The US Dollar Slips To 14-Year Low Against The Japanese Yen

The once mighty Greenback has dropped to its lowest value against the Japanese currency since July 1995.

Trade Idea: USD/CHF – Sell at 1.0135

As the greenback has continued to edge higher after intra-day selloff to fresh 2009 low of 0.9910 partly due to active cross-selling in Swiss franc, suggesting further consolidation would be seen and although rebound to the Kijun-Sen (now at 1.0070) cannot be ruled out, renewed selling interest should emerge below…

Closing in on Official Shopping Season

The DJIA was flat Friday closing the day down just 14.28 points. The week saw the DJIA gain 9/10th of a percent while most Global Equity Markets finished the week in negative territory. The Greenback gained as risk was held in check as the DXY closed above 75.57 in the forex market, for the first ...

U.S. Market Update

The greenback remained vulnerable throughout the New York morning but managed to stay below the 1.50 level despite continued strength in crude and gold. Comments supportive of the dollar continue to emanate from global officials, although they are having less and less impact on markets. ECB Chief Trichet may have…

Trade Idea: USD/CHF – Sell at 1.0150

As the greenback is still under pressure after falling sharply from last Friday’s high at 1.0224, suggesting the recovery from 1.0035 has ended there and our bearishness remains for a retest of recent low at 1.0033, once this level is penetrated, this would confirm medium term downtrend has finally resumed…