Intraday Market Thoughts
Archived IMT (2008.11.14)
by
Nov 14, 2008 13:41
US Retail sales fell 2.8% in October vs expectations of -2.1% following a revised 1.3% decline, while sales excluding autos fell 2.2% vs expectations of a 1.9% decline. Stock futures curtail some of their earlier losses, while USD remains under broad pressure. EURUSD seen confined in its symetrical wedge, with upside capped at $1.27 trend line and support resting on $1.2570. GBPUSD faces resistance at previous support of $1.4780, while USDJPY resistance standing at 96.80, with downside potentially extending towards 95.70 trend line support.
Latest IMTs
-
Yen Tracking Yield Spreads again?
by Ashraf Laidi | May 30, 2023 17:08
-
Charts' Year to Date Performance
by Ashraf Laidi | May 29, 2023 16:23
-
What's a Cycle Completing Trade?
by Ashraf Laidi | May 19, 2023 18:50
-
الذهب: نهاية أو استراحة؟
by Ashraf Laidi | May 17, 2023 14:14
-
First Republic, Debt Ceiling, CDS & Bitcoin
by Ashraf Laidi | Apr 26, 2023 14:42