http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-10-29.htmlPast Week's Data and Events The excesses of this unfinished decade are being rectified aggressively, and the pendulum is swinging hard from high-flying over-leveraged free for all trading to the other pole. The VIX has soared to record highs while rumors fuel panic. The high volatility permeated the FX markets as well, but not the panic of a bleak future that affects stocks. As the US financial system is shrinking, the need for dollars remains high, and this demand reversed a long-termWed, 29 Oct 2008 06:27:59 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-10-29.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-10-29.htmlPast Week's Data and Events The excesses of this unfinished decade are being rectified aggressively, and the pendulum is swinging hard from high-flying over-leveraged free for all trading to the other pole. The VIX has soared to record highs while rumors fuel panic. The high volatility permeated the FX markets as well, but not the panic of a bleak future that affects stocks. As the US financial system is shrinking, the need for dollars remains high, and this demand reversed a long-termWed, 29 Oct 2008 06:27:59 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-10-29.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-10-20.htmlPast Week's Data and Events The financial crisis has only started and the wild gyrations in the stock markets may provide better levels to liquidate stocks. Hedge funds and pensions funds will probably face further distress. The outlook is extremely grim. But we focus on currencies, and this is and will remain the island of profitability for months and probably longer. The dollar should remain strong in the medium to long term, especially versus the European and the commodity currencies. ButMon, 20 Oct 2008 08:01:15 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-10-20.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-10-20.htmlPast Week's Data and Events The financial crisis has only started and the wild gyrations in the stock markets may provide better levels to liquidate stocks. Hedge funds and pensions funds will probably face further distress. The outlook is extremely grim. But we focus on currencies, and this is and will remain the island of profitability for months and probably longer. The dollar should remain strong in the medium to long term, especially versus the European and the commodity currencies. ButMon, 20 Oct 2008 08:01:15 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-10-20.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-10-13.htmlPast Week's Data and Events The crisis affecting the financial markets, especially in the US, is unprecedented. The house of cards built over many years on unreasonably cheep money, financial fraud, power abuse and lack of competent regulation has been blown away. The force of gravity always works, even if it takes longer than normal to assert itself. Those responsible for this historical disaster will remain largely unpunished and most of them will actually be rewarded. And so it goes. WithMon, 13 Oct 2008 12:19:50 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-10-13.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-10-13.htmlPast Week's Data and Events The crisis affecting the financial markets, especially in the US, is unprecedented. The house of cards built over many years on unreasonably cheep money, financial fraud, power abuse and lack of competent regulation has been blown away. The force of gravity always works, even if it takes longer than normal to assert itself. Those responsible for this historical disaster will remain largely unpunished and most of them will actually be rewarded. And so it goes. WithMon, 13 Oct 2008 12:19:50 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-10-13.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-10-06.htmlPast Week's Data and Events The demand for funding out of Europe and ongoing liquidation of yen crosses pushed the dollar sharply higher versus the European currencies last week. While profit taking should be seen this week, the outlook for the currency remains strong. The risk to it is the equity markets, which have fallen sharply and should sink further, despite the no short-selling rule for financial stocks. United States All in not well on our financial body. The organs seem to be inMon, 06 Oct 2008 12:39:06 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-10-06.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-10-06.htmlPast Week's Data and Events The demand for funding out of Europe and ongoing liquidation of yen crosses pushed the dollar sharply higher versus the European currencies last week. While profit taking should be seen this week, the outlook for the currency remains strong. The risk to it is the equity markets, which have fallen sharply and should sink further, despite the no short-selling rule for financial stocks. United States All in not well on our financial body. The organs seem to be inMon, 06 Oct 2008 12:39:06 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-10-06.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-09-29.htmlPast Week's Data and Events With the US financial world topsy turvy and with its jewels up for sale at fire prices all eyes on Monday will be on the US Congress and its political games in ratifying the Treasury's Troubled Asset Relief Program (TARP). This is not the time for games and details are very important. The money market is broken and on this milieu, currencies took a back seat to other asset classes. The dollar is lacking much direction, but given the illiquid trading conditions andMon, 29 Sep 2008 13:11:05 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-09-29.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-09-29.htmlPast Week's Data and Events With the US financial world topsy turvy and with its jewels up for sale at fire prices all eyes on Monday will be on the US Congress and its political games in ratifying the Treasury's Troubled Asset Relief Program (TARP). This is not the time for games and details are very important. The money market is broken and on this milieu, currencies took a back seat to other asset classes. The dollar is lacking much direction, but given the illiquid trading conditions andMon, 29 Sep 2008 13:11:05 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-09-29.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-09-23.htmlPast Week's Data and Events The dollar encountered unprecedented lack of liquidity last week (as only cable was affected in 1992/1993 and dollar/yen in 1998) as FX took a secondary position behind classic assets. The government didn’t save the day, but the year and probably the decade with an unprecedented operation to remove toxic assets from banks’ books and allow them to live and fight another day. There were other complex measures, but the bottom line is that we can re-start living ourTue, 23 Sep 2008 12:23:19 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-09-23.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-09-23.htmlPast Week's Data and Events The dollar encountered unprecedented lack of liquidity last week (as only cable was affected in 1992/1993 and dollar/yen in 1998) as FX took a secondary position behind classic assets. The government didn’t save the day, but the year and probably the decade with an unprecedented operation to remove toxic assets from banks’ books and allow them to live and fight another day. There were other complex measures, but the bottom line is that we can re-start living ourTue, 23 Sep 2008 12:23:19 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-09-23.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-09-15.htmlPast Week's Data and Events Volatility increased last week amid waves of financial turmoil. The problems of Fannie Mae and Freddie Mac seem to be in a distant past, even though it’s been only days since they were bailed out by the government, as the world shifted its focus in the sinking fortunes of Lehman Brothers, Merrill Lynch and AIG. And other big names are being mentioned more and more frequently in the same vein. With commodities under pressure, the oil probed the psychologicalMon, 15 Sep 2008 06:23:24 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-09-15.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-09-15.htmlPast Week's Data and Events Volatility increased last week amid waves of financial turmoil. The problems of Fannie Mae and Freddie Mac seem to be in a distant past, even though it’s been only days since they were bailed out by the government, as the world shifted its focus in the sinking fortunes of Lehman Brothers, Merrill Lynch and AIG. And other big names are being mentioned more and more frequently in the same vein. With commodities under pressure, the oil probed the psychologicalMon, 15 Sep 2008 06:23:24 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-09-15.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-09-08.htmlPast Week's Data and Events The dollar rallied big across the board and the surge started in a sneaky way during the Labor Day holiday. This upmove reflects mainly liquidation of long-term short dollar positions. The burst of the commodity bubble helped, but let’s not get carried away while a barrel of oil still costs more than $100. Only dollar/yen collapsed because of ongoing long liquidation of yen crosses, including carry trades. But mind you, only the dollar and the yen can rally whileMon, 08 Sep 2008 06:05:43 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-09-08.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-09-08.htmlPast Week's Data and Events The dollar rallied big across the board and the surge started in a sneaky way during the Labor Day holiday. This upmove reflects mainly liquidation of long-term short dollar positions. The burst of the commodity bubble helped, but let’s not get carried away while a barrel of oil still costs more than $100. Only dollar/yen collapsed because of ongoing long liquidation of yen crosses, including carry trades. But mind you, only the dollar and the yen can rally whileMon, 08 Sep 2008 06:05:43 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-09-08.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-09-03.htmlPast Week's Data and Events The US currency made little overall progress during the past week, but retained its previous gains. It was the last week of official vacation and few traders were looking to cut new paths. Commodities are at a crossroads and the logical direction for the oil remains up in the medium term, while the credit crunch is worsening by the day. It is more of a question of which economy is going to melt faster, the one in the US or that in the Eurozone economy, and until theWed, 03 Sep 2008 07:12:38 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-09-03.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-09-03.htmlPast Week's Data and Events The US currency made little overall progress during the past week, but retained its previous gains. It was the last week of official vacation and few traders were looking to cut new paths. Commodities are at a crossroads and the logical direction for the oil remains up in the medium term, while the credit crunch is worsening by the day. It is more of a question of which economy is going to melt faster, the one in the US or that in the Eurozone economy, and until theWed, 03 Sep 2008 07:12:38 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-09-03.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-08-25.htmlPast Week's Data and Events The US currency consolidated during the past week and the same should happen during the last week of August and ahead of the Labor Day holiday. The geopolitical pressures have (officially) alleviated, but all eyes should remain on commodities. The dollar remains overbought in the short term, but any corrective decline this week should be brief and shallow. This is because most of the market missed buying dollars on July 22 and is waiting for the second chance.Mon, 25 Aug 2008 06:59:03 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-08-25.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-08-25.htmlPast Week's Data and Events The US currency consolidated during the past week and the same should happen during the last week of August and ahead of the Labor Day holiday. The geopolitical pressures have (officially) alleviated, but all eyes should remain on commodities. The dollar remains overbought in the short term, but any corrective decline this week should be brief and shallow. This is because most of the market missed buying dollars on July 22 and is waiting for the second chance.Mon, 25 Aug 2008 06:59:03 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-08-25.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-08-18.htmlPast Week's Data and Events The US currency marched higher during the past week in a stampede and even the yen fell prey, despite benefiting intermittently from liquidation of carry trades. The Eurozone, UK and Japanese economies having lagging the US economy is starting their decline and this places the dollar in a position of relative strength. Unless the commodities slow down their descent, the dollar seems primed for more gains. United States The dollar recovered more of its unwarrantedMon, 18 Aug 2008 08:03:11 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-08-18.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-08-18.htmlPast Week's Data and Events The US currency marched higher during the past week in a stampede and even the yen fell prey, despite benefiting intermittently from liquidation of carry trades. The Eurozone, UK and Japanese economies having lagging the US economy is starting their decline and this places the dollar in a position of relative strength. Unless the commodities slow down their descent, the dollar seems primed for more gains. United States The dollar recovered more of its unwarrantedMon, 18 Aug 2008 08:03:11 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-08-18.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-08-11.htmlPast Week's Data and Events The US currency exploded higher last week and this confirms it put in a significant bottom. The US economy is in recession and the housing sector is in disarray, but the rest of the world is only starting to get the contagion and it will be ugly. Commodities have started to be liquidated and I believe there are more positions to be closed. The dollar has much more to go and I suspect any weakness would provide opportunities to buy it on the cheap. United States TheMon, 11 Aug 2008 12:42:02 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-08-11.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-08-11.htmlPast Week's Data and Events The US currency exploded higher last week and this confirms it put in a significant bottom. The US economy is in recession and the housing sector is in disarray, but the rest of the world is only starting to get the contagion and it will be ugly. Commodities have started to be liquidated and I believe there are more positions to be closed. The dollar has much more to go and I suspect any weakness would provide opportunities to buy it on the cheap. United States TheMon, 11 Aug 2008 12:42:02 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-08-11.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-08-04.htmlPast Week's Data and Events The US currency rallied further last week versus the European and commodity currencies as the market is starting to understand that economic and financial problems from the US are spreading hard and fast outside our country. Talk of decoupling is not a real option in today’s small world and the rest of the world has fewer tools than the US to deal these types of imbalance. The dollar should see strength this week as well. United States The dollar paid littleMon, 04 Aug 2008 06:11:03 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-08-04.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-08-04.htmlPast Week's Data and Events The US currency rallied further last week versus the European and commodity currencies as the market is starting to understand that economic and financial problems from the US are spreading hard and fast outside our country. Talk of decoupling is not a real option in today’s small world and the rest of the world has fewer tools than the US to deal these types of imbalance. The dollar should see strength this week as well. United States The dollar paid littleMon, 04 Aug 2008 06:11:03 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-08-04.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-07-28.htmlPast Week's Data and Events The US currency ended the week higher, as soft data had already been priced in, and some decent data and earnings (read not as bad as expected) triggered profit taking on short positions. And a declining oil, which barely failed to reach $150/gallon, provided unwarranted optimism. The US economy is in a recession and there is no remedy on the horizon. The dollar should struggle higher for a little longer before the next big decline. United States The dollar postedMon, 28 Jul 2008 06:24:00 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-07-28.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-07-28.htmlPast Week's Data and Events The US currency ended the week higher, as soft data had already been priced in, and some decent data and earnings (read not as bad as expected) triggered profit taking on short positions. And a declining oil, which barely failed to reach $150/gallon, provided unwarranted optimism. The US economy is in a recession and there is no remedy on the horizon. The dollar should struggle higher for a little longer before the next big decline. United States The dollar postedMon, 28 Jul 2008 06:24:00 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-07-28.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-07-21.htmlPast Week's Data and Events The US currency finished the week on a decent note, after being able to either fully reverse or at least reduce earlier losses. A pullback in the oil price and the stock indices provided an island of peace. Washington worked hard to put on a façade of normalcy on the financial disaster that has been eating away wealth and threatened a worldwide depression. It worked last week. The dollar remains weak in the medium term, but if the oil drops below $125/gallon,Mon, 21 Jul 2008 08:42:05 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-07-21.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-07-21.htmlPast Week's Data and Events The US currency finished the week on a decent note, after being able to either fully reverse or at least reduce earlier losses. A pullback in the oil price and the stock indices provided an island of peace. Washington worked hard to put on a façade of normalcy on the financial disaster that has been eating away wealth and threatened a worldwide depression. It worked last week. The dollar remains weak in the medium term, but if the oil drops below $125/gallon,Mon, 21 Jul 2008 08:42:05 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-07-21.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-07-14.htmlPast Week's Data and Events Geopolitical and systemic risk, along with the fundamental change in energy costs, pressured the dollar during the past week, but only the euro and the Australian dollar surged. Sunday brought some sort of solution to the problem, so the US currency has a good chance to make at least a minor recovery. But keep an eye on the shaky S&P 500. United States The dollar has been on the defensive during the past week amid a growing load of significant problems, but mayMon, 14 Jul 2008 07:28:38 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-07-14.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-07-14.htmlPast Week's Data and Events Geopolitical and systemic risk, along with the fundamental change in energy costs, pressured the dollar during the past week, but only the euro and the Australian dollar surged. Sunday brought some sort of solution to the problem, so the US currency has a good chance to make at least a minor recovery. But keep an eye on the shaky S&P 500. United States The dollar has been on the defensive during the past week amid a growing load of significant problems, but mayMon, 14 Jul 2008 07:28:38 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-07-14.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-07-07.htmlPast Week's Data and Events The market remains divided about the next direction of the US currency, even though the weakness of the US economy clearly points south. But currency traders are looking forward, and the Eurozone and Japanese economies don’t look too hot either. With oil prices going up for a variety of real and fake reasons, the world economy is slowly getting chocked up. Expect violent moves in both directions, as directional confusion shouldn’t dissipate. United States The dollarMon, 07 Jul 2008 06:24:46 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-07-07.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-07-07.htmlPast Week's Data and Events The market remains divided about the next direction of the US currency, even though the weakness of the US economy clearly points south. But currency traders are looking forward, and the Eurozone and Japanese economies don’t look too hot either. With oil prices going up for a variety of real and fake reasons, the world economy is slowly getting chocked up. Expect violent moves in both directions, as directional confusion shouldn’t dissipate. United States The dollarMon, 07 Jul 2008 06:24:46 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-07-07.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-07-01.htmlPast Week's Data and Events The US currency looks to be in new trouble, as the equity indices plummet into recession and energy costs are out of control. The downside is favored this week, with the ECB expected to hike rates during a week shortened by the Independence Day on Friday, and the Fed may need to cut rates before hiking them. United States The Federal Reserve removed the odds of a rate hike to fight inflation, as the credit conditions worsen, unemployment rises and the DJIA spells itTue, 01 Jul 2008 05:56:27 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-07-01.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-07-01.htmlPast Week's Data and Events The US currency looks to be in new trouble, as the equity indices plummet into recession and energy costs are out of control. The downside is favored this week, with the ECB expected to hike rates during a week shortened by the Independence Day on Friday, and the Fed may need to cut rates before hiking them. United States The Federal Reserve removed the odds of a rate hike to fight inflation, as the credit conditions worsen, unemployment rises and the DJIA spells itTue, 01 Jul 2008 05:56:27 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-07-01.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-06-23.htmlPast Week's Data and Events The US currency was hit last week, and the easy explanation is that the US economy is on pretty bad shape. The economy is going to get in much worse shape, but the correlation with the dollar is not all that high. The European currencies remain in a tight trading range, while dollar/yen is stubbornly high. The dollar should indeed weaken, but getting married to your position may be dangerous to your health. United States The dollar closed the week lower amid a veryMon, 23 Jun 2008 06:21:34 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-06-23.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-06-23.htmlPast Week's Data and Events The US currency was hit last week, and the easy explanation is that the US economy is on pretty bad shape. The economy is going to get in much worse shape, but the correlation with the dollar is not all that high. The European currencies remain in a tight trading range, while dollar/yen is stubbornly high. The dollar should indeed weaken, but getting married to your position may be dangerous to your health. United States The dollar closed the week lower amid a veryMon, 23 Jun 2008 06:21:34 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-06-23.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-06-20.htmlPast Week's Data and Events The US currency mounted an aggressive rally during the past week, as the prospect of higher rates in the US, premature as it may be, awakened thoughts that the dollar was severely oversold. And dreams that the G8 meeting will somehow prop up the ailing dollar triggered some significant buying. Don’t get fooled by the fluff – the US economy remains in trouble, inflation is rampant, and we all have less money to spend unless we stop eating and driving. The dollarFri, 20 Jun 2008 06:58:50 GMThttp://www.fxstreet.com/fundamental/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/fundamental/market-view/weekly-forex-market-commentary/2008-06-20.htmlhttp://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-06-20.htmlPast Week's Data and Events The US currency mounted an aggressive rally during the past week, as the prospect of higher rates in the US, premature as it may be, awakened thoughts that the dollar was severely oversold. And dreams that the G8 meeting will somehow prop up the ailing dollar triggered some significant buying. Don’t get fooled by the fluff – the US economy remains in trouble, inflation is rampant, and we all have less money to spend unless we stop eating and driving. The dollarFri, 20 Jun 2008 06:58:50 GMThttp://www.fxstreet.com/technical/market-view/info@gftforex.com (GFT (Global Forex Trading))http://www.fxstreet.com/technical/market-view/weekly-forex-market-commentary/2008-06-20.html