Intraday Market Thoughts
Archived IMT (2010.06.04)
Jun 4, 2010 13:51
CENSUS FAILS CONSENSUS US May PAYROLLS rose 431K, unemp rate at 9.7%, but with as many as 411K census workers being hired, this is a disappointing figure since census workers are temporary, which leaves out less than 25K workers hired. EURUSD eyes 1.1970, with any rebound seen capped at $1.2120. RUMOURS OF derivatives losses at Societe Generale. CADJPY fails to break above 89 trend line resistance from May 4 high, now eyeing 86.80. AUDUSD eyes prelim target of 0.8280. EURCHF CRASHES to new all time low of 1.3862 before rebounding to 1.3923, now eyeing 1.3770.
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