Monday, May 24, 2010 Yawn, stretch, yawn.  I think the market took a long weekend after wearing itself out this past month.   Though I don’t think the USD rally is over, it is clearly overbought and time for a pause.  The economic calendar was kind enough to accommodate with a light schedule of releases, with [...]

Monday, May 17, 2010 There was no economic reason for the Euro to pullback, though it was due for a pause after last week’s emotional sell off.  It didn’t hesitate to push through old lows, however and stayed below the highly psychological level of 1.25 giving more reason to believe the market was on board [...]

Monday: The Euro experienced a much needed and well timed recovery thanks to Germany’s phenomenal bump in Exports from 5.1% to 10.7%, crushing the market’s expectation of 3%.  The gains couldn’t out pace the fear facing the market under such strained conditions, for the Euro specifically one word:  Greece. Driven by more risk aversion the [...]

Fundamental Report for Week of May 2, 2010 Monday Overall, the USD stayed steady after some early NY Session buying, the exceptions being in the Loonie, on a pullback and the Kiwi which seemed to strengthen on fundamentals alone. Kiwi made significant gains on a large jump in commodity prices from 1.8% to 4.9% which [...]

Fundamental Report for Week of April 25, 2010 Monday: Relatively slow news day with one shining spot for the USD.  The Dallas Fed Manufacturing Activity that measures the overall business climate for Texas’ manufactures jumped from 7.2% to 21.1%.  This wasn’t really enough to move the market on its own, but could be a good [...]

 My goodness, it has been (yawn) so slow so far this week.  We had a good gap on Sunday which seemed to set us up for a motivated market, but here we are (yawn) still waiting.  Market seems to have stuffed its Euros under the mattress while the good news/bad news tug of war goes [...]

Monday I wrote a post regarding American consumerism being on the rise during times where the jobless numbers are still unsteady. Well, I wasn’t the only one to recognize the definitive upward swing of US Consumerism, after all consuming is what we do best.  /:| James Politi and Jonathan Birchall bylined an article in today’s [...]

Looks like we’re in low volume/high volatility conditions like we talked about yesterday.  Very difficult to predict movement however we can see that there are a few pairs that did move and are showing signs of tiring and if they moved once, I’m willing to watch them again. GBP/USD:  Left its consolidation area and has [...]

Led by long held low interest rates, the US has seen a pretty steady decrease in consumer debt over the past 10 months or so.   While savings accounts have risen a hair in that time it has become clear that American’s have taken their own, hard-earned, lesson from this global-scale financial meltdown and have steadily paid off [...]

Big Money is buying dollars hand over fist at the moment, especially against the Euro and the Cable.  Investors have good reason to buy USD.  The earthquake in Chile, the interest rate decisions for the Bank of Canada (Tuesday) and the Bank of England (Thursday), combined with this Friday’s US Non-Farm Payroll report give the [...]