Intraday Market Thoughts

Archived IMT (2009.04.06)

by Ashraf Laidi
Apr 6, 2009 13:50

USDJPY fails to break above the key 101.60 resistance as US stock futures are down across the board. USDCAD dod break below the 1.2270 support but has now rebounded over a full cent towards $1.2400. More gains ahead seen past 1.2430. Readers can check out the latest speculative flows the Chicago Mercantile Exchanges International Monetary Market at the FUTURES/ CHARTS SECTION of the website. Speculators (non-commercial interest) in were net short yen against the dollar for the third straight week, which is the longest yen-selling streak since September at with 9,463 contracts. Last week, euro long interest versus the dollar has turned net positive at 2,265 contracts, the first net positive balance since July.


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