Forex

25 Years of Decline for the U.S. Dollar vs the Japanese Yen

The U.S. dollar index touched its 200-day moving average with the kind of precision only a technician can love. *Chart created using TeleChart: I keep waiting for (and betting on) the dollar to get a nice relief bounce against the yen, but the dollar’s near straight-line descent has been the main story. While I wait … Read more

Another Critical Juncture for the U.S. Dollar Index

Here we are again: The U.S. dollar index looks ready to test its 200-day moving average (DMA). The near unrelenting selling of the dollar against all the major currencies has left the currency grasping for its believers. A surprisingly strong jobs number on Friday, might, just maybe, provide a catalyst for some kind of relief … Read more

British Pound Toys with a Breakout Versus the U.S. Dollar

The British pound’s bounce from May’s 14-month lows versus the U.S. dollar has surpassed all my expectations. The currency has stumbled at key resistance points as expected, but the trend upward has been persistent and undeniable. The pound has followed a steep channel straight up. The pound is now sitting right at its 200-day moving … Read more

British Pound Decisively Breaks Downtrend

The British pound continues its steady ascent from 14-month lows versus the U.S. dollar. This feat is not as remarkable as it could have been given the dollar’s steady descent against all major currencies since June. However, both fundamental and technical developments continue to favor even higher levels. Three weeks after dropping my bearish bias … Read more

Euro Weakness Boosts European Economies

I have often wondered whether Germany’s initial reticence to help the Eurozone solve its debt problems was “engineered”, in part, to devalue the euro from its suffocating highs in 2009. We will likely never know for sure, but the euro’s remarkable slide in 2010 has apparently generated impressive economic results, especially in Germany. There is … Read more