www.bforex.com: EUR Facing Troubles

The main indexes on Wall Street completed an additional poor week week, rendering it just about a two month slide for equities.

A bad Core Durable Goods figure served to fuel negative sentiment as investors stayed risk adverse.

The United states dollar gained against most of the major currencies and Gold sank and the commodity markets in general continued to experience pressure.

Today is going to be relatively light for economic info except for some Personal Spending numbers from the States which should have little influence.

Tomorrow the U.K. will distribute GDP results, Germany and the States will have Consumer sentiment readings.

Next week investors will still discuss the debt troubles affecting Greece and Europe. And they will observe U.S. economic info meticulously.

There is a real worry that the major economies are on the brink of a 'double dip' recession.