Big Pippin

Ok, so it wasn’t a huge Dollar day but it was a nice start considering the beating its been taking the past few weeks!

After breaching 1.4300 on Friday, the Euro finally cooled off against the Dollar as the pair drifted down to 1.4250. Will this continue throughout the rest of the week?

Yes the Euro did rally again, but it once again failed to reach 1.4200. Technical indications also indicate that the pair is on the verge of collapsing.

Open up any economic reading and it won’t take long for you to realize that the US data is not looking so hot right now. But even so, can the Dollar still go lower?

With Crude prices dropping again, the Dollar may be ready to rise since there is an inverse relation between the two. Maybe that will finally stop the Euro from rising?!

A bunch of technical factors are making the Euro look like it’s ready to collapse very soon. Combine this with more profit taking and we could see a very quick drop.

The Euro once again brought itself up to new highs and continues to bury the Dollar in its tracks. How long can the Euro sustain this momentum?

The Cable did a 180 today as it completely reversed the gains it made yesterday after the interest rate statement. Will the Dollar continue to fold or are currency levels just to extreme for them to sustain any momentum?

The Cable has been on a downslide recently and continued to drop today, giving the Dollar a 400 pip gain on the Sterling in the last 4 days.

The Dollar was able to hold its ground today but how long will it last? Will there be some profit taking soon?