Intraday Market Thoughts
Archived IMT (2010.02.01)
by
Feb 1, 2010 14:40
Generally positive US data on consumption and income lifts US equities and commodities, slowing down the rally in the US dollar index from its 79.53 high. The USDX had risen for 5 straight sessions and could well make one of its typical Monday pullbacks that usually emerge after strong Thurs and Fri sessions. US Dec ISM due at 15:00 GMT exp 55.2 from 54.9. Watch the individual components of the survey; employment (prev 50.2), new orders (prev 64.8) and prices indices (61.5). Strong figures could weigh modestly on USD but resistance levels remain holding at 1.5970 & 1.6030 in cable. USDCAD support at 1.0623. Gold rebound to remain limited at last weeks successful resistance of 1115. Interim resistance stands at 1097.
Latest IMTs
-
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
-
Typical Errors on Gold, Silver, USD
by Ashraf Laidi | Apr 1, 2024 16:14