US Midday Report: 6/24/08 GoForexTrade.com
June 24, 2008 by Thomas Howell /

Wow! The dollar has had it’s day the barrel. A day after the Euro got the crap beaten out of it, the US takes it turn getting punched with bad news!

German Consumer Confidence Took a bad turn, rating at 3.9, not reaching the 4.6 expectation. The British and Swiss had their consumer numbers slightly decline as well. The effects of a slowed economy is being felt, even in europe!!!

On the flipside, the French Consumer Spending has increased 2%! The Land of DeGaulle, Stereolab, Damn good wine, and even better food, has done awesome!

US News: Let the ass handing begin!
Home prices didn’t decline as bad as they thought it would. But did that stop the euro from taking back yesterday and sunday? Um NO!

Consumer Confidence, House Price Index, and Richmond’s Fed Index had taken a not so surprisingly apparent beating, sending the euro back to it’s happy place and then some!

So. should I even talk about crude oil at this time? Heck, we will get out the numbers anyway!!!
WHOAH! It is stable at 136.72 at time of writing. And the Dow 30 is up! Seems like the stock traders were not phased from all of this bad news…

Ask them stock traders to trade where the real drama, and life and death battle of currency supremacy lies, THE FOREX MARKET!!!! Start an account with Forex Meta, and qualify for an $100 bonus! Check them out here! and tell them Tom from GoForexTrade.com sent ya!




Leave a Reply