Intraday Market Thoughts

10 New Intermarket Trades for a Nervous Friday

by Ashraf Laidi
Aug 12, 2011 4:55

Our Friday Premium trades include 10 new intermarket plays with GBPUSD finally added to the mix. Trades on EURUSD (2 trades), EURGBP, GBPJPY, S&P 500, Dow-30, Gold, Silver & US Crude are joined by 3 intermarket charts. On the US calendar, July retail sales are expected to have improved to +0.5% from +0.1%, but sales ex autos (and gasoline) are seen remaining once again rising +0.2%. Would the preliminary Univ of Michigan consumer sentiment disappoint and drop below 62.5 from prev 63.7? Awaiting market further reaction to thd short selling bans in Europe. Click here to go straight to our 3 intermarket charts & 10 trades Non-members can join here:


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