Forex | Forex | Lack of Direction (03/09/2009 15:38:53)

Lack of Direction

Market Focus •Obama reappointed Fed Chairman Ben Bernanke •Consumer Confidence Index spiked to 54.1 in August from 47.4 in July •The Case-Shiller Home Composite also came in better than expected, even though it showed a -15.4% yr/yr decline (vs. -16.3% consensus) •US Q2 GDP second revision came out unchanged at -1.0% vs. -1.4% expected •Canadian retail sales data came in much stronger than expected, showing a 1% rise in Canadian store sales in June •SNB's Jordan stated that he "won't accept


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