Intraday Market Thoughts

Archived IMT (2009.03.27)

by Ashraf Laidi
Mar 27, 2009 14:36

Stock indices daily technicals could suggest heavier selling to ensue in the latter 2-3 hours of NY trade from current -1.4% to as much as -3.0%. which could see Aussie breach below 67 yen and cable drop back below $1.4270. CAD shows its usual vulnerability during falling stocks/oil, as USDCAD breaks above 1.2420s, eyeing 1.2470s. USD strength to emerge in early Monday Asian trade as stocks make theri share of profit-taking.


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