Econorama for Thursday.
10am GMT Eurozone Industrial Orders expected -32.8%
1:30pm GMT USD GDP expected -5.7%
1.30pm GMT USD Personal Consumption execpted +1.5%
1:30pm GMT USD Jobless claims expected 600k
1:30pm GMT USD Continuing Claims 6.714m
Another interesting point from last night.
The market depth was actually extremely bullish, NYSE was 4:1 to advancers, and NASDAQ was 9:1 to advancers. Dow's weakness was due to Boeing.
It's odd how the USD ran after a rather dovish Fed Statement, which coincides with the market selloff. I wasn't up to watch which one ticked a nanosecond first, although I suspect that it was once again the currencies which led the trade.
I'm going to go with my gut that tonight is will be the end of this spate of selling, (if it hasn't ended yet) probably not doing much between now and 30th June, and then we'll see.
bluesdog thursday, page-5
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