Archived IMT (2009.09.23)

Samples of Ashrafs interview earlier on CNBC discussing the Fed, FX and cost-cutting http://tinyurl.com/naodru GBPUSD recovers above $1.64 but 1.6580 emerges as the trend line resistance from the Aug 5 high. Subsequent obstacle stands at the right shoulder of $1.6720-30. OIL FAILS to breach above the 71.80 resistance (mentioned yesterday) before losing more than a full cent. A HIGHER THAN EXPECTED BUILD in US crude inventories (+2.8 mln brls vs expected +1.5 mln) could call up 68.70, which would make a bearish outside day.