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Archived IMT (2009.11.02)

by Ashraf Laidi
Nov 2, 2009 13:49

WATCH ASHRAF's INTERVIEW on CNBC earlier today discussing whether the USD can be talked up.

http://bit.ly/N0KxH

Todays reports on Oct manufacturing ISM and pending new home sales have to reveal convincing gains for markets to shake off the lingering fear (VIX at 4-month high, S&P below 55-day MA and 80mth trend line support, Brazil & Indian equity indices showing their worst 2-week declines of the year). Manuf ISM expected at 53.0 from 52.6, pending home sales expected at -0.5% from +6.4%). GBPUSD vulnerable to testing $1.6270 in event of US data disappointment. USDCAD eyes 1.0870, supported at 1.0740.

 
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