For Pound the Barrage of Bad Data Continues - Will BoE Consider Cutting?
Another day brings more bad new for the UK economy.

Euro Open: Dollar Weakens as Markets Brace for a Busy Calendar
Overnight data weighed heavily on the Australian Dollar, taking AUDUSD lower to breach the 0.95 level. Japanese data surprised to the upside but failed...

British Pound Could Break 1.96 on Weak Trade Balance
The UK trade balance is due for release tomorrow and weak numbers could drive the British pound below 1.96 against the US dollar. The price action in the...

Meagre Recovery in USD Likely to Continue
Falling oil prices despite sabre rattling from Iran helped the Greenback a little further in its recovery move since last Friday in early European trading today. Although this move is not yet convincing enough to point out a real new direction, it is likely to continue in today’s trading, based on still oversold levels longer term. We therefore still prefer to buy the USD on weakness, as outlined in the major pairs below. The absence of market-moving news in the schedule puts a lid on<div class="feedflare"> <a href="http://feeds.fxstreet.com/~f/fxstreet?a=43B5NJ"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=43B5NJ" border="0"></img></a> <a href="http://feeds.fxstreet.com/~f/fxstreet?a=pxdbGJ"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=pxdbGJ" border="0"></img></a> <a href="http://feeds.fxstreet.com/~f/fxstreet?a=lcpE5j"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=lcpE5j" border="0"></img></a> </div>

Lower crude eases precious metals
Headlines Crude prices experience biggest one-day fall since Gulf war in January 1991 Lower sales from Indonesia send tin up<div class="feedflare"> <a href="http://feeds.fxstreet.com/~f/fxstreet?a=CKnX7J"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=CKnX7J" border="0"></img></a> <a href="http://feeds.fxstreet.com/~f/fxstreet?a=3Dn8uJ"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=3Dn8uJ" border="0"></img></a> <a href="http://feeds.fxstreet.com/~f/fxstreet?a=BqQO6j"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=BqQO6j" border="0"></img></a> </div>

Forex - Dollar rose on Bernanke comments and Crude Oil drop
Forex News and Events: The Dollar rose on Tuesday as Bernanke said the Fed was considering extending the duration of the central bank's facilities for primary dealers into 2009 calming fresh credit concerns and encouraged investors to snap up US stocks. A sharp drop in Crude Oil futures also supported the Dollar. Bernanke's remarks came after renewed credit worries sparked by a Lehman Brothers report that an accounting change could force Fannie Mae and Freddie Mac to raise a combined $75bio in<div class="feedflare"> <a href="http://feeds.fxstreet.com/~f/fxstreet?a=GgigiJ"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=GgigiJ" border="0"></img></a> <a href="http://feeds.fxstreet.com/~f/fxstreet?a=lykr8J"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=lykr8J" border="0"></img></a> <a href="http://feeds.fxstreet.com/~f/fxstreet?a=fvpG3j"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=fvpG3j" border="0"></img></a> </div>