Archived IMT (2010.08.13)
US RETAIL JUL SALES +0.4% as gains were concentrated in Autos and rising gasoline prices, but when exluding autos/gas/building materials, we get a 0.1% decline, which is the first since April. Equities will likely hover in and out of positive territory until the preliminary (14:55 GMT) release of Univ of Michigan consumer sentiment exp 70 from 66.5. EURUSD faces STerm resistance at 1.2830s, while AUDUSD capped at 0.9010, while EURJPY sees little upside above 110.30s. The PREFERRED SCENARIO for EUR in todays trading would be a robust consumer sentiment reading (above 71-72), which will likely improved risk appetite and especially EUR on the back of those Ezone GDP figures. Nonetheless, the technical break in this weeks equity indices has been significant that the bulls are unlikely to put up a fight. The bearish signal on S&P500 would be confirmed on a weekly close below the 55-week MA of 1,093. (Due to server issues, NOT ALL IMTS are being emailed)
Latest IMTs
-
Deflationary Bitcoin صلابة بيتكوين
by Ashraf Laidi | Apr 24, 2024 11:20
-
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