EUR/USD Daily Outlook at FinGad.com

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Categorie: Currencies
Submitted 2 months ago by

Denese

USD Pending home sales index, a gauge looking two months ahead, has jumped 6.3% from last month and is at it’s highest level in six months. There have been massive price declines in some areas and bargain hunters are beginning to pick up some of the fallout. Despite the rise, the index is down 13.1% from last year. However the forecast of existing home sales is that it will slow to $5.4million before rising in 2009. Last year the average was $5.65million. Higher home affordability should help to clear the inventory of unsold homes which is at a high of 11.2 months supply, but countering the lower home prices are the weakening employment figures and higher inflation created primarily by the increased oil price. Bernanke"s speech at 00:15 GMT resulted in the USD rising. He emphasized inflation concerns and played down growth worries and helped send 2-year Treasury yields above 2.95%. Events scheduled for today: 07:30 NFIB Index <p c... More...

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#1 | Liz @ 2 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Hi Denese, good point. US Dollar is going down, it affects the global ecoomy especially the when the oil prices increased like no end.
#2 | Lovephileo @ 2 months ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 412 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: everything in the market gets up and gets down, so that economic life makes sense in all things.. you know what is good to me when the dollar gets down? it gets up here in RP. the peso gets down all the more and it looks good to my remittance abroad and to RP's remitance domestic income . every day converting dollar into peso makes sense to the Q1 of RP's income. gonna be great right?
#3 | Liz @ 2 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: When Dollars is down, some other currencies go up. There are pros and cons, it's up to you how to look at it. I think USD will go up again, since the value is lower, it's good to invest in USD now. When USD goes up again, you earn from there.

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