DJ Forex Focus
That should have been the Swiss National Bank's last hurrah. For over a year now, the Swiss central bank has been intervening to stop its franc from rising too fast against the euro.
0 comments The New Zealand dollar will no doubt resume its slide against the dollar later this year. The growing risk of a Chinese yuan appreciation and rising speculation that the time has come for the U.S. to start raising its interest rates will eventually take their toll.
0 comments Is the euro set for a nasty blowout? That is the question taxing players in the currency market as they watch Greek bond yields head higher again.
0 comments The pound may prove to be a "buy" once the U.K. general election is over but there is little sign of that just yet. If anything, the U.K. currency still looks a "sell" on any bounce.
0 comments The yen finally looks ripe for a breakout on the downside. After being stuck in a narrow trading range against the dollar for most of this year, the Japanese currency appears ready to succumb to a steady increase in selling pressure.
0 comments The Canadian dollar may have spent all of last week sinking but it is still very much a buy. Parity against the U.S. dollar is still very much in its sights and will be hit sooner rather than later--especially as investor fears of a Greek debt default have somewhat been allayed.
0 comments Sterling players should resist being lulled into a false sense of security. The pound may be bouncing a little in the wake of an apparent agreement by the euro zone and the International Monetary Fund late Thursday to help Greece if needed, but this bounce may not last long.
0 comments The Swiss National Bank is finally letting go of the Swiss franc. Yes, the bank may still jerk the currency's reins through intervention if the franc starts to rise too rapidly.
0 comments There is little chance that today's U.K. budget will help sterling. It will more likely just determine the pace of the currency's decline. In itself, the budget will be of little consequence.
0 comments The scope for further euro losses is growing as hopes for an early resolution to Greece's debt problems fade. Chances are that negotiations will now drag on until the bitter end, with a rescue package emerging in one form or another only when Greece is on the brink of default.
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