US Weekly Commentary May 22, 2009
Reaching a new low for 2009, the US dollar index closed the week down 3.5% as market participants priced in a possible loss of US AAA sovereign debt rating.
AUD Weekly Commentary 05/22/09
The Australian dollar recovered from last week's 2.7% decline rallying 4.5% against the greenback. The A$ was helped by the broader decline in the US$ as market participants priced in risk of a US credit rating downgrade.
USD oversold but no clear sign of bottom quite yet
The Dollar index is an important barrier and oversold. Will this be the pivot point for a turn or will there be some downside still before a larger turn. I do think risk is moving towards dollar strength but the only evidence currently is oversol
Contraction or Retraction?
The US dollar collapsed last week against lots of currencies. This week, American figures stand out in the economic calendar, with Prelim GDP being the last and most important figure. Will American contraction squeeze? How will Consumer Confidenc
Forex Levels to Watch (Week of May 25-29, 2009)
Here are some key support/resistance price areas to watch for (breaks/bounces) in the forex market during the upcoming trading week of May 25-29, 2009:
Wachovia Weekly Economic and Financial Commentary
The dollar got smacked this week. For example, the euro rose to its highest level vis-à-vis the greenback since the beginning of the year (see graph at the left). The euro did receive a bit of a boost from some stronger-than-expected data.
Forex Weekly Outlook - May 25-29 2009
After a holiday in the US, forex trading this week will be affected by New and Existing Home Sales, Durable Goods Orders and the second release of GDP. Yup, after a horrible week for the dollar, the scene is dominated by American figures. And of
Pound at New Ground - What’s Next?
GBP/USD broke a few resistance lines on the way up. It seems like the sky is the limit, but will it take a break? Nationwide HPI and CB Realized Sales are some of the key events for the Pound. Let’s see how this week unfold, and what technical le
USD ends week in the lowest level for 2009
Greenback finished the week in the lowest level for 2009 against European currencies.
Forex Trading Weekly Forecast - 05.25.09
US Dollar Plunges Into Oversold Levels, Signals Potential for ReversalWhat Happens to the Euro Rally When Risk Appetite Settles?
Japanese Yen Bounces Despite Record GDP Contraction – What Gives?
British Pound Likely to Look Past Economic Data
The Weekly Bottom Line
There were further signs of short-run stabilization in the global economy and financial markets this week.
British Pound Technical Outlook
Having exceeded 1.5356, the short term bearish GBPUSD bearish count was eliminated. There is no change to the bigger picture pattern in which wave 4 within the 5 wave decline from the 2007 high is nearing completion.


