The U.S. dollar has weakened significantly driving many of the major currencies to the highest level in months. Here’s a table illustrating the significance of today’s moves. I expect at least another 2 percent decline in the U.S. dollar against the key currencies (Short and Long Term Outlook for U.S. Dollar).

The fact [...]

Posted in 2009 us dollar forecast, Forex Technicals, euro, euro break 1.40, forex blog 6 Comments »

All of the action in the currency market today centers around USD/JPY. Over the past 24 hours, the currency pair has surged close to 2 percent, pushing all of the Yen crosses higher.
What Is Behind the Power Move?
It is no secret that the Japanese love yield. They were the primary buyers behind [...]

Posted in 2009 japanese yen forecast, usd/jpy 5 Comments »

I was on Fox Business talking about the outlook for the dollar. Its a one hour clip and I am on air starting at 39:00

Posted in Forex TV, forex blog 2 Comments »

First I apologize for not blogging. Boris has been away so I was doing double duty at FX360.com. He’ll be back tomorrow so I promise more blogging!
If you know me, I love all things Apple and I am addicted to my iPhone. So therefore I am very excited to announce that FX360 has [...]

Posted in forex iphone, fx360, fx360.com 9 Comments »

The biggest story in the currency market this morning is news that Standard and Poor’s has put the U.K.’s Sovereign Debt rating on negative credit watch. This means that the U.K. now has a 1 in 3 chance of losing its prized AAA rating. I have written an extensive article on what this [...]

Posted in 2009 us dollar forecast, forex blog, ratings downgrade 6 Comments »