U.S. Dollar could be Forming Major Top

The U.S. Dollar traded sharply lower on Thursday, giving thefirst indication in weeks that the event driven rally may be coming to an end.Pressure was on the Dollar all day led by the strong turnaround in the Euro.Additional pressure came […]

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Dollar Down on Increased Demand for Risky Assets

Increased demand for higher risk assets is helping to drivedown the U.S. Dollar index at the mid-session. The Dollar is trading loweragainst most major currencies with the exception

European Union not the Euro May be the Issue

The Euro continued its slide on Tuesday and signs aredeveloping that indicate the problem is with the European Union and not theEuro. The market seems to be content

Start of Bailout Deployment Still Not Enough to Support Euro

Continuing concern over the Euro and worries over theviability of a single currency system is pressuring the EUR USD at themid-session. Earlier in the trading session, the Euro

Swiss National Bank Promises Decisive Action

The USD CHF posted a daily closing price reversal top onMonday and confirmed the pattern overnight. This type of formation sets up apossible correction back to 1.1184 to

Oversold Conditions help Euro Close Higher

Oversold conditions and the lack of fresh bearish newshelped the Euro turn around and close higher for the day. Fundamentally,nothing happened to change the minds of traders. Investors

Regaining “Lehman Low” could Trigger Euro Short-Covering

Traders continue to keep pressure on the Euro. The lack ofconfidence in the European Union continues to remain the major reason behindthe selling. Investors want clarity not just

Euro Traders Bracing for Test of “Lehman Low”

The EUR USD touched its lowest level since October 2008 onFriday as investors continued to pull out of the currency on the fear thatpolitical and economic problems will

Investors Divesting Out of Euros

The EUR USD fell to a new low for the year, in effect,wiping out the $1 trillion bet placed by the European Union over the week-end.Now that the

AUD USD Strengthens on Better Jobs Data

The Australian Dollar is firming up this morning after areport showed that the economy added a greater-than-expected 33,700 jobs inApril. This is good news for the Aussie because