FX Technical Weekly 07-30
Saturday, July 31st, 2010 Posted in Market Comments | Comments OffFormation of a US Dollar low is proving elusive. It is best to stand aside and wait for the bottoming scenario to play out.
Currency Crosses: Technical Outlook 07/30
Saturday, July 31st, 2010 Posted in Market Comments | Comments OffThe Euro crosses are mixed while the Yen crosses show signs of topping.
USD Smashed in European Trade as Structural Divergences Intensify
Saturday, July 31st, 2010 Posted in Market Comments | Comments OffWe have yet to see any market reversals just yet, and the USD is back under pressure against most of the major currencies, with the latest surge led by demand for Eur/Usd which has now broken to yet another fresh ...
US Dollar Support Gives Way, Stocks Still Undecided
Saturday, July 31st, 2010 Posted in Market Comments | Comments OffThe US Dollar has broken key technical support, opening the door for a further 2 percent decline. Meanwhile, stocks continue to stall, signaling a potential double top and hinting that the link between risk and the greenback may be fading.