US Dollar a Natural Short but also a Fundamentally Loaded Currency

By Admin on January 28, 2012

Fundamental Forecast for the US Dollar: Bearish Fed extends its forecast for holding interest rates near zero through 2014 US GDP misses expectations, finds an unhealthy boost from inventory building USDollar marks a critical thrust lower into the close of the week The dollar has been hammered over the past two weeks. A lot of [...]

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Forex Trading Weekly Forecast – 01.30.2012

By Admin on January 28, 2012

US Dollar a Natural Short but also a Fundamentally Loaded Currency Euro Takes out Highs, Aims for $1.35 – Does Rally Have Staying Power? Japanese Yen Strength At Risk As Intervention Threats Resurface British Pound Looks to EU Debt Crisis Fix Efforts for Direction Cues Gold On Pace for Strongest Month Since August Ahead [...]

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New Zealand Dollar Overbought, Fundamentals To Fuel Major Correction

By Admin on January 28, 2012

Fundamental Forecast for New Zealand Dollar: Bearish NZDUSD: Bulls Meet Key Resistance Level New Zealand Dollar at Short Term Channel Resistance New Zealand Dollar Little Changed as RBNZ Keeps Rates on Hold The New Zealand dollar extended the advance from earlier this month to mark a fresh yearly high of 0.8249, but we may see [...]

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Australian Dollar Remains Tethered to Global Risk Trends

By Admin on January 28, 2012

Fundamental Forecast for Australian Dollar: Neutral Australian Dollar Rally Stalls at Channel U.S. Dollar Index Holds Trendline Support, Aussie Overbought The Australian Dollar posted another strong week against the U.S. Dollar, gaining 1.60 percent the past five days. Quizzically, despite the Australian Dollar being the highest yielding major currency that we track at DailyFX, it [...]

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Canadian Dollar Outlook Turns Bearish

By Admin on January 28, 2012

Fundamental Forecast for Canadian Dollar: Bearish – Canadian Dollar Focus is on 200 Day Average – Canadian Dollar Forecast to Strengthen The Canadian Dollar had a modestly strong week, climbing 1.1 percent against the U.S. Dollar, though it lagged the other commodity currencies. Its commodity comrades, the Australian and New Zealand Dollars, gained 1.63 percent [...]

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