30/7/2008 - The Current Market Sentiment |
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The greenback could harvest the inherited gloomy growth outlook picture in EU and UK from US. The market is waiting this week for EU PMI manufacturing and service data and it is expected of be slightly fewer than 50 again. The IFO data have shown that the germane business climate is struggling last week and this mistrust sentiment of the single currency could not help it to stand above 1.575 versus the greenback forming another lower high at 1.575 after 1.5935 and 1.6023 putting technical
Filed under: Technical
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