Intraday Market Thoughts

Archived IMT (2009.02.16)

by Ashraf Laidi
Feb 16, 2009 15:23

Tuesday's UK CPI release marks the start of a busy UK econ schedule as inflation couldve fallen to as low as 2.7% y/y in Jan from 1.1%, while the core rate is seen as low as 1.0% from 1.1%, which would be in line with the latest inflation reports outlook for rising disinflationary risks. Friday's Jan retail sales figures are the other major figure of the week. $1.4640 remains a key intermed resistance, while negative bias is expected to persist towards $1.4070. Today's Hot-Chart updated for AUDCAD.


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