I was on Fox Business this afternoon talking about the overstretched positions in the euro and British pound as well as the outlook for the ECB, BoE and Non-farm payrolls report
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Posted in 2009 eurusd forecasts, 2009 gbpusd forecast, 2009 us dollar forecast, dollar forecast, euro, forex blog, non-farm payrolls 1 Comment »

I was on Fox Business earlier this afternoon talking about what could turn the dollar around.
Watch the latest business video at FOXBusiness.com
Here is a chart showing how G7/G8 (which is now G20) finance ministers and central bankers meeting has coincided with major tops and bottoms in the EUR/USD. I’ll have more on that soon [...]

Posted in 2009 us dollar forecast, Forex, US Dollar, euro, forex blog, weak dollar earnings 14 Comments »

As we begin the second week of trading in September, it is also important for currency traders to know that the performance of the EUR/USD and USD/JPY this month could set the tone for trading for the rest of the year. The following tables compare the performance of the EUR/USD in September with the [...]

Posted in 2009 eurusd forecasts, euro, forex blog, usd/jpy 6 Comments »

We had a number of surprises in U.S. economic data this morning including the Philly Fed index and leading indicators, but the biggest surprise was definitely the decline in continuing claims. Since the beginning of the year, continuing claims, which measures the number of people continuing to claim unemployment benefits rose week after week, [...]

Posted in 2009 eurusd forecasts, continuing claims recession, dollar recession, euro, forex blog, jobs 6 Comments »

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 »