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Archived IMT (2009.08.05)

by Ashraf Laidi
Aug 5, 2009 14:43

Markets await US July Services ISM expected at 48 from Junes 47. Watch the employment component, which rose over the last 2 months to 39 and 43.4. June factory orders (also due at 14:00 GMT) seen -0.8% after two consecutive monthly gains. CAD WEAKNESS remains after those remarks from Canadian Finance Minsiter Flaherty. USDCAD is supported at the 1.07 trend line support, looking to garner fresh gains towards the key resistance of 1.0780. Similarly, CADJPY has shown more signs of failing at 89.30, paving the way for 88.10.

 
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