Intraday Market Thoughts
Archived IMT (2010.02.05)
by
Feb 5, 2010 16:01
The 20k decline in Jan payrolls followed a decline of 150K in Dec (originally reported as -85K), which was positive for risk appetite at the expense of the USD and JPY. But markets quickly started losing ground as they wounds from Greece and Portugal are were too deep to heal. Do not forget the patterns of recurring spikes in Eurozone bond spreads (mentioned in this weeks article). EURUSD failed below $1.3750 and looks for prelim targets at 1.3620 and 1.3580. USDCAD fell on strong CAN payrolls but support held at 1.0640s as stocks and oil fell anew. Keep an eye on US 10 yr yields as further declines below 3.60% indicate deterioration in equity mkt confidence, which is usually USD-supportive.
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