Forex Technical Update 8/31/2010 The EUR/USD had a sharp correction rally in the European session but did not invalidate the bearish swing outlook just yet. You can also see the Euro pare losses against the Yen, but the Japanese currency remains firm. The USD/JPY continues to decline. The Swiss franc dominated the European session as the EUR/CHF is at an all-time low, and USD/CHF is at a 7-month low. The CHF also is also threatening to outperform the Japanese Yen as a safe haven currency. Fan Yang CTA Technical Analyst www.fxtimes.com
Americans have given $25 million so far to help victims of Pakistan's flood disaster -- far less than the U.S. donations made in the immediate aftermath of other major disasters. Experts cite the relative lack of news coverage, attitudes toward Pakistan and the nature of the disaster itself.
Home prices were higher for the third straight month amid a burst of home-buying due to tax incentives that have since expired. The Standard & Poor's/Case-Shiller 20-city home price index posted a 1 percent increase in June from May and was up 4.2 percent from a year earlier.
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Andrew G. Biggs of National Review argues, when it comes to Social Security, it's too politically risky to revive the Bush-era idea of personal accounts. A solution will come from a mix of government intervention and personal initiative.
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A bleak housing market makes people fret about more than their wallets: Families also suffer the consequences. One couple broke off their engagement, but the current value of their home has kept them living together. Another family has been separated by 900 miles for 18 months because the father left for work and their house isn't selling.
