· US consumer confidence falls to yet another 5 year low. Worse than expected? Yes. Surprising? No.
· US stock markets struggle to hold their ground, but the DJIA may still have upside potential to the 12,800 level…
· Nevertheless, major downside risks to the markets remain, especially if the privatization of Clear Channel falls through on the failure to come to an agreement on credit terms.
[B]Stories to watch on DailyFX
[/B][B]·[/B] Carry trades have made a comeback and could continue to do so in the near-term. However, it is worth asking: Why Might the USDJPY Rally Be Short Lived?[B]
·[/B] ECB officials remain hawkish, supporting EUR/USD gains. Find out when they’re saying in DailyFX Central Bank Speak.
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