Sep 10, 2011

Forex Crunch Will the Dollar Take a Break?

Forex Crunch Will the Dollar Take a Break?


Will the Dollar Take a Break?

Posted: 10 Sep 2011 01:21 AM PDT

The US Dollar Index had one of its strongest weeks in a long time. It jumped from under 75 to 77.2 points – the highest level in two months. Where will it go next? Here are the lines to watch out for and an analysis of the next moves. Perhaps it is time for a break before the next push higher.

The the current levels, the index isn’t far from a 7 month high, as seen on the graph.

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Forex Crunches for the Weekend – September 10

Posted: 09 Sep 2011 01:08 PM PDT

We had a once in a lifetime intervention by the Swiss authorities, roller coaster markets around Trichet’s press conference and lots of activity in the week that marked the return from summer holidays. The markets are now closed, and it’s time to enjoy some long term forex related articles for the weekend. Enjoy!

You don’t see a central banker lose his nerve every day. Jean-Claude Trichet definitely provided a great show, but this wasn’t too positive for the euro. The gloom and doom headlines continue to weigh on the common currency.

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