The Unconfident French

• June 28, 2001
• Marc Dupee

The euro took its biggest dive in a month after one of the best economic hopes
in Europe, France, reported a two-year low in consumer confidence. This sets up
the

euro FX futures
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PowerRating) to close at a contract low. The
Swiss francs
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PowerRating) is also lower. Declines in both are boosting
September dollar index futures
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PowerRating). 

As the dollar rallies,
August gold
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Orange
juice
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PowerRating) is slightly higher out of its Turtle Soup Plus One Buy
setup. 

Coffee
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PowerRating) is having difficulty sustaining any of
its rallies and is trading on its lows of the session, near a multi-year
low. 

Stock index futures are rallying one day after the Fed
cut interest rates by 25 basis points. Word that Microsoft
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break in its antitrust ruling is also working to boost stock index
futures.