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US Treasury Secretary Paulson

Forex News:US Treasury Secretary Paulson on the wires

Posted by Greg Michalowski on Wed, 07/02/2008 - 10:05am in
  • SHOULD NOT BE SURPRISED IF THERE ARE MORE HOME-PRICE DECLINES
  • UK AND EUROPE SHOWING SIGNS OF SLOWING
  • EMERGING ECONOMIES TO CONTINUE TO BE STRONG
  • HOUSING POSES A SIGNIFICANT DOWNSIDE RISK TO THE US
  • CALLS ENERGY, MARKETS, HOUSING A TRIO OF HEADWINDS
  • U.S. ECONOMY GOING THROUGH A ROUGH PERIOD

Analysis: Comments are more dollar bearish. 

The EURUSD has the 1.5873 area of resistance to overcome after the stop buying quickly fizzled on the last move higher.

Forex News: US Treasury Secretary Paulson on the wires

Posted by Greg Michalowski on Thu, 02/07/2008 - 10:24am in
  • Wants China to hurry up appreciation of currency
  • Says he is 'frustrated' by no US fix to budget problems
  • Extending unemployment would send wrong signal

ANALYSIS: Nothing really new nor market moving. Focus remains on the stock market today.