Intraday Market Thoughts

Archived IMT (2010.02.09)

by Ashraf Laidi
Feb 9, 2010 19:54

KEY CHINESE DATA Due tomorrow (tonight GMT) (retail sales, new loans & fixed investment), will be examined from a monetary policy lens, pushing traders to bet on further PBOC tightening in the event of strong figures, especially on the loans front. But any signs of cooling loans could show the latest administrative measures on restricting loans are working . Watch the HANG SENG INDEX (which attempts to regain its 200-day MA at 20200). WATCH the BoE Inflation report and Gov King's subsequent testimony; FX traders will be reminded of the CONSISTENTLY GBP-NEGATIVE reactions in GBP to each and every appearance/speech by Governor Mervyn King since August. LATEST HOTCHART NOW UPDATED http://bit.ly/9oQWra

 
 

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