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Week of 5/5/2008 -
The dollar put on a good performance last week in line with the stock indices on liquidation of long-term short positions, and on relief that the worst of the credit crunch and of the financial crisis is over. That’s nice, only that the recession is in its budding stages. That on its own doesn’t mean the US currency has to decline, but expect more shocks, as consumer confidence/spending will only worsen. Watch out for some more short term strength for the dollar.
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Weekly Forex Archive
Week of 4/28/2008 - The dollar made some spectacular gains last week primarily on relief/hope that the worst of the subprime disaster is over. Maybe. But recession is looking us in the eye and while the dollar doesn’t...
Week of 4/21/2008 - The dollar is trying to regain its footing amid (new) hopes the worst of the US financial disaster is over. That’s premature. The US currency is oversold and some significant retracement is likely...
Week of 4/14/2008 - The dollar made little progress during the past week, while the appetite for risk changed from day to day. Only the pound made a discernable move, sinking across the board amid
Week of 4/7/2008 - A boost of premature confidence entered the market last week and the newly found appetite for risk vaulted the carry trades. The commodity currencies rallied, the yen weakened unexpectedly, while t...
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About The Author
Cornelius Luca is a foreign currency market expert with more than twenty years of experience in international finance. He is the author of Technical Analysis Applications in the Global Currency Markets and Trading in the Global Currency Markets. Cornelius also teaches classes and seminars at the New York Institute of Finance and New York University.
DISCLAIMER: This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the author are not necessarily those of Global Forex Trading, its owners, officers, agents or employees. In addition, any projections or views of the market provided by the author may not prove to be accurate. Global Forex Trading and Cornelius Luca will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and Cornelius Luca do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.
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