Intraday Market Thoughts
Archived IMT (2008.11.20)
by
Nov 20, 2008 14:31
The unexpectedly strong 27K increase in US jobless claims to a fresh 16-year high of 542K from a revised 515K and a fresh 8-year high in the 4-week moving average drove US equity futures to their lowest session of the day, while further lifting risk aversion in favor of the USD and JPY. Consequently, US 2-year yields fall below the 1.00% fed funds rate at 0.9869%, reflecting the continued rally in fixed income securities relative to battered stocks. A surprise 100-bp cut from the Swiss National Bank in its 3-month LIBOR target to 1.00%, making its second reduction of the month after its scheduled cut 2 weeks ago.
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