US Dollar to Rise Against Yen, on the Defensive Elsewhere
Saturday, April 30th, 2011 Posted in Market Comments | Comments OffEUR: Bulls Clear Path to 1.50 Figure JPY: Remain Long Through Pullback GBP: Gravestone Doji Hints Weakness CAD: Upside Cues Lack Momentum AUD: Stand Aside Ahead of 1.10 NZD: Rally Stalls Near 0.81 Figure
FOREX: Dollar – Watch the S&P 500 Next Week, Not the April NFPs
Saturday, April 30th, 2011 Posted in Market Comments | Comments OffIt was an appropriate way to end the week and month. The tattered US dollar slid to its lowest level on a trade-weighted basis since July 30th, 2008 – fully erasing the safe haven premium the currency had built up ...
Euro Rally at Risk if the ECB Doesnt Maintain Risk Return Balance
Saturday, April 30th, 2011 Posted in Market Comments | Comments OffIt is difficult to separate the euro’s strength from the dollar’s weakness. Considering EURUSD is the most liquid currency pair (by a wide margin), the steady pressure on the greenback is a natural source of strength for the European currency. ...