Intraday Market Thoughts

Archived IMT (2009.07.22)

by Ashraf Laidi
Jul 22, 2009 13:52

Looking for further broadening in JPY gains, as USDJPY reveals 93.10 low, supporting the case for 92.70, but more downside seen in NZDJPY and AUDJPY. Despite stronger than exp Canadian retail sales, USDCAD een supported at 1.0980 due to struggling equities. An oil break below 64 to help call 1.1080s, but resistance remains at 1.1130s. But shorting AUDCAD remains viable startegy as Aussie loses ground on risk aversion, looking for 0.8910. Dow futures -64.


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