Archived IMT (2009.01.16)

by Ashraf Laidi

Jan 16, 2009 9:24

Markets improved in late NY trade helping Asian equities on reports of a $20 bln in gov cash to Bank of America in order to help the buy out of Merrill Lynch. In the UK, the short-selling ban will be removed today, but markets will be busy dissecting the US figures on inflation, TICS, indus production, and consumer sentiment. EURUSD managed to hold above key trend line support vs USD and GBP. EURUSD eyes 1.3380.

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@MohamadMajzou18 @Ad_Sabri Collateral is the problem. Powell alluded to it a few weeks ago (yesterday)
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