Intraday Market Thoughts

Archived IMT (2008.09.18)

by Ashraf Laidi
Sep 18, 2008 9:58

More cash injections in early late Asian Thursday trade from the Fed, BoJ, BoE, BoC. After injecting a total of $150 bln, Fed adds $180 bln. Asian markets ended higher, JPY is off its highs and AUD pushes back higher. Lower highs in USDJPY remains the pattern and the pair is already faling off its 105.60 high back down to 104.80. 104.20 seen resurfacing so is 1.0960 in USDCHF. US equity futures are up.


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