Intraday Market Thoughts

Archived IMT (2009.02.12)

by Ashraf Laidi
Feb 12, 2009 11:19

JPY rises across the board on a combination of US bond coupon redemptions by Japanese investors and a broad decline in European equities. USD follows behind, dragging EUR and GBP, but EUR gets the best of GBP as the EURGBP triggers a bullish moving average crossover (see more on EURGBP today's Hot-Chart). US retail sales due at 13:30 GMT seen down for 7th straight decline -0.4% from -2.7%, while jobless claims seen largely remaining above the 600K mark. Gold remains above $940 while oil drops to Jan 20 low below $36 per barrel. Today's Hot-Chart coming up next in the Hot-Chart section.


Latest IMTs