Intraday Market Thoughts
Archived IMT (2010.07.23)
by
Jul 23, 2010 9:49
UK Q2 GDP KNOCKS IT OUT OF THE PARK, rising 1.1% q/q vs. expected +0.5%, and +1/6% y/y vs. exp +1.1%. This is the first annual rise in 8 quarters. Services sector rose 0.9% q/q highest since Q1 2007. Although the FTSE-100 is up only 2 pts, there is sufficient risk appetite (from Asia) to boost EURUSD and GBPUSD. Germanys IFO survey also had strong showing, with all 3 indices beating expectations (see data calendar for details). EURUSD, GBPUSD and GBPJPY breaking last nights IMT targets. $EURUSD now looks for $1.3020, GBPUSD looks to extend gains towards $1.5450, while GBPJPY eyes 134.60. USDCAD seen hovering between 1.0350 and 1.040 ahead of CAN CPI later in the day.
Latest IMTs
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07
-
English Translation to Arabic Interview
by Ashraf Laidi | Apr 7, 2024 21:01
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17
-
Typical Errors on Gold, Silver, USD
by Ashraf Laidi | Apr 1, 2024 16:14