Weekly Forex Market Commentary
Foreign exchange encountered one of the most volatile periods in a while during last week. The aggressive recovery of the US currency took no prisoners, but the pause for Easter is jeopardizing the move. The dollar must extend its upmove quickly, or the recovery will end and the major downtrend will resume.
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Weekly Forex Market Commentary
The disaster of the subprime crisis is far from being fixed and is dragging us in a recession that will likely be significant. But, as I wrote in previous reports, Washington is really working hard on smoothing out our predicament. As of the time of this writing, a solution seems to be in the works […]
Weekly Forex Market Commentary
Problems are piling up on the US economy and the recession can be avoided in word, but not in deed. But the stock markets, with or without artificial help, held its own, and so did the dollar. Expect further choppy trading during this short week, but the odds the dollar should attempt to advance, as […]
Weekly Forex Market Commentary
The dollar managed to hold its own despite piling proof that the US economy is slipping its recession. The market has priced in rate cuts in both the US and the UK and even the inflation-minded ECB may come to its senses and reduce borrowing costs in an attempt to slow a worldwide recession. Risk […]
Weekly Forex Market Commentary
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