日本語
Español
中文
Русский 
- New York 14:18
- London 19:18
- Barcelona 20:18
- Tokyo 04:18
- Sydney 06:18
Global News and Fundamentals
0
0
Dollar Rally Ends With More Disappointing News Out of the US
Thu, Mar 27 2008, 19:50 GMT
by Andrei Pehar
Let's start with the good news. Unemployment claims in
the US
dropped from 375K down to 366K. GDP growth remained constant at 0.6%, and the Deflator (a GDP-based inflationary measure) shrank from 2.7% to
2.4%
However looking back at the week, we also saw core Durable Goods orders drop
from -1.0% to-2.6%. New Home Sales also fell from 601K to 590K and the
national Home Price Index dropped by 10.7% for the year. Existing home
sales rose slightly from 4.89M up to 5.03M, likely influenced by the lower
prices and speculative rather than residential buying.
But the big news story this week was US Consumer Confidence, which came in at
64.5 - signaling the biggest decline since the 1973 oil embargo. Oil over
$100 per barrel, OPEC threatening to reduce production, and ongoing conflicts
in the Middle East are not helping the situation.
Fears that the US
will slip into recession are growing, and the Dollar - after a brief rally before
Easter - has resumed its decline. The European Central Bank and the Bank
of Japan have held meetings regarding ways to "protect" the Euro from
going beyond 1.60 and the Yen from dropping below 95.00, however it is yet
unclear as to what form this intervention may take.
Economic reports coming out of both Europe and the UK suggest that - so far - those
economies are remaining resilient. Asian markets, however, seem to be
reflecting the Dow's movements on concerns that the economies are still very much
dependent upon one another.
Published on Fri, Mar 28 2008, 13:30 GMT
Archive
- The Yen vs. the Dollar - Double Entendre?
Published On Wed, Nov 11 2009, 20:58 GMT - Non-Farm Payrolls and the GBP/USD
Published On Thu, Oct 1 2009, 20:33 GMT - US Housing and EU Manufacturing
Published On Tue, Jun 23 2009, 15:16 GMT - US Posts Lowest Consumer Confidence on Record
Published On Tue, Feb 24 2009, 15:28 GMT - Obama Names Next Treasury Secretary
Published On Fri, Nov 21 2008, 21:24 GMT
BK Trading
http://www.fx-knight.com | info@fxknight.com
Legal disclaimer and risk disclosure
Black Knight Currency Trading shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided on this website. The contents of any report provided should not be construed as express or implied investment advice, as a guarantee or implication that clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments, such as foreign exchange trading and investment in derivatives, can be very speculative and may result in profits, as well as losses, especially if the conditions mentioned in the analysis do not occur as anticipated. Black Knight Currency Trading will not be held legally or morally responsible for trading decisions made by investors on their own trading account. We will not be responsible to compensate for any lawsuit on loss, expenses, costs, and/or damages resulting from trading in the international markets. All trading deals that an investor makes on his/her own trading account are the responsibility of the investor him/herself. The investor guarantees his/her ability to handle any financial losses resulting from trading in the international markets.Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.