Yesterday evening to 20:00, at the time of the minutes of the last monetary meeting of the Federal Reserve (FED) of August 5, the bankers of the American Federal Institute lowered their economic forecasts and indicated inflation moves back in the next months. The report implies that the rates should remain stable in the immediate future, which disappointed the market which speculated in one or more rise of the rates starting from this autumn. Another declaration which disappointed the market is the fall of the forecasts of the FED for the remainder of 2008 and 2009
Not large-thing to put itself under the tooth today, the American durable goods orders at 16:00, a speech of the vice-president of the Swiss National Bank, Philippe Hildebrand, with 17:30 and the manufacturing index of the FED of Chicago to 18:00.
The dollar being always supported by a general positive feeling of the market, each fall of the dollar would owe an opportunity to be put long. The market also supervises the evolution of the Gustav hurricane in the Gulf of Mexico which affects the course of the raw materials.
