Outlook for Forex Market on Business News Network
December 8, 2009
I was on the Business News Network yesterday morning talking about the outlook for the dollar and the currency market. Sorry it is delayed!
Posted in Bank of Canada
content rss
December 10th, 2009 at 8:35 am
Wow! I enjoyed your video, Kathy. You’re always talking wise :))) I just want to add that the rise of USD may turn out to be quite an unpredictable thing and we can expect it every moment. You see, now USD is suppressing its European rivals quite acctively.
December 10th, 2009 at 10:32 am
I can’t seem to find a link to the video…
December 10th, 2009 at 3:13 pm
Hi, can not see the link. would you post again? Thx
December 11th, 2009 at 3:53 pm
Yeah, nice picture though:>
USD turn is highly expected by all deflationists, the buy signal lies somewhere at 76+, many pairs are currently at the trendlines. Anyway, the bounce may be shortlived and not impressive…as gold may reach new high before April so I do not expect USD to overperform during this time. Of course my forecast is much more nonsense than not, because the market will do nobody knows what and wherever it goes, I will go with it.
December 14th, 2009 at 8:09 pm
EURUSD has fallen 550 pips since 1.5140. I will be careful on being too bullish on US Dollar.