Weekly market update 31st of August 2011 by Michael Hewson
Michael talks about the continued deteriorating US economic data, the after effects of Jackson Hole, FOMC, deteriorating European economic data. He also looks at the likelihood of a rate cut by the ECB, and looks ahead to this week's US ISM, Non farm payrolls as well as PMI data for Europe and the UK.
He also looks at the USD/CHF, USD/JPY, EUR/GBP.