Intraday Market Thoughts

Archived IMT (2009.07.29)

by Ashraf Laidi
Jul 29, 2009 13:50

Bigger than expected 2.5% decline in US durable goods accelerating USD bounce as Dow futures -51 pts. EURUSD eyes 1.4060, GBPUSD eyes 1.6270, USDJPY eyes 94.10. US crude oil breaks below 66 trend line support, eyeing next key target at $64.93--38% retracement from 58.41 low. GBPJPY looks to flirt with yesterday's lows again. USDJPY eyes 94.10 after failure at 95/15,


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