DOLLAR: The Dollar has found its footing and regained upside momentum early today to post a solid gain and reach its highest price level since its post-payrolls nosedive. While it may still be a second choice to the Yen as a safe-haven destination, the Dollar is starting to benefit from a risk-averse mood that is […]
Tag Archives | Pound
DOLLAR: The path of least resistance is pointing upward in the Dollar with the Euro zone Factory orders falling to the lowest level in 12 months overnight. We suspect that the Dollar is being limited by dovish Fed commentary overnight and also by somewhat favorable Euro zone January jobless readings. With a flurry of US […]
DOLLAR: A short tern overbought condition in the Dollar should leave the currency vulnerable to US scheduled data flows and commentary from the Fed’s Fischer. The trade and talking heads are wondering if the Fed acknowledges developing weakness in the US economy and if the Fed will acknowledge the potential headwinds from international conditions. Undermining […]
DOLLAR: The good news for the Dollar bulls is the Dollar has forged a fairly significant setback from the early December highs and that should make no move from the Fed less injurious. We think the Dollar needs a hike to avoid a sharp range down extension. In fact, excluding the Fed from the equation […]
DOLLAR: The Dollar appeared to be vulnerable to a downside breakout yesterday but the surprise Chinese devaluation move is a game changer. We have to worry that the Chinese move will not be left un-countered as other countries will bristle at the Chinese attempt to borrow growth from abroad. In fact, given the Chinese move […]
DOLLAR: The Dollar ranged up sharply in the face of the Greece derailment but surprisingly the Dollar was unable to hold the brunt of those gains into the US early trade. Limiting the Dollar gains is talk that the ECB stands ready for additional talks and the talk of additional emergency funding by Wednesday. With […]
While the tone of recent US economic data was improved by Tuesday’s ISM number, overseas risk concerns remain the Dollar’s main source of support.