Wednesday 26th March
As we had expected the US dollar has been slowly but surely giving back much of its gains of the last few days as investors/traders return to the market and focus once again on the ongoing credit crunch problems and the consequences of such for the US economy.
Yesterday the Euro rose more than 1 per cent against the US dollar as data showed consumer confidence hitting a 5 year low and consumer expectations sinking to the lowest level since 1973 whilst house prices fell further across much of the USA.
Some significant data today both from the Euro Zone and the US which will give us more of an idea of the state of both economies and future expectations.
For now the Fed seems to have stabilized stock market sentiment and encouraged investor confidence. But for how long we wonderâ€¦is this the lull before the next storm? Money and management and discipline is the key!