Forex Bull

The release of the US third quarter GDP could cause quite a commotion during today’s US session. Aside from that, what other economic reports could rock the markets this day?

As I had expected, the EURUSD continued it’s bearish momentum yesterday, bottomed at 1.4690 and closed at 1.4715. As you can see in my daily chart below, we area in critical technical phase where price is now testing the major trendline support.

EURUSD continues its sharp moving and the fall from 1.5062 extends to as low as 1.4693 level. Deeper decline is still in favor and next target would be at 1.4600-1.4650

Crude oil and other energy prices slumped Wednesday after the Energy Department reported a higher than expected jump in U.S. gasoline stockpiles.

US equity indices headed lower in early trading this morning, with the downward trend established over the last three sessions becoming more firmly entrenched.

The dollar was mostly higher Wednesday as a report on the housing sector added to worries about the strength of the U.S.

Simultaneous Release at www.thegeekknows.com Follow me on twitter AND THE BEAR WON !!!! for now. Good day to all! How is your day so far?

Posted By: Chris Taylor, If you’re getting a little queasy about the sagging U.S.

Posted By: Jessica Rao, A weak dollar and a global economic recovery should boost most commodities prices, but gold, oil, corn and sugar will fare the best.    Read More Topics: Recession | Natural Gas | China | Personal Finance | Asia | Economy (U.S.) | Economy (Global) | Market Outlook | ETFs | Mutual Funds | Futures | Agriculture | Currencies | Commodities | U.S.

Posted By: Jessica Rao, Investors accustomed to seeing strong stock market gains at the end of the year, may be wondering what is in store this year after the multi-month rally, but suppose we are in for a double dip recession or an anemic recovery?.