Intraday Market Thoughts

US Confidence at 31-month Lows, 6 for 10 Hitting Targets

by Ashraf Laidi
Oct 25, 2011 17:46

A few days after Germanys Oct Ifo business sentiment index hit a 16-month low, its forward-looking expectations index dropped to 27-month lows, and both German and Eurozone manufacturing PMIs hit their worst in 25 and 27 months respectively, US consumer confidence dips to a 31 month low at 39.8. The Conference Boards index is now below its 3 month moving average for seven months, the longest period since 2007-2008 recession. LATEST PREMIUM trades hit all targets in 7 out of 10 trades, with ES 4 pts short from hitting all targets, EURGBP in progress, one EURUSD trade unfilled the other stopped out. For DIRECT ACCESS, click here: NONsubcribers can join here:

Ashraf Laidi


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