Day: August 10, 2007

U.S. Budget Deficit at $36.3 Billions

Euro still holds below the 1.3700 level after a major crisis on the world financial markets and currency interventions made by European and Japanese central banks. Dollar’s fundamental future isn’t looking bright, but from the technical side EUR/USD is turning the trendline down currently.Yesterday’s initial jobless claims news release wasn’t very encouraging — 316,000 new claims — almost 10k higher than expected. This is a bad sign […]