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Mixed data in the U.S.

Posted on June 27, 2008

Personal Income and Spending growth more than expected, yet inflation disappointed in the US. (check the following link to review the data: http://www.fxstreet.com/fundamental/economic-calendar/ ), but despite the negative sentiment against dollar, majors seem quite exhausted and ready to start a correction: Euro needs to break under 1.5725 to run to the zone around 1.5680, while Japanese Yen needs to regain the 106.50 zone to trigger a bullish rally. GBP/USD, under 1.9853 to 1.9830. ...

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euro , inflation , yen