Intraday Market Thoughts

Archived IMT (2009.11.23)

by Ashraf Laidi
Nov 23, 2009 0:55

A Thanksgiving-shortened week in the US will not prevent it from being a busy calendar week (US Exist/New home sales, Pers. pending, Q3 revised GDP, German Q3 GDP, German IFO, Canadian retail sales). CAN Sep retail sales 13:30 GMT expected to slow to 0.6% from 0.8% and core sales (ex autos) exp at 0.4% from 0.5%. USDCAD faces interim TL resistance at 1.0750, followed by 1.0795 (from Aug 17 high) with support starting at 1.0595. CATCH ASHRAF OM BLOOMBERG TV Monday 10:15 GMT (5:15 EDT)


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