This is another weekly summary of forex posts that I made over the week. I hope you enjoy it because I put everything in a summary for you to easily scan. This summary is brought to you by Forex Killer.
A Tough Call on the US Dollar – I’ve been having a tough time predicting the direction of the US dollar because things just seem to be so erratic. I decided to actually break down the fundamentals that the US dollar seems to be following during these economic times. It may surprise you.
Dollar Predicted to Rise Most Since 1981 – Analysts that have been the most correct on the values of major currencies today are predicting a massive run up in the dollar. This is good news. Here is hoping they’re right.
Consumer Confidence Drops – People are were looking at increases in consumer confidence as a sign that the economy is improving, but people are starting to lose a lot of confidence. Things aren’t looking that good to the population, so obviously they’re saving.
US Economy Expected to Shed 365k Jobs – Jobs report numbers came out and the expectations were at 365k. The numbers actually came in much higher at 467k. Huge blow to the markets, but it sent the US dollar higher.
