Trick or Treat - Low Rates and Other Good Numbers?

By Jerry Furst - Sr Analyst
Investors Education Network
 
The Dollar - Gives and Takes
The past few days have seen the US Dollar give back a small portion of it’s historic rally - save the Yen… This despite factors that fundamentally - “in normal times” - should have hammered the greenback. The biggest factor being the FOMC dropping rates to 1%, and GDP coming in an anemic 0.3%.
Jumbo Jets and Jobs Anyone?
Durable Goods in September were reported to be a positive 0.8% with expectations running as low as -3%. This was primarily attributed to aircraft orders. With the Delta and Northwest merger approved by shareholders - there may be a few “pre-owned” birds along with some stewardesses on the market. Jobless claims came in at a steady - unchanged 479,000 on Thursday - only to hear that American Express and Motorola were going to lay off a pfat part […]

Original post by Jerry Furst

This entry was posted on Thursday, October 30th, 2008 at 11:44 pm and is filed under Interest Rates, currencies, unemployment, charting, USD-CAD, triangle pattern, FX, trading, Technical Analysis, gdp, Fundamental Analysis, News: Scheduled and Breaking, Relevant Ramblings, US Dollar. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.