EURUSD – Euro Forecast to Fall Further Against US Dollar
GBPUSD – British Pound Outlook Remains Strongly Bearish
USDJPY – Japanese Yen Outlook Remains Bullish
USDCHF – Swiss Franc Expected to Weaken Further
USDCAD – Canadian Dollar Forecast Calls for Gains
GBPJPY – British Pound Forecast Holds Bearish Against Japanese Yen

Though the past week was characterized by a few volatile swings in risk appetite, the capital markets nonetheless find themselves pushing towards new bearish extremes. For the US dollar, this uncertainty and pessimism bodes well for two reasons.



The Economy and the Credit Market

Though the past week was characterized by a few volatile...

The British Pound bounced back from the low (1.4335) and pared the overnight decline to maintain the tight range carried over from the previous week, and the GBP/USD appears to be carving a near-term bottom just above 1.4200 as the daily RSI rebounds from oversold territory.

Talking Points
• Japanese Yen: Weighed by Risk Appetite
• Pound: Mortgage Approvals Tip Higher in April
• Euro: German Consumer Confidence Weakens in June
• U.S. Dollar:...

The Euro slipped to a low of 1.2437 during the overnight trade, which is the lowest level since November 2008, and the single-currency may face increased selling pressures going into the North American trade as investors scale back their appetite for risk.

Talking Points
• Japanese Yen: Rallies Against the Majors
• Pound: Weighed by Risk Aversion
• Euro: Extends Decline, Slips to Two-Year Low
• U.S. Dollar: Retail Sales, U. of Michigan Confidence...

The US dollar rallied through the Asian and European session hours Tuesday as the scent of fear wafted through the market. Speculative interests were put on the defensive starting in the early hours of the new trading session after a Japanese airline filed for bankruptcy protection in the nation’s fourth largest failure in history.

• US Dollar Rally Stunted by New Highs for the Dow, A Rough Start for Q4 Earnings
• British Pound Rallies as Inflation Sparks Long-Lost Interest...