Intraday Market Thoughts

Archived IMT (2009.03.23)

by Ashraf Laidi
Mar 23, 2009 11:34

Currency traders are handed their cake and could also eat it as the clear catalysts to improved risk appetite (Geithner's expanded stimulus plan and 9% injection in Daimler) are providing a text-book case of USD and JPY selling vs AUD, NZD, NOK and EUR. Aussie hits 70 cents and EURUSD regains $1.37 (but fails to breach the key $1.3740 resistance). Expect renewed run-up towardsd $1.3740, followed by 1.3810.


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