Big Pippin’s Forex Forecast: Wednesday, 04/02/08

I’m not really big into fundamentals but I feel that they are important to discuss. In this section I will be posting fundamental tidbits that I find interesting from various sources. If you find an article that you think would benefit everyone, please email me (Big Pippin) with your username, the article, and a link to where members can read the entire article.

Now onto the Fundamentals:
  • Dollar makes biggest rise in 2 weeks against Euro
    • The currency, down 7 percent against the euro in 2008, rose 1.2 percent today, 2.1 percent versus the yen and 1.9 percent against the Swiss franc as some investors concluded credit market losses will diminish.
  • Paulson: Change rules for Wall Street
    • Treasury Secretary Henry Paulson proposed a set of sweeping changes on Monday aimed at modernizing the nation’s financial system in what could herald the biggest regulatory overhaul of Wall Street since the Great Depression.
News events to watch for tomorrow :
  • 4:30am EST- UK Services PMI
  • 10:00am EST- US ISM Non-Manufacturing Composite

For a list of all of tomorrow’s news events, check out our Forex Calendar

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