Forex Crunch » forex overview

Credit Crunch is back in town – weekly roundup

Yohay — Fri, 27 Nov 2009 18:27:06 +0000

The week splits to two parts: before the Dubai crisis and after it. The first part saw a falling dollar across the board with new records in some currencies. The second part saw a very sharp reverse move, that saw a reversal of its own today. Fear took over the markets on Thanksgiving. Does today’s stabilization mark a return to normal? Will the dollar continue to fall as usual? Let’s see how different currencies performed this week.

The US dollar index is at about 75, lower than last week’s close, but it was already in a much worse state, at 74.17 before the Dubai crisis. This strong move by the dollar after the Dubai crisis, is similar to the comeback of the greenback, at the same time last month. Let’s see the different currencies:

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Dollar fights back – weekly roundup

Yohay — Fri, 20 Nov 2009 18:54:25 +0000

The dollar isn’t giving up so easily. This sent some currencies down, while others are stuck in a range. Bernanke’s speech at the beginning of the week was quite confusing, but his mention of the currency markets moved the them. Only the Yen gained against the greenback. Let’s see which currencies did better than others.

The US dollar index made a nice rise this week, moving from 74.82 to 75.66, somewhat stopping the landslide. The comeback of the greenback, that was very strong two weeks ago, was probably more than a short episode:

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More world growth – more dollar squeeze – weekly roundup

Yohay — Fri, 13 Nov 2009 19:06:31 +0000

The dollar finishes the week lower, after a confusing week. Now that Europe is also out of recession, the dollar’s safe haven attraction has faded, and the high American unemployment rate is forgotten. Each currency takes this weakness differently. Here’s an overview of this week in forex trading.

The dollar fell instantly at the beginning of the week, and didn’t manage to close the gap. The US dollar index fell from 75.77 to 75.20 at the time of writing, close to the close. It now looks more clear: the comeback of the greenback two weeks ago was probably a short episode.

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Dollar retreats despite fears from job market – weekly roundup

Yohay — Fri, 06 Nov 2009 18:22:37 +0000

The dollar finishes the week lower against most currencies this week. The fear that ruled last week wasn’t fueled by the terrible American job market, and the blurry rate decision by the Fed. The horizon isn’t clear with this jobless recovery. Here’s an overview of this week in forex trading.

The US Dollar Index retreated this week from 76.21 to 75.74, similar to the close about two weeks ago, before last week’s big comeback. It’s hard to say that last week’s surge was a short episode, or that this week’s stall was only temporary.

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Dollar Wins the week big time – Are the tables turning?

Yohay — Fri, 30 Oct 2009 18:57:02 +0000

This was the week of the dollar, making a strong corrective move across the board. This temporarily halted with the release of the good GDP from the US, but risk appetite was soon replaced with fear. Fear started the week and and fear closed it.

The US dollar index rose from 75.30 to 76.26 at the time of writing, close to the close. The dollar hit the brakes on the big downhill trend seen since mid-March. Is it a temporary stop? Or does it signal a change?

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