Intraday Market Thoughts

Implications of Negative Philly & Latest Premium Insights

by Ashraf Laidi
May 17, 2012 21:18

Markets worsened in late session, with S&P500 futures at 1302 as the May Philadelphia Fed index on business outlook fell to -5.8 from April's 8.5, its worst and first negative reading since September 2011. The last time the Philly Fed survey ENTERED below zero territory was in August 2011, 1 month before the Fed began its "Operation Twist" the same month when Italian bank woes were eroding global risk appetite. Find out what this means in our latest Premium Intermarket Insights, with new ideas on EURUSD, AUDUSD and a turn in CAD pairs. Premium subscribers get direct access to todays Insights here: Nonsubscribers visit here: :


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