DJ Forex Focus
A strong Canadian dollar is here to stay for another month or two at least. After weeks of trying, the Canadian currency has finally made what appears to be a sustainable break through parity against the dollar.
0 comments Sterling continues to resist a strong political downdraft, possibly on hopes that all will come right in the end. At the moment, the political outlook couldn't be worse.
0 comments A Greek tragedy looks more likely now than ever before. With the cost of Greek funding still rising, now hitting the highest level in over 10 years, Athens will probably have little choice but to activate the EUR45 billion bailout from the European Union and the International Monetary Fund.
0 comments Blowing the euro/dollar down and out of its recent narrow trading range could take some time. Last week's news that Greece is about to seek an actual bailout on its debt is hardly good news for the euro.
0 comments Sterling is still waiting for reassurance that the Conservatives are going to win the May 6 election in the U.K.
0 comments Calls by Japan's ruling DPJ Party for a dollar up at Y120 may appear a bit excessive. But, the party may yet get much of what it wants. Pressure on the Bank of Japan to bend to the government's will and ease monetary policy will only intensify ahead of Upper House elections in July at the same time that normalization of policy in the U.S. becomes even more likely.
0 comments Euro/dollar bulls should give up at this stage. The Greek bailout they have waited two months for has finally arrived. But, it is hardly the model they had hoped for.
0 comments In an uncertain world, there is always the hope of eastern promise. In fact, with speculation over a Chinese revaluation rising by the day, the prospect of that eastern promise grows ever brighter.
0 comments As storm clouds gather over Europe, expect a sharp reversal of recent currency flows. The euro will come under even more severe selling pressure than it has in recent months and the large gains in higher-risk commodity and emerging-market currencies will soon be lost.
0 comments Beijing will soon have music for bears' ears. Yen and euro bears, that is.
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