Over the last twelve months, the overwhelming majority of major world currencies gained ground against the U.S. dollar. In fact, world currencies didn’t just garner marginal appreciation… they... read more »
The lack of US data helped the dollar run on new concerns stemming from a new chapter in the Greek saga and softness in U.S. equities. The biggest loser by far against the dollar was the pound which... read more »
The USDCAD has moved to new lows at 1.0061 (trendline support). It is hard to see the USDCAD not testing parity soon. The upside should be contained by1.0097 now. read more »
As we have seen from the price action in the forex markets today, what is good for U.S. equities is not necessarily good for the U.S. dollar. The Dow Jones Industrial Average climbed to a 17 year... read more »
The EURUSD has remained under pressure on the back of the Greece funding situation. The cost is too high (+310 basis points over comparable German bond yields) and they do not want to go to the IMF... read more »
Last week, I wrote that shorting AUD/NZD is my favorite trade. At that time, I said that if the currency pair rallies back above 1.31, then the uptrend has resumed and my call is wrong. However,... read more »
If you are wondering why the Fed did not remove the pledge to keep interest rates at an extremely low level for an "extended period" of time yesterday, just take a look at this morning's... read more »
The Chinese new year has only just started, and already trade tensions are ratcheting up. This is perhaps appropriate - astrologers tell us that the year of the Tiger is often a year of instability... read more »
The EURUSD inched to a new move high reaching 1.3817. Since then the price has moved back lower and the pair stands below the close from yesterday at the 1.3775. The price is also now... read more »
The GBPUSD has moved up sharply over the last few hours after falling earlier on concerns about the debt situation in the UK. The price is up testing the lows prior to the fall... read more »
