I was on Bloomberg last night talking about the odds of Dollar Reserve diversification and the outlook for the dollar. Click on the image to access the video:

Posted in dollar record low, forex blog No Comments »

I am back from vacation and found this interesting tidbit that could lead to further Yen strength over the next few days:
Sumitomo have announced they are looking at doing a rights issue next week (up to USD 8.6 bio equiv) of which 50% will be offered to non domestics. This deal is expected to close [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, Japanese Yen 8 Comments »

I will be on vacation next week. For comments on the currency market, please visit FX360.com and while you are there check out our new Trader Talk section which is near the bottom of the homepage!

Posted in forex blog, fx360.com 3 Comments »

I was on the Business News Network this afternoon talking about the non-farm payrolls report. Click on the image to watch the video:

Posted in Forex TV, non-farm payrolls No Comments »

Although I am long term bearish dollars, I cannot ignore the fact that the near term outlook for the greenback has changed. Important technical levels (1.40 in the EUR/USD, 1.60 in GBP/USD and 97 in USD/JPY) have been broken and there is a good chance that economic merits rather than risk appetite could be [...]

Posted in 2009 eurusd forecasts, Forex Technicals, eur/usd, forex blog 2 Comments »