Archived IMT (2009.08.06)

US Jobless claims fell to 550K from 588K, 4 week average fell to 555.3K from 560K. Dow futures extend gains to +54 pts. GBP stabilizes as risk appetite improves. Canada June building permits +1.0% better than exp -3.5% from June's +17.5% (revised from +15%), capping USDCAD's gains at 1.0740, but support stands at 1.0690. Here are the weekly Charts on $EURJPY, $AUDJPY, $USDJPY. http://twitpic.com/cyurx WATCH OIL CAREFULLY as it tests 72.60 resistance and 73.20 triple top.