Big Pippin

The Euro once again rallied above 3600 after the US Existing Home Sales report showed the biggest one month drop since 1989!

Although the Dollar stayed pretty quiet against most of the majors, it continued to make a nice push against the Swissy. The Dollar also had enough juice to push the Euro down from the 3600 level.

After some brutal beatings as of late, the Dollar managed to gain some ground and hold off its hardest hitters.

The Euro and Cable finally slowed down their slaughter of the Dollar today but the Swissy and Yen continued their pounding. Is there any hope in sight for the Greenback?

I’m sure you all heard that the story of the day is the Sterling surging to above 2.0000 against the Dollar. This is the highest it’s been since 1992!

Although the Dollar lost to the Euro and Sterling, it was able to gain strong ground against the Yen as it rose to almost 120.00 today after staying dormant for the previous 5 days.

The Euro stayed quiet for a couple of days after breaking 3400, but today it surged to a new high at 3500. Will this momentum continue for the Euro?

Other than the Cable which rallied back to 9800, the majors were relatively quiet as they simply stayed put in their ranges.

The Dollar had been on a tear the previous 2-3 days against the majors but today was a different story. In one day, the majors completely erased the gains the Dollar made with strong rallies.

The Dollar continued to move forward against the majors, but could this recent movement mean its time for a reversal?