Intraday Market Thoughts
Archived IMT (2009.05.12)
by
May 12, 2009 21:14
Risky currencies made a late session bounce as stocks pared earlier losses but ended up mixed, with Dow edging higher negligibly, and S&P500 and NASDAQ -off less than 1.0%. Financial stocks (XLF) fell for the second straight day after failing to break above their 200-day MA last week. Markets turn to tomorrow's US April retail sales report on whether the rate of decline has indeed become smaller. Any improved optimism may give EURUSD fresh chance to retest the elusive $1.3740 and AUSUSD above $0.7710. Cable not yet out of the woods but today's close above $1.5230 signals a possible attempt to regain $1.5380.
Latest IMTs
-
Charts' Year to Date Performance
by Ashraf Laidi | May 29, 2023 16:23
-
What's a Cycle Completing Trade?
by Ashraf Laidi | May 19, 2023 18:50
-
الذهب: نهاية أو استراحة؟
by Ashraf Laidi | May 17, 2023 14:14
-
First Republic, Debt Ceiling, CDS & Bitcoin
by Ashraf Laidi | Apr 26, 2023 14:42
-
Revisions Slowing the Slowdown
by Ashraf Laidi | Apr 7, 2023 15:52