a break towards $1.6070, with upside capped at 1.6330.
Latest IMTs
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07
-
English Translation to Arabic Interview
by Ashraf Laidi | Apr 7, 2024 21:01
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17
-
Typical Errors on Gold, Silver, USD
by Ashraf Laidi | Apr 1, 2024 16:14