Thursday December 30, 2004 - 15:19:04 GMT
Share This Story
FX Today - www.fxtoday.co.uk
New Year attack on the dollar?
The Chicago PMI report was disappointing with a decline to 61.2 in December from 65.2 in November and the employment component fell to below 50. This will increase the risk of another near-term attack on 1.3650. Given weak sentiment, the most likely outcome is also that the markets will try to sell the US dollar aggressively early next week, but it is best not to get involved given the risk of a sharp correction.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."