Intraday Market Thoughts

Archived IMT (2009.10.27)

by Ashraf Laidi
Oct 27, 2009 14:37

Insult adds to Injury as falling global equities add to selloff after US consumer sentiment index falls back below the 50 level, hitting a 3-month low of 47.7 in Oct from 53.4 in Sep. Markets expected 53.1. The Present Situation component of the Cons Confidence index hit a 26-year low of 20.7. The jobs hard to get rose to 49.6 while the plentiful jobs index fell to 3.4 from 3.6. GBPUSD drops 120 pips after failing to regain the $1.6480 resistance. Interim support at 1.6280, followed by 1.6240. AUDUSD vulnerable to retesting 0.9125, while EURJPY eyes 136.20, 135.70. MORE TRADES on twitter/


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