Intraday Market Thoughts

Archived IMT (2010.03.02)

by Ashraf Laidi
Mar 2, 2010 23:03

Influential banking analyst RICHARD BOVE Bove CUTS his GOLDMAN SACHS' 2010 EARNINGS VIEW to $18.04/s from $18.75/s based on disappointing trading activity. Watch equity futures after these news. AUDUSD awaits Q4 GDP figures at 00:30 GMT, expected to accelerate to 0.6% q/q from 0.2% q/q (2.0% y/y from 0.5% y/y) but will it be enough to lift AUDUSD back above 0.9070 (100-day MA)? We may reach towards those levels but is a close above it possible? Refer to previous IMT for more detail. SEE JOHN AUTHERS Video report on stocks-forex correlations mentioning Ashraf's take on $USD & LIBOR rates


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