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Euro Declines as German Ministry Says Economy Deteriorates
The euro fell against the dollar to near the lowest level in six months as Germany's Economy Ministry said the outlook for Europe's largest economy has deteriorated even beyond the second quarter.
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Eurozone Trade Records Deficit For Second Straight Month In
The Eurozone trade balance showed a deficit in June for the second straight month, but the gap narrowed from the previous month. 5
Chart of the Day for August 18th: EUR/AUD
Very interesting development on the 1hr candles for the EUR/AUD. Major resistance makes this a great play for a few pips to the upside after a good bear run since August 12th. 6
Forex Ideas for the Week of August 17th
Here are some ideas for pairs that I like for the week. Strong trends are the motivation here, with no great turnarounds in sight. 5
Dollar charges forward
Bad news for global economy is good news for the greenback. Dollar hits nearly 2-year high against British pound, gains vs. euro and yen. 6
U.S. dollar likely to extend gains next week
U.S. dollar could gain further ground next week, underpinned by the view that other major economies are deteriorating while the United States, the first major casualty of the credit crisis, is showing signs of reviving. 5
Dollar posts 5th weekly gain verus euro
The U.S. dollar jumped to a six-month high against the euro on Friday, buoyed by another drop in oil prices and growing views the U.S. economic slowdown may be bottoming while growth in the euro zone stalls. 5
Is the whole world slowing?
With Europe now joining the United States, Japan and Canada in the dumps, none of the Group of Seven economies is growing anywhere close to their potential. 
