The US trade figures were worse than expected with a US$54bn August deficit compared with a revised US$50.5bn in July. Exports rose just 0.1% while oil imports rose strongly and the services deficit fell. Jobless claims also rose to 352,000 in the latest week and the immediate dollar implications are negative. The key is whether the Euro can push above the 1.2420/30 resistance area. Analysis supplied by [URL=http://www.fxtoday.co.uk]FXToday[/URL] (full story)