Opinions – Not Facts

This blog consists of contributions from FX EDU staff, executives and people that have a relationship with FX EDU. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FX EDU policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FX EDU policy, please contact FX EDU through the firm's official website, www.fxedu.com.

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DailyFX Forex Radio – Bernanke's Forecast For A Recession Weighs Dollar, Overshadows Dour UK Housing Data

By DailyFX Radio | April 2, 2008

Listen to our Evening DailyFX Forex Radio PodCast:

http://media.dailyfx.com/podcasts/FXRadioPM040208.mp3
Key Points

· Bernanke testimony calls for rising unemployment, deeper housing slump and a recession; are market forecasts of a 25bp cut reasonable?

· UK housing market crumbles as mortage approvals, construction activity and equity withdrawals plunge.

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Opinions – Not Facts

DailyFX Forex Radio – Bernanke's Forecast For A Recession Weighs Dollar, Overshadows Dour UK Housing Data