http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2009-11-11.html  US Treasury Secretary Timothy Geitner was in Japan talking reporters today, where he stated "I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong Dollar." Meanwhile the question that remains is whether the Bank of Japan intervene if the USD/JPY breaks below 88.00 as they have in the past.  The bank is silent on this subject at the moment.   Which brings us to this week’s truth-tellingWed, 11 Nov 2009 20:58:21 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2009-11-11.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2009-10-01.html  It’s the first Friday of a brand new month, which means new Non-Farm Payroll numbers soon to be announced. This report continues to be interesting barometer of the recession in the US.   Analysts are predicting a decrease in the amount of unemployment this month (the first figure under 200K by some estimates), following a decrease also the prior month. During NFP there is a temporary increase in market volatility, and price can move either in the direction that would seem toThu, 01 Oct 2009 20:33:00 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2009-10-01.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2009-06-23.htmlExisting Home Sales came in today at 4.77 million – less than the 4.82 million analysts had been expecting, but still a slight increase from 4.68 million the prior month. Looking at this report between the lines, we find that by far the majority of these sales came from town houses and condominiums, rather than from single family homes.  Part of the reason for this could be the limited credit available out there, forcing families to settle for something smaller than the home of theirTue, 23 Jun 2009 15:16:06 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2009-06-23.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2009-02-24.html  The US just released a Consumer Confidence reading of 25, the lowest on record (the report has been released since 1967).  This marks a sharp decline from January's reading of 37.4   The Consumer Confidence Index is thought to be a leading indicator of consumer spending, with current attitudes understandably negative in light of rising unemployment, large corporate lay-offs, and the difficulty of finding new jobs.    The one light at the end of the tunnel is that theTue, 24 Feb 2009 15:28:29 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2009-02-24.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-11-21.htmlTimothy F. Geithner has just been tapped by President-Elect Barack Obama to replace Henry Paulson as the next US Treasury Secretary.  This announcement comes right on the heels of his appointment of his former rival, Senator Hillary Clinton, to be the next Secretary of State. Mr. Geithner is the 9th president of the New York Fed and Vice Chairman of the FOMC.  He is a Senior Fellow in the international economics department of the Council on Foreign Relations, and has previouslyFri, 21 Nov 2008 21:24:23 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-11-21.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-10-16.htmlLast week the Dow broke below the key 9924 support level, re-tested it as resistance, and continued its downward slide - currently consolidating into a range between 8487 and 9376. The effects of the market turmoil are reflecting in fundamental economic reports.  US retail sales dropped by 1.2% and the Philly Fed Manufacturing Index came in at -37.5, a decline nearly 4 times greater than analyst estimates.  This confirms an earlier figure from the Empire State Manufacturing Index,Thu, 16 Oct 2008 20:32:31 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-10-16.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-10-02.htmlThe United States Senate today approved the revised and expanded $700 billion dollar bailout bill with a vote of 74 to 25.  Now the bill returns to the House of Representatives for a re-vote on Friday, before heading to President Bush to be signed into law. The bill includes tax breaks for corporations, as well as certain individuals in special situations such as disaster victims and mental health patients.  No doubt it will soon be sold to the public (which previously phoned theThu, 02 Oct 2008 03:55:18 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-10-02.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-09-26.htmlMarkets are bracing for what could well turn out to be THE most dramatic day ever seen.  Yes, perhaps even more so than the fireworks of last week. Several situations are brewing all at once: Washington Mutual has been seized by the FDIC (Federal Deposit Insurance Corporation), and its client accounts are in the process of being taken over by JP Morgan.  Account holders are being assured that they will have access to their funds; however this is – officially – the biggest bankFri, 26 Sep 2008 10:04:34 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-09-26.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-09-19.htmlThe SEC just released a list of 799 financial firms on which they have forbid short-selling, mirroring a similar move made yesterday by the UK's FSA. The complete list can be found here: http://www.sec.gov/rules/other/2008/34-58592.pdf But will such a move really help the markets?  In the short-term, we can see it already has.  People with little understanding of the markets are already rushing back in, thinking that somehow everything is more "safe" as result.  In reality, mostFri, 19 Sep 2008 09:58:46 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-09-19.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-09-12.htmlRetail sales dropped by 0.3%, the second straight month of declines in a row, confirming that the consumer is feeling the pinch of the tighter economy.  Excluding autos, the drop was closer to 0.7% This comes against news of Lehman Brothers being put up for sale (with Bank of America and HSBC among the list of potentially interested parties), and further sights of trouble at Washington Mutual - so soon on the heels of the bailout of Freddie Mac and Fannie Mae. The combination put a stop toFri, 12 Sep 2008 16:58:09 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-09-12.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-09-04.htmlSeveral negative reports out of the US today triggered another sell-off in the GBP/JPY pair.  Unemployment claims rose by 15,000 to 444,000, and the ADP non-farm employment change fell by 33,000.  Crude oil inventories in the US fell by 1.9 million barrels. This combination of news caused a 344.65 point sell-off in the Dow, pushing it below a key support level at 11363.  The NASDAQ saw a loss of 74.69 points, and the S&P saw a 38.15 point drop, the largest sinceThu, 04 Sep 2008 22:41:34 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-09-04.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-08-28.htmlUS preliminary GDP came in at 3.3% today, for the moment calming fears of a full-blown recession among investors.  Analysts had been projecting a figure of 2.6%, and the prior quarter was also revised up to 1.9%. Adding to the bullish mood on Wall St. today was the drop of 7000 unemployment claims since last month to 425,000; however according to the US Department of Labor any figure above 400K is still considered to indicate a contracting economy. While we've seen some Dollar strengthThu, 28 Aug 2008 13:24:07 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-08-28.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-08-18.htmlNot a whole lot to report today.  Choppy, rangy markets - so be careful out there.  Draw your trendlines, and trade inside of them - until price gives you a break followed by a successful re-test (support becomes resistance, and vice versa). All eyes will be on consumers this week, as many US retailers report their Q2 earnings and overall sales for the first half of 2008.  We will also get Canadian retail sales on Wednesday and UK retail sales on Thursday. Oil is still obeyingMon, 18 Aug 2008 15:10:32 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-08-18.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-08-14.htmlThe consumer price index came in at 0.8% today, rising at the fastest pace in 17 years.  Analysts had been forecasting an increase of 0.4%.  The largest increase came in food and energy, with the core CPI (which excludes those elements) posting an increase of 0.3%, compared to estimates of 0.2% In addition, existing home sales fell by 16%, with the median price dropping by 7.6%, falling to a 10-year low.  Worse still, forecasters are saying there is room for further drops, asThu, 14 Aug 2008 20:00:08 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-08-14.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-08-04.htmlEuropean session has been fairly choppy and rangy thus far, and I expect more of the same going into the US session as well - there is still lots of uncertainty out there in the markets.  HSBC just announced a profit decline of 29% for the first half of 2008, Deutsche Bank had its credit rating lowered after a $3.6 billion write-down, and Fortis saw a drop of nearly 49% for the 2nd quarter. The United States this weekend saw the closure of the 8th bank since the start of theMon, 04 Aug 2008 12:08:30 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-08-04.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-07-17.htmlBoth US and Asian markets had strong rallies yesterday, with the Dow closing up 276.74 points, the Nikkei up 127.15, and Hang Seng up by 511.22  Oil continuing its move down certainly helped these rallies.  It is currently at 134.13, and in pre-market trading futures are currently down by 47 cents. The big question today will be whether the Dow can hold in to its gains, or perhaps even post a higher high - thus far every recent gain has been quickly given back.  Key toThu, 17 Jul 2008 10:37:25 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-07-17.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-07-15.htmlThe Dollar is taking quite a beating today - with more uncertainty over the long-term future of Freddie Mac and Fannie Mae.  Both the Nikkei and the Hang Seng index dropped severely in overnight trading, when it came out how heavily some leading Asian banks had been vested in US mortgages.  The Bank of Japan left their key overnight rate unchanged at 0.50%. The UK consumer price index came in larger than expected (3.8% vs. 3.3% last month, 1.6% vs. 1.5% for the core) - officiallyTue, 15 Jul 2008 12:23:05 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-07-15.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-07-14.htmlOver the weekend, Henry Paulson pledged that the US Treasury will stand behind Freddie Mac and Fannie Mae, citing that "these institutions are simply too big to fail".  I expect US markets to rally at open on this news - currently Dow futures are at +117, +15.70 for the S&P, and +20.50 for NASDAQ. Any rallies are likely to be short-lived, however, as long as oil stays above $140 and continues to test $150.  US bank IndyMac is the latest to crumble in the spreadingMon, 14 Jul 2008 13:55:14 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-07-14.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-07-10.html29,800 new jobs were created Down Under last month, a number nearly three times the amount analysts had been expecting.  25,600 were lost during the previous month.  The overall unemployment rate dropped slightly from 4.3% to 4.2%. The employment news brings some light to an otherwise fairly negative week for the continent, which saw consumer sentiment drop by another 6.7% (it dropped  5.6% the prior month),  and home loans drop by 7.9%, nearly double past month's declineThu, 10 Jul 2008 11:37:11 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-07-10.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-07-03.htmlAccording to Non-Farm Payroll figures published today, 62,000 jobs were lost in the US this month, slightly more than analysts expected.  This would have been a sharp decline from the prior month, except for the fact that several hours after the report's release last month's figures were revised down to -62K as well (reduced by 52K).  This is the 6th straight month of job losses, bringing the 2008 total to a loss of 438,000 jobs. Average hourly earnings remained steady at 0.3%, whichThu, 03 Jul 2008 19:13:05 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-07-03.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-06-26.htmlThe Dollar fell sharply today against most other currencies, mostly in response to oil closing at $139.75 per barrel.  It reached 1.5755 against the Euro, 1.9891 against the British Pound, 106.60 against the Japanese Yen, and1.0228 against the Swiss Franc.  The Dow fell 358 points as well, ending the day at 11,453.42 Yesterday the Federal Reserve announced they were leaving the key interest rate unchanged at 2.00%, citing continued however reduced concern over recession (despite theThu, 26 Jun 2008 20:17:34 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-06-26.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-06-12.htmlRetail sales came in better than expected today, posting an increase of 1.0% - double the figure analysts were expecting, and a 0.6% increase over the prior month.  Core retail sales (which excludes autos) came in at 1.2%, with the prior month being revised up to 1.0%; analysts had been expecting only a slight gain of 0.7%. The positive news caused a momentary Dollar rally, causing the EUR/USD to drop by nearly 40 pips.  The optimism was short-lived, however, and the EUR/USD resumedFri, 13 Jun 2008 01:20:42 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-06-12.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-06-06.htmlIf you are wondering what is driving the recent EUR/USD rally, here are a few fundamental factors to keep in mind: While both the Bank of England and the European Central Bank voted to hold rates steady this week (5.0% for the UK, 4.0% for the EU), the ECB's President Jean-Claude Trichet definitely had some hawkish overtones to his speech yesterday, hinting at growing concern over inflation in the Eurozone and possible future rate hikes, perhaps even as soon as next month. Ben Bernanke,Fri, 06 Jun 2008 16:38:33 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-06-06.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-05-29.htmlBoth the US Dollar and the Dow showed remarkable resilience despite more scary figures out today from the oil sector.  Besides setting a new high above $136 last week, today's inventory numbers showed yet another drop, this time by 8.8 million barrels (the previous month saw a decline of 5.4 million). The GDP price index held steady at 2.6% for the quarter, meanwhile the preliminary GDP for the same period rose to 0.9%, up from 0.6% the prior quarter.  While many signs still point toThu, 29 May 2008 18:59:05 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-05-29.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-05-22.htmlThis week saw a slew of consumer data hitting the markets. In Australia consumer sentiment grew 2.7%, nearly twice as much as expected.  The prior month had seen a decline 1.3%.  Meanwhile credit card spending in New Zealand rose by 8.3% this year (compared with an increase of 3.3% the previous year), mirroring a trend also seen in the United States. Retail sales in Italy dropped by 0.5% this month, and the prior month's numbers were revised down to only a slight gain of 0.2%. Thu, 22 May 2008 22:56:04 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-05-22.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-05-15.htmlThe European Union posted surprisingly strong economic growth this month, lending further credence to the "de-coupling" theory of whether other economies will follow the US into recession, if there is one.  Some may, but it looks as though others may have the resilience to withstand it. The latest figures suggest that the European Central Bank was spot on in it's concern over inflation and its refusal to lower interest rates, even as the US Federal Reserve and the Bank of EnglandThu, 15 May 2008 21:39:19 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-05-15.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-05-08.htmlThe European Union and United Kingdom both saw figures pointing to a slowing in their economies this week.  In the UK we saw a decline in the services purchasing manager’s index, consumer confidence, industrial production, and manufacturing production.  On the EU mainland, the declines were felt primarily in investor confidence, as well as a slight drop both in German factory orders and industrial production, and a widening negative trade balance in France.  Both the Bank ofThu, 08 May 2008 19:40:29 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-05-08.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-05-01.v02.htmlThe ISM Manufacturing Index held steady at 48.6, while the actual manufacturing prices rose slightly from 83.5 to 84.5   The core PCE price index also rose by 0.2% month-over-month, compared with 0.1% the prior month.  GDP is also holding steady at 0.6% for the quarter. Unemployment claims rose to 380,000 – 35,000 more than last month.  Personal income declined from 0.5% to 0.3%, meanwhile personal spending rose from 0.1% to 0.4% (indicating perhaps that Americans areFri, 02 May 2008 01:23:14 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-05-01.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-04-27.htmlLast week in the United States saw an increase in durable good orders and a decrease in unemployment claims, however further signs of trouble in the housing market due to a slump in new home sales and overall home values. The reports due out this week will be key for determining the future direction of the US Dollar against some of the other currencies.  It has made somewhat of a comeback the prior week, but it will need strong numbers in order to maintain it. On Tuesday we have consumerSun, 27 Apr 2008 23:10:42 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-04-27.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-04-03.htmlAnother round of economic reports were released today, none of them really offering much encouragement for the economies of Europe, the UK, or the United States. The trading day started with Services PMI numbers coming out of both Europe and the UK.  The EU experienced a slight drop from 51.7 to 51.6, meanwhile the effect was more severe in the UK, where the drop was from 54.0 to 52.1 (analysts had been expecting a smaller drop to 53.3). What really turned the markets is when EuropeanThu, 03 Apr 2008 13:37:58 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-04-03.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-03-27.htmlLet'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,Thu, 27 Mar 2008 19:50:00 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-03-27.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-03-13.htmlThe markets stand directionless as everyone looks around and asks "what's next?" The retail sales numbers out of the US were a disappointment, coming in at -0.6% m/m (-0.2% core), both numbers a decline from analyst expectations as well as the prior month.  Declines were seen in all sectors, including groceries and for the first time in gas consumption (showing rising oil prices are finally having an effect on consumer spending and driving habits).  Unemployment claims remainedThu, 13 Mar 2008 15:56:46 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-03-13.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-03-04.htmlThe Bank of Canada lowered its overnight target rate by 1/2 of a percentage point to 3.50% What was interesting was not only the drop itself (which was double what was forecast by analysts), but the statement which accompanied it.  Besides citing reports from the prior weeks and an overall economic picture in line with bank expectations, the report also states that "there are clear signs that the US economy is likely to experience a deeper and more prolonged slowdown than had beenTue, 04 Mar 2008 15:33:36 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-03-04.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-02-26.htmlToday was a decisive day for the Euro against the Dollar.  First we had positive news coming out of the Eurozone in the form of the of the German Ifo Business Climate Index, which came in at 104.1 compared with 103.4 the previous month.  The Business Expectations Index was lowered slightly from 99.0 the previous month to 98.2 this month. Then, later in the day, we had a string of negative news out of the US.  First we had the Producer Price Index come in at 1.0% vs. -0.3% lastTue, 26 Feb 2008 18:43:33 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-02-26.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-02-19.htmlThe Consumer Price Index actually came in a bit better than expected today ( -0.2% vs. -0.1% forecast, 0.1% for the Core), suggesting that inflation is on the decline in Canada.  Normally this would have sent the USD/CAD pair down, as less Canadian Dollars would be needed to buy each US Dollar. Instead we saw a brief spike down to 1.0020, which quickly retraced to close the candle back within the established trading range for the day, between the S1 pivot at 1.0034 and the day'sTue, 19 Feb 2008 14:27:11 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-02-19.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-02-12.htmlMarkets got a strong boost today by none other than Warren Buffet.  The Billionaire investor has offered to re-insure over $800 Billion in municipal bonds. How is it that the most the US Congress can muster is $168 Billion? Now the question remains whether he will be able to do what the Fed failed to, even with a 1.25% rate cut inside of 2 weeks.  All eyes are on the US markets... the Dow is slightly up on the news, but still dangerously close to key 12,200 support. Will thisTue, 12 Feb 2008 16:38:07 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-02-12.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-02-06.v02.htmlISM was just leaked early, ahead of its scheduled 10:00 EST release later today. Looks bad for the US economy - our first official recessionary indicator. Now it's for real. And it's in services, America's largest sector. As anticipated, this is going to be a consumer-led recession (the worst sort - like the great depression), as people get squeezed more and more, lose their homes (or home value) and are now beginning to spend less on services (generally affected after homes and more expensiveWed, 06 Feb 2008 14:29:56 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-02-06.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-02-06.htmlThe Non-Farm Payroll came in at -17K last week, far below expectations - posting the first reduction in the amount of new jobs in the US in over 4 years. This was despite the largest Fed intervention since 1984 (not even the crash of 1987 warranted such extreme measures), and the first rate change outside of a regular FOMC meeting since September 17th, 2001, the first trading day following the terrorist attacks. The overall picture for the US economy is still not very good. Several majorWed, 06 Feb 2008 14:28:21 GMThttp://www.fxstreet.com/fundamental/market-view/info@fxknight.com (fxKnight.com)http://www.fxstreet.com/fundamental/market-view/global-news-fundamentals/2008-02-06.html