Intraday Market Thoughts

Rebound or Consolidation? Latest Intermarket Insights

by Ashraf Laidi
Jun 4, 2012 5:53

While it may have been a stroke of luck that our NFP prediction of 70K was close to the 69K outcome, our forecast for such a decline (which surpassed all official predictions in the market) was based on the 2nd chart in todays Intermarket Insight, titled Euro Rebound or Consolidation?, illustrating key lead elements of several US surveys.The first chart illustrates the relationship between NFP & equity indices. US manufacturing attempts to save the day, but the case is far from it in retailing. We issue the latest trading ideas in EURUSD, USDCAD, GBPUSD. AUDUSD and gold. Direct access to todays Intermarket Insights, click here: To subscribe to todays Intermarket Insights, click here:


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