Archived IMT (2010.10.08)
THURSDAYs MARKET MOVES were mostly in consolidation zone ahead of the Big Day aka US jobs report, leading markets to retreat from the recent extreme weakness in USD, and strength in equities/fixed income/commodities. Just as we have always seen markets consolidate ahead of FOMC decisions, the same occurs ahead of Non Farm Payrolls, especially after markets had pushed to extremes. But overall levels continue to hold, OIL remains well above the 200-week MA of $78, USDCAD below 1.02 and EURUSD supported comfortably above the $1.38 trendline. Moodys said it is reviewing China for a possible credit rating upgrade, which helped Asian markets at the expense of the USD. Having said, however, Gold finally posed its biggest daily decline since late July. Stay tuned for the key CANADA and US JOBS report, see calendar here http://www.ashraflaidi.com/economic-calendar/ I am in Stockholm for 4 day expo, so updates will be more frequent than usual, but do follow me on TWITTER for faster, easier access to my INTRADAY INSIGHTS http://twitter.com/alaidi as this promises to be a highly volatile day. *** REGISTER FOR MY SEMINARS IN MADRID *** (Oct 14) & BARCELONA (Oct 19) http://bit.ly/dvoXWR
Latest IMTs
-
Forecaster App التطبيق الذي كنت تنتظره
by Ashraf Laidi | Jun 18, 2025 10:55
-
Updating GoldBugs تحديث مناجم الذهب
by Ashraf Laidi | Jun 16, 2025 13:58
-
Breaking Debt Ceiling & Forex Brokers
by Ashraf Laidi | Jun 6, 2025 17:33
-
Recession Metric & Tariff Marsh
by Ashraf Laidi | May 26, 2025 13:47
-
Bitcoin Maths رياضيات بيتكوين
by Ashraf Laidi | May 12, 2025 0:10