Euro/dollar extended its losses and fell below support as the US reported bad figures: the Philly Fed Manufacturing Index plunged to -30.7 points – a very low point. Estimations were for a positive number. Existing home sales fell to a pace of 4.67 million, lower than expected. The plunge in the Philly index very significant – it is the most recent data available – for the current month of August. This joins a rise in jobless claims. EUR/USD broke below the 1.4325 line and bounced off the next support line at 1.4282 for now. Further support is at 1.4220. Higher resistance is at 1.4375. The world is slowing down – ... (full story)