I was also on Fox Business today talking about my outlook for the EUR/USD. This was BEFORE euro fell below 1.20. Enjoy!
Watch the latest business video at video.foxbusiness.com

Posted in 2009 eurusd forecasts, euro oil, forex blog 8 Comments »

I was on Fox Business earlier this afternoon talking what is moving the dollar and the short / medium term outlook for the currency market. Here is the clip, I am the first interview.

Posted in 2009 canadian dollar, 2009 currency forecasts, US Dollar, euro oil, forex blog No Comments »

Every day, equities, currency and bond traders weigh the good news with the bad to determine if they want to buy or sell.
Today, there were just as many positive reports that should have helped to stabilize the markets but has instead failed to stem the bleeding in equities and currencies.
In a [...]

Posted in Australian Dollar, British Pound, Canadian Dollar, Carry Trades, ECB, Forex News, US Dollar, USD/CAD, currency trading ranges, election dollar, euro oil, forex blog, forex trading calendar, usd/jpy 1 Comment »

On Monday, I blogged about all of the reasons why I like USD/CAD. At that time, the currency pair was trading at 1.1889 and it is now 200 pips higher.
The resistance level that I have been watching was 1.20. As long as the currency pair closes above that level, there is no major [...]

Posted in Canadian Dollar, Forex Technicals, euro oil, forex blog 1 Comment »

Even though the lack of meaningful US economic data has kept the US dollar in flux, there is one commodity that is continuing to grind lower. Oil prices fell to the lowest level in 20 months as exporters wake up to reality that crude prices may stay at current levels for some time. [...]

Posted in Canadian Dollar, US Dollar, dollar earnings, dollar intervention, eur/usd, euro oil, forex blog, oil dollar No Comments »