Thread: The Greenback Hits Fresh Low

Gold:There is a very accurate bullish channel forming on the daily chart, as the break through the upper level of it was just validated. Gold now has enough bullish momentum to be carried into the 1026.00 zone. This is a great opportunity for forex traders to use this technical break and swing into a high potential bullish move.

According to former Federal Reserve chairman Alan Greenspan today's economic condition could likely be seen as "the most wrenching since the end of the second world war".

The models used by the finance industry to determine risk and measure economic strength are too simple to fully account for human responses, and we cannot hope to anticipate the specifics of future crises with any degree of confidence so A. Greenspan.

Tough times ahead for the US-Economy...

rgds,