Intraday Market Thoughts

Archived IMT (2009.07.14)

by Ashraf Laidi
Jul 14, 2009 12:51

Markets await Goldman's Q2 earnings (12:30 GMT) exp at $3.48/share from $4.58/share a year ago. High end of expectations stands around $4.58 /share, but Meredith Whitneys bullish forecast is at $4.65. Also due 12:30 GMT, US June retail sales and June PPI , with sales exp +0.4% and ex autos exp +0.5%). PPI seen +0.9% from +0.2%, with core seen +0.1% from -0.1%. JPY sold off across the board as financials lead sentiment. USDJPY capped at 93.60s, USDCAD breaks below 6-week trend line support of 1.1460, coming up to 55-day MA of 1.1444.


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