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Forex Commentaries and Forecasts
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The recession is fact for the world biggest economy
Wed, Apr 16 2008, 15:36 GMT
by Peter Mill
Forex Trading Signals and Daily Strategy
Live Forex, Stock, CFD, Gold and Crude Oil signals by World-Signals.com.The dollar again is at new record low level against the euro. The attacks against the dollar start during the European session today. It is close to see levels above 1.60 said George Marshal forex analyzer in World-Signals.com. The traders speculate against the poor situation of U.S. economy today. The attacks against the dollar started earlier today due too the concerns for the economic results for U.S. Housing Starts and Building Permits. The new housing starts rise by the prior month slowly but the fact is the end of the winter and much more project houses start to build. The key future indicator Building Permits set new poor result. The recession is fact for the world biggest economy. This time recession with inflation add Mr. Marshal. The dollar set the new record at 1.5968 and is very close to break above 1.60. The Oil prices continue to jump day after day as by this way the dollar continue to lose. We can see levels as far as 1.65/1.67 if ECB and Fed not take together actions against the losing dollar.
Published on Wed, Apr 16 2008, 15:37 GMT
Archive
- U.S. economy is in recession
Published On Tue, Jul 1 2008, 05:45 GMT - The Crude Oil breaks above $140 today
Published On Thu, Jun 26 2008, 20:13 GMT - World-Signals.com Forex analyses for the coming business week
Published On Sun, Jun 22 2008, 17:57 GMT - Housing report fears hold the dollar gains
Published On Tue, Jun 17 2008, 05:38 GMT - The dollar rose in expectation of positive Retail Sales today
Published On Thu, Jun 12 2008, 08:20 GMT
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