The Traderszone Network

Published in TZ Latest News 3 October, 2015 by The TZ Newswire Staff

Dollar Bulls Bends,but Will They Break?

The unexpectedly poor September US jobs data weakened the greenback’s technical tone, as questions about the underlying strength of the world’s largest economy, and the implications for the Fed’s take-off, intensify.   The economic data the US is scheduled to release in the week ahead are not of sufficient heft to alter the pessimism that was spurred, but not caused, by the jobs data.  Recall that earlier in the week, the US reported it new flash reading on merchandise trade.  The unexpectedly large deficit caused the Atlanta Fed’s GDPNow to halve its estimate for Q3 growth to 0.9%.  

read more