Forex Trading TV Video Blog

US ISM Manufacturing On Tap The greenback weakened all across the board on Friday and it closed off the week on another all time low against the EUR. The string of weak US economic data released throughout last week support an additional rate cut by the Fed and this is putting the dollar under pressure. On Friday the Core PCE Price Index, which measures the rate of inflation experienced by consumers when purchasing goods and services, released inline with expectations at 0.1 %. This data provided a strong indication to the market that althou... ( read more )