Archived IMT (2010.07.15)
MIXED US DATA as US June PPI falls 0.5% vs. exp 0.1% decline, Empire State index WORSENS to 5 from 19.6 with broad declines in New Orders and Employment Index. The good news is the 21K decrease in jobless claims to 429K. WATCH US JUNE INDUSTRIAL PRODUCTION (13:15 GMT) which could show the first monthly decline in 12 months after a 1.3% rise in May. July Philly Fed (14:00 GMT) is expected at 10.0 from 8.0 and 21.4 in June and May respectively. Watch the employment and prices paid indices for an indication of the internals and impact on overall sentiment. EURUSD extends run-up above $1.28, eyeing $1.2880 as EUR overtakes GBP visa rising EURGBP. 0.84 remains a key support, while GBPUSD is likely to probe $1.5380 a breach of which to make $1.5450 the next focal point. USDJPY awaits Indus production for a retreat to 87.20.
Kushner a Tell?
by Adam Button | Dec 5, 2019 11:11
GBP Breaks out, USD Hurt
by Adam Button | Dec 4, 2019 14:38
Time for the Pre-Santa Selloff
by Adam Button | Dec 3, 2019 12:55
USD Pauses, Key Levels Pre ISM
by Ashraf Laidi | Dec 2, 2019 13:51
Tories in Command, Turn to China
by Adam Button | Nov 28, 2019 12:51