Commodities - Technical Analysis

Major Headline

Wednesday, October 10, 2007

US EONOMY UPDATE

Dollar softens further across against most currencies into US session.Technically speaking, break of intraday support levels indicates last week's recovery in the greenback has likely completed and further downside will likely be seen. Though, price volatility may be limited as the economic calendar is light, with wholesale inventory featured only. Low yield majors, the yen and swissy remains pressured in crosses.BoJ will announce rate decision in the coming Asian session and is widely expected to keep rates unchanged at 0.50%. Meanwhile, the Swissy is weighed down by SNB Roth's comment yesterday that the bank has no plan to raise rates again from the current 2.75%.

Commodity Online Market Pulse

UTVi - Top Stories

UTVi News - Commodities