- Overnight Interest Rate Update 02.09.10 Tue, 09 Feb 2010 05:24 GMT
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- UK Retail Sales Growth Worst in 15 Years in January, says BRC Tue, 09 Feb 2010 02:19 GMT
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- Feb, 04 US Dollar Forecast to Rally Further against Euro, British Pound
- Jan, 28 US Dollar Forecast Remains Bullish on Forex Crowd Sentiment
- Jan, 21 US Dollar Strength Likely to Continue According to Forex Sentiment
- Jan, 14 US Dollar Forecast to Lose Against British Pound, Canadian Dollar
- Dec, 30 US Dollar Forecast to Gain but Watch Illiquidity Risk
- Dec, 23 US Dollar Recovery Shows Signs of Exhaustion on Forex Sentiment
- Dec, 17 Forex Strategies Buy US Dollar on Trader Sentiment
- Dec, 10 Euro Forecast to Break Lower Against US Dollar
- Dec, 10 Forex Sentiment Points to US Dollar Gains
- Dec, 03 Euro Forecast Bullish on Extreme Forex Sentiment
- Nov, 26 Japanese Yen Forecast Bullish on Extreme Forex Sentiment
- Nov, 19 US Dollar Forecast To Bounce off of Range Lows
- Nov, 12 US Dollar Forecast to Bounce on Sentiment Shift
- Oct, 01 US Dollar Forecast to Rally versus Euro on Forex Sentiment
- Oct, 29 US Dollar Recovery Falters on GDP but Still on Track
- Oct, 22 US Dollar Forecast Remains Bearish on Forex Sentiment
- Oct, 22 US Dollar Forecast Remains Bearish on Forex Sentiment
- Oct, 15 British Pound Forecast to Rally further on Forex Sentiment
EURUSD – Euro Forecast Turns Short-Term Bullish vs Dollar
GBPUSD – British Pound Forecast Remains Positive
USDJPY – Japanese Yen Likely to Recover versus US Dollar
USDCHF – Swiss Franc Expected to Gain
USDCAD – Canadian Dollar Forecast Near Neutral
GBPJPY – British Pound Forecast to Gain vs Japanese Yen
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The US Dollar is once again threatening to break key lows against major forex counterparts, and short-term forecasts favor further losses. Yet as we pointed out earlier this week, we believe that the pace of US Dollar gains is likely to slow—not completely turn around. Indeed, we maintain that the Greenback has likely set its 2009 lows against the Euro and other key pairs, and the currency is likely to continue gaining on an unwind of overextended forex positioning. Through the very short-term, however, traders should be wary of strong volatility. Our contrarian forex positioning indicators signals short-term dollar losses are likely, but critical US Nonfarm Payrolls data on the horizon promises no shortage of volatility.
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