Concerns about the US economy are growing as the Dow Jones Industrial Average erases all of its year to date gains, taking the US dollar down with it. The rally that we have seen in the first few days of trading will be difficult to sustain with all of the weak economic data that [...]

Posted in Currency forecasts, Fed Rate Cut, Forex News, GDP, dollar forecast, dollar recession, forex blog, non-farm payrolls 4 Comments »

How Did the Euro Trade in 2008?

Exactly one year ago, the Euro was trading at approximately 1.47 against the US dollar, 5 percent higher than current levels. In 2008, this type of move is considered mild especially when compared to the Euro’s 20 percent rally against the British pound and New Zealand dollar and [...]

Posted in 2009 currency forecasts, 2009 eurusd forecasts, 2009 forex forecasts, Currency forecasts, ECB, Forex, Forex News, Forex Technicals, ecb rate cut, eur/usd, forex blog, forex signals 8 Comments »

With no US economic data on the calendar today, the dollar weakened against every major currency except for the British pound. Trading continues to be very thin with commodities being the only products that are really moving. The tensions in the Middle East have driven oil and gold prices higher. US stocks [...]

Posted in Forex News, dollar recession, eur/usd, forex blog, forex signals 3 Comments »

2008 Price Action: It has been an exceptionally active year in the foreign exchange market as currency volatilities hit record highs. In the first half of the year, everyone was worried about how much further the dollar would fall but in the second half of the year the concern became how much further [...]

Posted in Bernanke, FOMC, Federal Reserve, Forex, Forex News, Forex Technicals, consumer confidence, consumer spending, dollar forecast, dollar rally, forex blog 5 Comments »

To all of the readers of this blog, i wish everyone a safe and joyous holiday!
I will not be posting until Monday December 29th. During that time I will be making:
Rib Roast
Hash Brown
Sauteed Asparagus and Mushrooms
Tomato and Mozzarella Salad
Mediterranean Rice (a recipe I stole from Boris)
Cream of Potato Soup

Take one of my fun polls

Did [...]

Posted in Forex News, forex blog 14 Comments »