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Forex Commentaries

By Hans Nilsson*

USD/JPY Gains on Dovish BOJ Comments

Hans Nilsson2009-12-21

The dollar was mostly higher versus other key currencies in light pre-holiday trading on Monday. The greenback rose in tandem with stocks and interest rates on recovery optimism and speculation that the Federal Reserve will normalize rates sooner than earlier thought.

Dollar Rally Continues

Hans Nilsson2009-12-18

The dollar traded mixed on Friday following one of the best weeks for the year. The greenback rose against the euro, pound and yen but consolidated gains against the Swiss franc, aussie and loonie. A strengthening US economic recovery, European credit worries and Japanese deflation problems supported the USD.

USD/CAD Turns Bullish

Hans Nilsson2009-12-17

The dollar gained on Thursday as risk aversion increased and global stocks fell. The dollar index rose to its highest level in three months. The S&P 500 fell 13.10 to 1,096.08. Supported by carry-trade unwinding, the yen rose modestly versus the dollar and rallied against other key currencies. The euro fell and broke the 1.45- area support amid concerns over the financial situation in Greece and other European nations.

Is Aussie Rally Over?

Hans Nilsson2009-12-16

The dollar rose on Wednesday. The Federal Open Market Committee repeated its pledge to keep interest rates exceptionally low for an extended period and said the US economy is strengthening and the labor-market deterioration is “abating.” US consumer prices increased modestly and housing starts rose strongly.

Yen Will Become Preferred Funding Currency Again

Hans Nilsson2009-12-15

In NY trading Tuesday, the dollar rose against its rivals on European credit worries and stronger-thanexpected US economic data. US industrial production and producer prices climbed more than anticipated, increasing speculation the Federal Reserve will discuss its exit strategy and possible interest-rate increases. The S&P 500 declined 6.18 to 1,107.93.

Fed May Hike Rates Earlier Than Expected

Hans Nilsson2009-12-14

The dollar fell as risk appetite and stocks rose after Abu Dhabi bailed out Dubai. The greenback consolidated its last-week gains on stronger-than-expected US labor conditions. Improving economic figures have increased speculation of an earlier-than-expected withdrawal of monetary stimulus.

The Return of Greenback

Hans Nilsson2009-12-11

The dollar rallied on Friday despite higher equity prices. Stronger-than-expected US retail sales and consumer confidence boosted economic recovery optimism. The strong correlation between good economic news/rising stock prices and a falling dollar may be ending.

USD/CAD May Rally

Hans Nilsson2009-12-10

The dollar traded mixed on Thursday as risk appetite improved. The US trade deficit unexpectedly narrowed. Initial jobless claims rose more than expected, but continuing claims fell to the lowest level since February.

USD Consolidates Gains

Hans Nilsson2009-12-09

The dollar fell on Wednesday as risk aversion decreased. In early trading the greenback tested its resistance level against major currencies supported by continued debt worries as Spain's credit outlook was downgraded. The USD later lost steam in late New York trading as US stocks reversed earlier losses.

Greenback Testing Important Resistance

Hans Nilsson2009-12-08

The dollar rose on Tuesday as risk aversion increased. Global stocks and commodities fell as huge losses in Dubai, credit downgrades in Greece and warnings about the UK and US financial positions fueled market jitters.

Greenback Consolidates Gains

Hans Nilsson2009-12-07

Unable to build on its Friday rally, the dollar traded mixed on Monday. Federal Reserve Chairman Ben Bernanke said a fragile economic recovery meant "moderate" pace of economic expansion due to “formidable headwinds” including a weak labor market and tight credit.

Negative Correlation Between USD and Stocks Over?

Hans Nilsson2009-12-04

The dollar surged on Friday following good news from the US labor market. US nonfarm payrolls fell only 11K in November, much better than expectations. Treasury bonds, gold and commodity prices fell. US stocks and greenback initially rose in tandem, but falling commodity prices and rising interest rates pressured equities.

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*Expert Market Commentaries, charts and information are provided by Hans Nilsson of Globicus International, Inc., a registered third party CTA, are intended for educational purposes only and do not constitute trading recommendations.

Past performance is not indicative of future results. Trading OTC Forex on margin carries a high level of risk, and may not be suitable for all investors. Please contact a registered trading advisor if you have any questions.

This report is intended solely for distribution to customers of Capital Market Services, L.L.C. Any information in this report is based on data obtained from sources considered to be reliable, but no representations or guarantees are made by Capital Market Services, L.L.C. with regard to the accuracy of the data. The opinions and estimates contained herein constitute our best judgment at this date and time, and are subject to change without notice. Capital Market Services, L.L.C. accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this report. No part of this report may be reproduced or distributed in any manner without the permission of Globicus International, Inc.