By Christopher Vecchio, Junior Currency Analyst 26 August 2011 13:48 GMT 
Fundamental Headlines
Charts created using Strategy Trader– Prepared by Christopher Vecchio The economic and political climates have deteriorated to a seemingly offensive level to most Americans at this point, as confidence readings and empirical evidence point towards another recession in the United States. Inventories are dropping, not because of increased demand, but due to reduced supply. As per the recent consumer price index print, price pressures have risen to 3.6 percent in July, on a year-over-year basis. Consumer confidence in August hit its lowest level since March 2009, the bottom in equity markets. USD GDP (QoQ) Annualized: March 2005 to Present 
Prepared by Christopher Vecchio Today, in Jackson Hole, Wyoming, world leaders have gathered at the Federal Reserve’s annual. Economic Policy Symposium, an event the Federal Reserve Bank of Kansas City describes “a forum for central bankers, policy experts and academics to come together to focus on a topic that is not necessarily of immediate concern, but instead looks into the future at emerging issues and trends.” This limited description of the event is misleading, however, considering the state of global economic affairs. Any hints of a third round of quantitative easing – or lack thereof – will determine the fate of the U.S. Dollar for an indefinite period of time. With risk-appetite climbing slightly again today, as noted by rallies by the commodity currencies and global equity markets, it appears a form of easing is being priced in – perhaps too ambitiously. After last year’s speech by Chairman Bernanke that further easing was a policy option, the Dollar slid drastically, and has been the world’s worst performing major currency since Chairman Bernanke’s speech last August. 24-Hour Price Action 
Key Levels: 13:30 GMT 
Written by Christopher Vecchio, Currency Analyst To contact the author of this report, please send inquiries to: cvecchio@dailyfx.com Follow Christopher Vecchio on Twitter: @CVecchioFX DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.
// SET PAGE PROPERTIES var sProperties = new Object(); sProperties.server = '2.6'; sProperties.channel = 'Fundamental: Top FX Headlines'; // Pass page properties to Omniture if (typeof sProperties != 'undefined') { for (var sProperty in sProperties) { s[sProperty] = sProperties[sProperty]; } } var s_code=s.t(); if(s_code) document.write(s_code);
Get a feel for live tradingTrade Simulator Download here
0 Responses: U.S. Dollar Gains After Disappointing GDP, Falls Ahead of Bernanke
Posting Komentar