FOREX: Dollar – Watch the S&P 500 Next Week, Not the April NFPs

It 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 through the collapse of the housing crisis and the subsequent global financial crisis that followed. … Continue reading “FOREX: Dollar – Watch the S&P 500 Next Week, Not the April NFPs”

Euro Rally at Risk if the ECB Doesnt Maintain Risk Return Balance

It 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. However, looking across the euro crosses, we still see much of the same thing –a … Continue reading “Euro Rally at Risk if the ECB Doesnt Maintain Risk Return Balance”

Forex Weekly Trading Forecast 05.01.11

– US Dollar Recovery Hopes Hinge on Payrolls data, ECB Rate Decision – Euro Rally at Risk if the ECB Doesn’t Maintain Risk/Return Balance – Japanese Yen At Risk As Speculation For Intervention Resurface – British Pound to Produce Nuanced Response to BoE Rate Decision – Canadian Dollar Bullish as 0.9000 Remains In Crosshairs – … Continue reading “Forex Weekly Trading Forecast 05.01.11”

US Dollar Recovery Hopes Hinge on Payrolls data, ECB Rate Decision

US Dollar Recovery Hopes Hinge on Payrolls data, ECB Rate Decision Fundamental Forecast for the US Dollar: Neutral US Dollar sinks as GDP misses expectations US Dollar short positions remain attractive as proxy for Crude Oil longs Central bank meetings and US Nonfarm Payrolls dominate event risk in week ahead Read more…