3 Numbers to Watch: US Consumer Spending, US University of Michigan Consumer Sentiment; German Retail Sales

Consumer spending in the US is expected to have risen 0.5 percent month-on-month in August after a rise in retail goods sales. Consumption levels had softened in May and June, but made a comeback in July in the retail sector, with spending rising 0.4 percent in July. Meanwhile, inflation measured by... FF News: Fundamental

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Spain's Budget Reveals $51B Austerity Cuts As Rajoy Enjoys Cigars In New York

A day after Spanish Prime Minister Mariano Rajoy was caught in the streets of New York enjoying a cigar, his administration presented their 2012 budget. Madrid has been negotiating with Brussels to present a budget that will approximate the "strict conditionality" that will accompany what many... FF News: Fundamental

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EUR/USD Trading with Low Volatility Between Converging Trendlines

Low volatility: In yesterday's (9/26) EUR/USD update, we noted a rising trendline from July that use to be resistance and might be tested as support. So far the market has held above this line, as shown in the 4H chart, with dead volatility. The candles throughout the 9/27 session so far have been... FF News: Technical

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