Intraday Market Thoughts

Archived IMT (2010.10.05)

by Ashraf Laidi
Oct 5, 2010 14:21

OVERALL USD DAMAGE... RUMOURS OF US SERVICES ISM COMING AT 55.8... MARKET EXPECTS 52 from 51.5 (ISM due at 14:00 GMT) . if the ISM truly comes in above 53 and the Employment index regains 55, then we should see prolonged gains in sentiment to the BENEFIT OF THE GOLD, OIL, CAD and EUR. hence USDCAD coudl retest 1.0120, EURUSD could regain 200-WEEK MA of $1.3890 as USD INDEX NEARS THE IMPORTANT 77.00 TRENDLINE SUPPORT (now at 77.95)


Latest IMTs