Forex Daily Outlook August 26, 2010

Forex Daily Outlook August 26, 2010
U.S. DATA CONTINUES TO DISAPPOINT. Another terrible day in terms of U.S. economic data releases, showing a further slowdown in the U.S. as durable goods orders grew only .3% vs. 2.9% expected; even worse, the core figure came in at a negative 3.8%! Our belief is that the majors will gain ground against the dollar in the short term, over the next few days.