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Dollar Rally Over?
Posted by Bob Slade on Mon, 05/19/2008 - 7:18am in
Monday May 19, 2008
Good Morning:
The greenback continued to trade within familiar levels, as the markets await various economic data this week. All eyes will be on this Fridays Existing Home Sales data, to get a gauge as to the state of the US housing market. Also this week will be data on PPI and jobless claims. On Wed the FOMC will release the minutes from the April 30 meeting.
Posted by Bob Slade on Wed, 04/02/2008 - 7:21am in
Wednesday, April 2, 2008
Good Morning:The dollar rally lost steam overnight as it fell against other major currencies.
Today’s testimony to Congress from Fed Chairman Bernanke, along with today’s ADP Employment report added nervousness to the market.
Asian and European equities were higher led by financial institutions.
US futures are pointing to a higher opening.
- Oil: $ 101.30
- Gold: $ 886.50
ADP Employment report which was expected to be -40K but came in at +8K. We will see data on factory orders at 10AM
Have a GREAT DAY
Economic Calendar
