Archived IMT (2009.12.22)
US Q3 GDP revised down to 2.2% from 2.8% (initial estimate was at 3.5%) partly due to slower inventory accumulation, while the UK remains in recession after Q3 GDP was revised to -0.2% (vs. the expected -0.1%). Overnight, GBPUSD broke below its 200-day MA of $1.6 as the resistance continues to decline, formerly at $1.6270, now at $1.6090. More recent data will be Wednesdays release of US November personal spending (exp 1.6% from 0.2%), which has the potential of intensifying the dollar rally especially as liquidity thins out further. Cable lowers downside target to 1.5930. USDJPY target of 92.25 and 92.60 still intact.
Housing Higher, Dollar Bets Shrink
by Adam Button | Jan 21, 2020 11:38
5 Near-Term Themes
by Adam Button | Jan 17, 2020 18:02
Ashraf in Dubai Jan 22-24
by Ashraf Laidi | Jan 17, 2020 14:20
Fear Crushed by Retail Sales & Round 1
by Adam Button | Jan 16, 2020 18:31
Sell the Fact or Sell the Economy?
by Adam Button | Jan 15, 2020 12:42