Intraday Market Thoughts

Archived IMT (2009.02.10)

by Ashraf Laidi
Feb 10, 2009 15:17

EUR outperforms GBP, USD and CAD as indicated in previous Intraday Market Thought and today's Hot-Chart. Although EURUSD again dissipates at $1.3030s, further run-up seen looming. GBPNOK drops 300 points today in line with yesterday's HOT-CHART, eyeing the 9.6 target. CADCHF also drops (as all CAD pairs) after Bank of Canada Governor Carney hints at quantitative easing. GOLD quietly gaining past $905 on its way to retesting $940. Remain cautious from potential burst in risk appetite (rise in stocks) in event of weclome reception to Geithner and Bernanke's speeches.


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