Sunday, August 9, 2009

Euro in Correction for 2nd Day on Poor Fundamentals

Two of the three major fundamental indicators of the U.S. economy showed a worse than expected results today in the respective reports, causing EUR/USD to continue its rather slow and uncertain correction on the Forex market. It fell for a second day today, going below the yesterday’s lows. Currently, it’s trading near 1.4369.

ADP employment change report showed 371k job losses in July, which is

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