The UPTREND read on the EURO (FX) that was initiated 8 business days ago has gained +300 points. This comes after the prior DOWNTREND read that lasted for over 130 business and gained +2500 points(very rare).
The chart on the website - http://www.thedowinlivingcolor.com - also notes that the ANTICIPATED LOW was only 8 points off the ACTUAL LOW OF THE DAY.

In light of the number of manufacturing and goods producing jobs lost in America over the past decade, it’s no wonder why many in Washington and on Main St. are clamoring for a trade and currency war with China. The raucous has grown so loud that Congress, Treasury and the Commerce department may soon be forced to declare China a currency manipulator.

British Pound Update

Taking another look at the British Pound.

How often has the term ‘depression’ been used to describe the conditions in the US and global economies? What are the symptoms of this infrequently experienced economic storm? These are the questions that will shape the dollar’s future not just a week ahead but for months to come. DailyFX provides the latest in forex trading news.