Intraday Market Thoughts

Archived IMT (2009.07.30)

by Ashraf Laidi
Jul 30, 2009 13:02

NZD rebounds vs USD and JPY as do other risk currencies after stabilization in Asia and Europe. Dow futures +56 pts. Markets awaiting US jobless claims expected to edge up towards 580K from 554K. Oil paring a third of yesterdays $4 plunge, facing pressure at $65. Canadian June industrial product price (also 12:30 GMT) expected -0.1% from -1.1% and raw. 1.0830 proved an effective resistance in USDCAD, risking to retest 1.0790. AUDUSD eyes pressure at 0.8280. Insights on the 7-year auction to follow. For more frequent TRADES & UPDATES see alaidi


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