DJ Forex Focus
Confidence in the dollar has been damaged.
0 comments A sterling rally back over $1.50? Forget it.
0 comments A good June doesn't mean that the euro will have a good July.
0 comments No one seems to be celebrating after China dropped its currency peg to the dollar.
0 comments Since the brief spike to just under Y93.00 in early June, dollar/yen seems to have spent every day pivoting around Y91.50. No matter what is happening to the dollar or the euro, the yen steadfastly refused to leave its Y91-Y92 comfort zone.
0 comments The fun starts here for sterling, as the clock ticks down towards the UK's emergency budget next Tuesday. This is the time when we start getting leaks about what new Chancellor of the Exchequer George Osborne is about to reveal. The weekend press will no doubt be full of them.
0 comments The euro has gained of late, but it has looked rather like a tired man running up an escalator that's heading down. Since the troubled single European currency sank to a four-year low against the dollar earlier this month, it has rallied by over 3.5%.
0 comments The clock is ticking towards the week's biggest event for the currency markets. Never mind the Greek downgrade, U.K. inflation data and the biggest drop in German economic sentiment since Lehman Brothers collapsed.
0 comments How long can the dollar keep this up? For weeks now, the U.S. currency has been unable to do any wrong as far as investors are concerned.
0 comments Only the very brave will keep on buying the euro. Sure, if the single currency has another stab at breaking over technical resistance at $1.2150, it could find some momentum to rally a little further.
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