Perhaps the action of the last two days has been enough for Asia. We may get the usual lunchtime comments from Tokyo but we are likely to see liitle until Europe I feel…..
7 Responses to “Market settles into a lull…”
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AUTOREFRESH 
I am almost 100% confident that the US retail sales will be a washout — how can sales be up with all this increased unemployment — car sales were down last week and I believe (someone please correct me if I am wrong) that US same store sales were bad and retailers reported some bad data as well…………….???
Here’s the redbook sales data for July Loouise http://imarketnews.com/node/17420
Should be interesting then — I some lots of cross-currents…………especially since this data was pre-US NFP………should make for some good volatility in a few hours
Loouise– I would tend to agree with you, on historical (past month) precedent. It seems as though any data release from the US is bound to be poor. By the way; do you ever sleep!? Hahaha I swear I see comments from you peppered all over this site at all hours.
Hello David- What is your thought on the German GDP that’s going to be released in a few hours?
Orchid, They are likely to be positive for Eur and that may fit in with dollar-negative numbers later; the market has been short Eur the last few day so we could see a bit of reversal; I am looking for some buying back of euro crosses except maybe eur/gbp where I think there may be sellers lurking
Thanks David.