Last week?s currency trading review The Dollar ended the week sharply lower on intensifying views the U.S was headed into a recession. No single piece of data highlighted the concerns as much as Non-Farm Payrolls on Friday which confirmed a decline in -63k jobs for the month of February, with future markets fully pricing in 75bp rate cut on March 18. Both ISM indices showed further contraction with ISM manufacturing index deteriorated once more with a reading of 48.3 in February lowest reading

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This entry was posted on Monday, March 10th, 2008 at 3:03 pm and is filed under Forex Trading Strategies. 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.