Cable Continues To Strangle the Dollar
Just like the euro, the British Pound too is refusing to oblige and fall against the US dollar and is back at levels last seen in January. This is despite the UK economy hitting a brick wall as a result of the credit crunch, a collapsing housing market and a lame duck government. [...]
Euro Refuses to Fall
Mid year look at euro dollar: despite optimism from dollar bulls and mutterings from eurozone politicians the euro shows little sign of wanting to retreat from the 1.6 level. Indeed weekly and monthly charts simply confirm there is no “top” in sight and we are merely consolidating before climbing higher. [...]
Will Mid Year Dollar Woes Continue?
While clearing out some old papers I came across a collection of currency predications for 2008 which I would now like to share with you. I should add that I have no idea where I obtained this data but it made fascinating reading and a good excuse for a quick mid year review of [...]
Euro Bull Charge Runs Out of Steam
The Euro bull charge was stopped dead in its tracks yesterday with the daily euro vs dollar chart ending with a large bearish engulfing candle. This downturn has been despite the ECB raising rates to 4.25% and poor nfp numbers. In forex a hike in interest rates is usually seen as [...]