Monday, August 4, 2008

Aug 4 dollar is gaining strength on oil


Coming off new highs the Dollar is gaining a little strength with the fall of oil. Could see a test of support if FOMC meeting is stable tomorrow.
There will be a US bank report released this week on the number of banks on the watch list for bankruptcy. Supposedly 50 of the top 100 banks are close to folding.
Expecting a small bounce from there.

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