Archived IMT (2008.11.17)
NY Fed's manufacturing index hit a new low of -25.4 from -24.6, but better than expectations. The components were equally dismal, with the new orders and employment indices also dipping to new lows. Industrial production rose 1.3% in October following a revised 3.7% in September, which was exaggerated by the hurricanes and Boeing strikes. STERLING PAIRS ARE THE BIG WNNERS, beating even their yen counterparts as orders rushed in to snap up the currency pound following sharp gaps down in early Monday Asia/Pacific trade. Confirmation of a Japanese recession limited forex risk-seeking trades from a yen stand-point. GBPUSD is seen extending gains towards an interim pressure point of $1.5060, with major trend line resistance standing at $1.5150. Support climbs towards $1.4950 and $1.4970.
Latest IMTs
-
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
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17
-
Typical Errors on Gold, Silver, USD
by Ashraf Laidi | Apr 1, 2024 16:14