The Dollar Prophecy: What the Surging US Dollar Signals for Global Equities
Overview Over the past 18 months, the inverse relationship between the US dollar and global equities markets has proven to be the single constant in an otherwise uncertain economic climate. When equities markets reached their nadir in March, 2009, the US dollar was sitting atop its highest levels, though much of that value would be… Continue Reading
Bank of Tokyo: Euro to Strengthen Against Loonie
Lee Hardman, a Forex strategist for the Bank of Tokyo, predicts a 5% rally for the euro against the loonie: Historical price trends suggest investors should buy the euro against the Canadian dollar with the shared currency likely to rally about 5 percent to C$1.45, according to the Bank of Tokyo-Mitsubishi UFJ Ltd. … “Euro-Canadian… Continue Reading
Barclays: EUR/CHF May Break 1.40
Barclays is predicting new all times lows for the EUR/CHF, according to a Bloomberg report: The euro may drop past the all-time low to 1.40 Swiss francs on the “inability” of the Swiss National Bank to halt its currency’s gain, according to Barclays Plc, citing technical indicators. The 16-nation currency may fall to that “psychologically… Continue Reading
Forex Playbook: March 21-27
Despite an overall rise for equities and commodities last week, including new highs on the Dow and S&P 500, risk aversion made a convincing return to the marketplace in late week trading. Expect the Euro to expand its decline on Greek debt concerns.
RBS Securities: Buy Chilean Peso
RBS Securities is advising clients to buy the Chilean Peso according to Bloomberg: Investors should buy the Chilean peso through the non-deliverable forwards market, as the currency will gain on non-governmental dollar inflows after last month’s earthquake, RBS Securities Inc. said. What’s that old saying? When there’s blood on the streets, buy property. I guess… Continue Reading
Daily Forex Signal: Short GBP/USD
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SocGen: USD/CAD to Break Parity
Bloomberg is reporting that Societe Generale SA expects the USD/CAD to break parity, possibly revisiting record levels: The Canadian dollar may push past parity with its U.S. counterpart and break through its 2007 record of $1.10 after the greenback breached a key support level, Societe Generale SA said, citing trading patterns. The U.S. dollar, which… Continue Reading
Daily Forex Signal: Short USD/CHF
Please visit the forum to view today’s forex signal on the USD/CHF. To view the signal, you must be a free registered member of Forex Playbook. Please login or register for free.
Forex Playbook: March 14-20
With the S&P 500 on the cusp of fresh highs, investors have regained their collective appetite for risk. Expect measured losses for the US Dollar in the coming week of Forex trading, as the spotlight shifts toward higher yielding assets.
Forex Playbook: October 18-24
As Wall Street stumbles at the 10,000 mark, the US Dollar remains at recent lows relative to its major counterparts. The coming week of trading will be pivotal for global investors, as a break higher in equities will signal continued weakness in the US Dollar in the intermediate term. Last Week’s Forex Playbook: +105 Pips
