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The Dollar is on the Ropes, Again

The final week of July saw mixed price action among asset classes, as better than expected data from outside the US was mostly offset by weaker US data. US stocks finished slightly weaker while the MSCI world stock index gained...

$/Cad, at Base of 3 Month Pattern

No change in the view in $/cad as the market continues to form a large pennant/ triangle since the April low at .9935. As been discussing for quite some time, these are seen as continuation patterns, suggesting an eventual downside...

USD/CAD Potential Triangle Break

Price action on USD/CAD (a daily chart of which is shown) as of Friday (7/30/2010) has once again hit the bottom of a large triangle consolidation pattern after having traded just below key 1.0400 resistance for the entire week. This...

USD/JPY Falls to Lowest Level This Year

The dollar was higher against the euro on Friday but lower versus other major currencies. US GDP rose at a 2.4% annualized pace in Q2 2010. While Q1 GDP was revised higher, estimates back to 2007 were revised lower. The...

US GDP and a Preview of Next Week’s US Releases

In today’s video we dissect the 2nd quarter GDP results and what it means for the US recovery. The economy grew a smaller than expected 2.4% annualized rate. We also cover the important releases to look out for next week.

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Forex: USD/JPY ends month below 87.00, first time in 15 years

FXstreet.com (Córdoba) – The Yen rose for the third consecutive month against the Dollar and...

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Obama Boasts About Auto Bailout Results In Detroit

President Barack Obama Friday sought to rally support around the government intervention to keep General Motors and Chrysler afloat. Obama, speaking during visits to GM and Chrysler plants in Michigan, sought to highlight the benefits to workers at the now-revived companies...

Forex: EUR/USD posts first monthly gain since November of 2009

FXstreet.com (Córdoba) – The Euro finished higher on July against the Dollar and reached the first...

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The Weekly Bottom Line

This week Europe caught some wind in its sails, with good news blowing from several quadrants. Indicators showing better than expected results began to accumulate a week ago with the release of strong second quarter GDP data for the United...

Forex: USD/CHF posts the lowest weekly close since January

FXstreet.com (Córdoba) – The Swiss Franc reached new 6-month highs against the Dollar on Friday and...

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