I was on Bloomberg Television earlier today talking about the outlook for non-farm payrolls and how the dollar could react to it. For my full NFP and ECB Preview, make sure you read my special report What to Expect for ECB and Non-Farm Payrolls

Find more videos like this on www.truveo.com.

Posted in Bloomberg, Forex Technicals, ecb rate cut, forex blog, forex seasonality, non-farm payrolls 3 Comments »

We have a major technical break in CAD/JPY this morning. The currency pair has broken below trend line support, the 50-day SMA and the 23.6% Fibonacci retracement of the year to date rally. Next stop could be 81.50. Lower oil prices are playing a big role in the move. Read all about it [...]

Posted in 2009 canadian dollar, Bank of Canada, Forex Technicals, forex blog 1 Comment »

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 »

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 »

I have been VERY bullish the Australian dollar over the past month. When I was in Asia, I appeared on CNBC twice to talk about how the AUD/USD was poised for further gains (CNBC Interview 1, CNBC Interview 2). At that time, the AUD/USD was trading at 71 cents. Now that the pair has [...]

Posted in Australian Dollar, Forex Technicals, australian dollar forecast, forex blog No Comments »