| EUR/USD: Trading the U. of Michigan Confidence Survey (Daily FX) Consumer sentiment in the U.S. is expected to improve in September as economists forecast the University of Michigan survey to rise to 67.5 from a revised reading of 65.7 in August, and the release may lead the greenback to retrace the decline from earlier this week as the outlook for future growth improves. us.rd.yahoo.com |
Greenback tumbles on reports of its demise The price of gold is surging on world markets amid fears that the old economic order, based on the supremacy of the US dollar, could be breaking down.A new spike has sent the cost of the precious metal to a level not seen before.... nzherald.co.nz |
USD/JPY Classical (Daily FX) USD/JPY – Remains locked in an intense downtrend, with the latest setbacks below 89.00 to likely open a direct retest of the recent trend lows by 88.00 over the coming sessions. us.rd.yahoo.com |
Euro Forecast Bearish on Sharp Shift in Forex Sentiment (Daily FX) Euro Forecast Bearish on Sharp Shift in Forex Sentiment Fundamental Forecast for Euro: Bearish - S&P downgrade of Greek sovereign debt rating threatens euro - Euro Zone PMI data shows noteworthy expansion, may force ECB’s hand - Euro/US Dollar very closely linked to gold prices - Eurobarometer survey suggests labor market hasn’t seen worst yet The Euro finished the week nearly two percent lower against the resurgent US Dollar, leaving momentum firmly to the downside for the previously high-flying European currency. us.rd.yahoo.com |
Euro / Dollar Resistance at 14450 (Daily FX) The US dollar starts the week mostly lower in light holiday trade, but the USDCHF pattern suggests that the greenback may soon accelerate to the upside. us.rd.yahoo.com |