- Stock market manged to gain today, on low volume, despite disappointing unemployment claims (although 4 week MA for unemployment claims was down and trade balance came in better than expected)
- Despite the advances in the equities market, the USD and JPY maintained relative strength vs. most currencies for a good part of the day. This may signal some bearish sentiment, which would make sense as the picture in Greece, Spain, Dubai becomes clearer.
- Aussie and CAD showing relative strength vs. USD while EUR and GBP showing relative weakness.
- China economic reading - mainly positive. This may cause the JPY to give back some of its recent gains.
- Morgan Stanley said said Yen intervention risk is "high"
-All eyes will be on the retail numbers coming out at 8:30. Will be interesting to note USDs reaction to the numbers, especially if they surprise on the upside and the USD strengthen.
-Yen will likely decline on good retail numbers
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