Intraday Market Thoughts

Archived IMT (2009.10.01)

by Ashraf Laidi
Oct 1, 2009 13:03

Markets await the first batch of US data releases; weekly jobless claims (exp 535K, prev 530K) Aug consumer spending (exp +1.1%,prev 0%). July pending home sales, Oct ISM manufacturing and construction spending follow at 14:00 GMT. EURUSD hit a $1.4520 session low after ECBs Trichet reiterated position against excessive FX volatility and says exit strategy should start in 2011. EURUSD daily shows trend line resistance dragged down to $1.4620. JPY strength seen cropping up after brief retreat.


Latest IMTs