Intraday Market Thoughts
Archived IMT (2009.12.01)
by
Dec 1, 2009 15:14
Net-Net, the trifecta of the US data releases was on the positive side as US Nov manufacturing ISM fell to 53.6 from 55.7, employment index fell to 50.3 from 53.1, while new orders rose to 60.3 from 58.5. Oct pending home sales +3.7% after +6% in prior 2 months. US stocks still hold in +0.9% territory, while oil stands above $78 but initial pressure seen at $78.60s remains the next barrier before the key $79.50 trend line emerges. AUDJPY still unable to break above 80.30, but a close below 79.65 trend line support could call up fresh losses towards 79.10. EURUSD capped at $1.5090.
Latest IMTs
-
Deflationary Bitcoin صلابة بيتكوين
by Ashraf Laidi | Apr 24, 2024 11:20
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07
-
English Translation to Arabic Interview
by Ashraf Laidi | Apr 7, 2024 21:01
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17