Intraday Market Thoughts

Archived IMT (2010.08.12)

by Ashraf Laidi
Aug 12, 2010 1:05

UPCOMING AUSSIE JULY JOBS REPORT (1:30 am GMT) may show further FUNDAMENTAL reason for the ensuing technical damage vs. USD and JPY. JUST LIKE LAST FRIDAY's CANADA JOBS data finally showed an unexpected jobs joss following series of robust employment figures, Australias July jobs figures could show the same kind of reversal after a spectacular +49K rise in employment & a plunge in unemp rate top 5.1%. ====== MARKET EXPECTS employment to slow to 10K & Unemp rate holding at 5.1%. Here is the TUESDAY & WEDNESDAY CHARTS together, with Tuesday warning on BearishStochasticDivergence & Wednesday price breakdown. AUDUSD eyes 0.8830 AUDJPY eyes 75.70 & 74.40


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