Intraday Market Thoughts
Archived IMT (2009.11.03)
by
Nov 3, 2009 17:16
Warren Buffetts Berkshire Hathaway provided a temporary reprieve to US stocks after news of its acquisition of railroad Burlington Northern Santa Fe, but the divergence between the DJIA and the DJ Transportation index highlights the Dow Theory that stipulates both the averages must support each other for the move to bear significance. Gold shrugs USD and silver by hitting a record high of $1,080 on news of gold buys from Indias central bank. While much talk emerges on tomorrows FOMC decision, be aware of the Oct ADP report on private payrolls, expected at -190K from -254K and Nov services ISM exp 51.5 from 50.9. As we argued in todays article, expect EURUSD to break below $1.46 this week.
Latest IMTs
-
تداول ناسداك وداوجونز مع عائد السندات
by Ashraf Laidi | May 2, 2024 12:03
-
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