Intraday Market Thoughts

Intermarket Implications of Philly Fed Plunge, New Trades

by Ashraf Laidi
Aug 18, 2011 18:42

The 33-point drop in the August Philly Fed business survey is the single biggest point drop since 1968. The last time we had monthly declines of such magnitude was in October 2008 and January 2001, each predicting contractions in the ISM surveys and more importantly, protracted declines in equity indices over the ensuing 6-9 months. Today's Premium trades unveil 3 important charts on EURUSD, EURJPY and Philly Fed intermarket patterns. New trades also on GBPUSD, EURGBP, GBPJPY, silver and US crude. Premium Subscribers click here: NON-Premium click here:

Ashraf LaIdi


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