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Consumer confidence 50.4 in July from revised 54.3 in June

By   || July 27, 2010 at 14:00 GMT
|| 12 comments || Add comment

Richmond Fed dipped in July to 16 from 23 in June.

Not a lot of good news here…

Oooh, here’s some: The State Street global investor confidence index rose to 96.0 in July from 91.2 in June. State Street measures the mood of institutional investors around the globe…Risk on!

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Category: All, Americas, Economy, Regions
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12 Responses to “Consumer confidence 50.4 in July from revised 54.3 in June”

  1. mak on July 27th, 2010 14:21 GMT

    Thanks to Jamie and Gerry ,

    The information is timely accurate and valuable

    1: 1.2900 Eur/USD long position was liquidated at 1.3003;
    2: 0.8865 Aussie long position has just liquidated at 0.9030,

    book handsome profit.

    Without Jamie and Gerry’s hardwork, I would be fumble .
    It seems that EUR has formed a local top from today’s demand
    and supply micro structure

  2. Tibor on July 27th, 2010 14:24 GMT

    Hi mak, What do you think? Will eur/usd going back above 1.3030?

  3. mak on July 27th, 2010 14:29 GMT

    Dear Tibor again,

    Since the break out of 1.3030 was not sustainable, today’s chance will be small. According to the gravity, the stop-loss hunting exercise is going on, i.e., the 1.2865 option at least.

    Stay on the side line

  4. Tibor on July 27th, 2010 14:39 GMT

    Ok, thanks. And what do you think about 1.2920?

  5. mak on July 27th, 2010 15:00 GMT

    Hi, Tibor

    Sorry for the late reply as I took a break.
    Range trading condition now. If 1.2960 is broken, 1.2920 will be in sight.
    I would stay out of the market and watch the closing price.

  6. mak on July 27th, 2010 15:03 GMT

    Further, the usd/jpy is discounting the military exercise of Korea and US
    Watch out.

  7. Tibor on July 27th, 2010 15:09 GMT

    Hi mak. Thank you and then I will be on the side line too. What closing price do you watch? Hourly? 4 hours? Actually, I would need a little help about how do you decide your entries, because I have consecutive losses and I would like improve my skills. You are very successful as I read your comments.

  8. mak on July 27th, 2010 15:14 GMT

    Thanks you for your trust.
    GMT 19:00 is significant , the daily closing price for the US session.
    And then pay attention to the pricing behaviour of the first 2 hours
    of Asian session : GMT 00: 00 to 0200, which gives you the clue.

  9. mak on July 27th, 2010 15:16 GMT

    Now the omen of EUR is coming : breaking 1.2960 again.
    Be careful !

  10. Tibor on July 27th, 2010 15:39 GMT

    Thanks. I will watch US session close, but the Asian session is too late for me. And thank you for your help again.

  11. mak on July 27th, 2010 15:44 GMT

    Dear Tibor

    Good night.
    It is time to sleep.
    See you tomorrow.

  12. John B on July 27th, 2010 16:50 GMT

    “Free Markets?” A must read in yesterday’s NYT details US retailer angst over rising container shipping rates. My take-away – conatiner shipping companies have “antitrust immunity” and are cleared to “discuss and fix shipping rates.” In the longer run we consumers will pay more. Never mentioned in the NYT or any other major news provider is “price fixing” by US medical doctors via their key lobbying unit, the AMA. Again, in the long run it is US consumers (patients) who get stuck with outrageously high medical bills.

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