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O&F FOREX News & ViewsBy: Head Trader, Derek Frey August 18, 2008 Quick Links Register Now Related Topics About the Author General Market Comments: We continue to see higher than “normal” levels of volatility. The Dollar continues to find and hold support levels and maintain its rally. The underlying fundamentals, however, do not support this strength.…
This week we have another round of data points coming out. We have GDP on Thursday and then the all important NFP report on Friday. We expect the Dollar to continue to stage a bounce and we are overall buyers of dips in the Dollar against the majors. Now that oil has backed off of…
Commodities continue to be mixed though we are nearing a point in the summer where we are expecting a bit of bounce to come across most of the commodities markets. In particular we are looking for both Grains and Energy sectors to stage a brief rally in the weeks ahead. We are not calling for…
This week we are looking at consolidating the gains made last week. The S&P 500 staged an impressive bounce off of support levels and needs to consolidate those gains if it is ultimately to follow through. We expect it will follow through even in the face of still relatively high crude oil prices. I mention…
Commodities continue to consolidate as we have mentioned in recent issues. We are now seeing even the leader, crude oil, back off from its highs. While we do not in anyway think the overall bull is dead we do suspect he is tired and looking for a mid summer nap. Freddie and Fannie seem to…
This week all eyes are focused on The BOE. Will they follow the lead of the ECB or continue to be the lapdog of the FOMC? We expect the ladder, while wishing for the former as we feel that is the right thing to do. We have a number of other important reports coming out…
This week we are seeing signs that some of the froth in commodities may finally be coming out. While we remain long term bulls of the overall commodity sector, we feel at this time that many of the commodities are overbought or in the case of energy, in a bubble. That is not to say…
General Comments: This week we have both a large amount of data coming out and a shortened week here in the States due to the 4th of July holiday on Friday. All eyes remain fixed on Crude Oil. The market very much expects Triche to raise rates later this week in an effort to slow…
The FOMC did nothing as expected. Really not much they can do but sit by and watch the destruction happen and wonder why. As if they were not the cause. The reason we are in this mess is simple. The devaluation of the Dollar is the culprit. Never in the history of recorded time has…
This week we are looking squarely at the summer doldrums. Markets are drifting more than anything else. We do not expect any abrupt change interest rate policy out of any major Central Bank anytime soon, so we do feel that many markets are currently a bit out of step with that idea. That presents us…
What a difference a week makes….. We saw the Dollar fall back to retest support. So far it has held but the real question is will it continue to hold. We see more reasons for it not to hold than for it to hold so at best we remain cautious. If the Dollar does break…
O&F FOREX News & ViewsBy: Head Trader, Derek Frey June 9, 2008 Quick Links Register Now Related Topics About the Author General Market Comments: This week we continue with a full schedule of upcoming data announcements. We have both BoJ and BoC meetings this week. Both are expected to fall in line with the other major…