Intraday Market Thoughts
Archived IMT (2008.10.31)
by
Oct 31, 2008 14:02
US equities seen extending selling on further evidence of softening US inflation and bleak consumer/manufacturing data. Sep personal spending fell 0.3% while Oct Chicago PMI hit a 7-year low of 38. Next week's employment payrolls could show a decline of as much as 250K and the unemployment rate may jump to 6.5% fro, 6.1%. EURUSD attempts recovering towards $1.2780, facing Interim resistance at $1.2830. Downside seen providing foundation at $1.2670. GBPUSDs brief recovery to $1.6230 in last 4 hours is seen tapering off for fresh selling towards $1.61, followed by $1.6030. Fed Chairman Bernanke to speak at 2 pm on "Mortgage Finance".
Latest IMTs
-
محتوى بوصلة السوق من العائد الى الذهب و الناسداك
by Ashraf Laidi | Mar 20, 2024 12:42
-
BTC Needs Powell Correction بيتكوين بحاجة الى تصحيح
by Ashraf Laidi | Mar 18, 2024 17:20
-
Not once, twice, but six ستة مرات ليس صدفة
by Ashraf Laidi | Mar 13, 2024 10:07
-
Finding 88K Bitcoin كيفية الوصول الى
by Ashraf Laidi | Mar 4, 2024 12:21
-
شراء بيتكوين وصل الى عشر أضعاف الإنتاج
by Ashraf Laidi | Feb 29, 2024 9:17