Fundamental Alert – UK Housing data raises Dollar

Mark — Thu, 29 May 2008 08:05:54 +0000

5-29-08 9:08a GMT – UK housing data came in five times worse than expected and was the cause of the rise in USD across major pairs as traders feared that the a global recession could be closer at hand. If more bad data continues, especially in light of hawkish comments by the Fed on inflation expect the dollar to retain the gains. In the short term look for oversold and overbought currencies to rebound, especially [ continue reading ]

Source: Fundamental Alert – UK Housing data raises Dollar
Forex signals from: PipHut.com

PipHut.com» recession

Fundamental Alert – UK Housing data raises Dollar