Dollar Back From The Dead
It is said that “a week is a long time in politics” but last week’s turmoil across all markets felt more like a lifetime! While secretive traders in Singapore were busy trying to take down a leading UK bank the commodity bubble temporarily burst as gold, silver, oil and soft commodities all fell [...]
Dollar Rout or Dollar Recovery?
Like most commentators I have run out of adjectives to describe the state of the dollar which has managed to fall to all time lows against the euro, yen and swiss franc. This extraordinary slide has prompted currency strategists at both Goldman Sachs and Morgan Stanley to place the dollar on “intervention watch” as [...]
Dollar Trend
Despite better than expected TIC data - US investments hit $114b - a level not seen since May this year the dollar has not risen against the euro and pound by as much as i would have expected. Even though this data lags by 2 months the numbers can affect trader sentiment and if [...]