Forex Weekly Trading Forecast - 05.21.2012
First we have seen the critical breaks towards risk aversion. Then we saw the emergence of momentum behind the deleveraging. Will we graduate to the next phase: panic?
Euro: Buying Time May Not Work This Time as Crisis Intensifies
There are many comparisons being made to current Euro-region market conditions and those back in the second quarter of 2010 when trouble just started brewing for Greece.
US Dollar Makes a Break to 16-Month Highs as Fear Creeps In
Though the benchmark currency eased back into the final 48 hours of this past trading week, the dollar nevertheless posted another impressive run through the entire period.
New Zealand Dollar to Follow Stocks on Euro Crisis, Global Growth Bets
Dollar Stumbles but Doesnt Break Trend Into Week End
The Dow Jones FXCM Dollar Index put in for its first two-day bearish performance in three weeks Thursday and Friday, but this was more a technical development than a trend change.