$USDX $EURUSD $USDJPY Is it start of deeper decline for USD ?

$USDX(DXY) is loosing ground at the mom of writing ,erasing support @ 80,47, confirming thus lower top<80,90 .S/t outlook (60 min) turns bearish(Hourly close <80,42 confirms reversal .) for a test of key support @ 80,25 (4hr bullish marker) If tech strategies may be applied today (2 Cenbanks deciding on rates ) We'd sell on upticks…

UBS - "This week's key points are:
- Fed doves unlikely to weaken the dollar now
- ECB meeting key for euro in the week ahead
- BoJ to agree higher inflation target this month
- MPC meeting unlikely to provide direction to sterling
- upcoming Swiss CPI data focus for franc
- follow Riksbank minutes in the week ahead"
Mansoor Mohi-uddin, Managing Director and Head of Foreign Exchange Strategy at UBS Macro Research

David Solin, Partner at FXA - "EURUSD Nearer-Term Strategy/position: With another few weeks of upward "pressure" still favored, prefer to be trading from the long side.  However, with the magnitude of the upside a question and the market trading near longer term resistance at the ceiling of the bearish channel from May 2011, not seen as a good risk/reward in just chasing the market higher from here.  So instead for now, would buy a pullback toward 1.3035/50 (lower entry, lower risk),…

The Euro is deemed to continue its strength opposite the US dollar today as European Central Bank President Mario Draghi foresees a gradual economic recovery for the Euro Zone in the next year. Meanwhile, the single currency is also seen to receive support from fresh optimism that the US fiscal cliff budget impasse could be settled before tax hikes and spending cuts begin to take effect early next year.



In a testimony to the European Parliament’s Economic and Monetary Affairs…

UBS - "(...) The Fed's new policies are likely to keep the dollar constrained as the new year starts but will support the currency in 2013 as the US economy keeps recovering. That means the greenback is likely to stay at current levels of 1.30-1.32 against the euro for now but recover back to 1.15-1.20 next year.

(...) In our last comment here for 2012, the key points for currencies are:

- new Fed policies tempering dollar for now, to bolster it later

- ECB watchers should…

BBH - "We expect the dollar to remain in broad trading ranges against the euro and sterling. The prospects of more aggressive expansion of the Fed’s balance sheet and the protracted fiscal cliff self-created crisis, even as Europe muddles along, could see the dollar begin 2013 in a softer phase. This could see the euro trade toward $1.35 and sterling toward $1.65. We look for the dollar to recover subsequently. We anticipate the US economy will strengthen after Q1 and that the European debt…

The Euro is deemed to sustain its losses alongside the US dollar today as Italian Prime Minister Mario Monti’s intention to resign threatens to provide further uncertainty over the Euro Zone’s fight against the debt crisis. Prospects of another political crisis in Italy are foreseen to push the region’s third largest economy in to the forefront of the crisis. Meanwhile, fresh economic reports are once again believed to paint a bleak picture of the Euro Zone economy.



A likelihood of…

I strongly recommend you all to follow this guy: David Solin, Partner at Foreign Exchange Analytics.

His technical analysis is just excellent:…

The Euro is foreseen to sustain yesterday’s decline opposite the US dollar today as the markets anticipate remarks by European Central Bank President Mario Draghi after discussing monetary policy with his colleagues. Yesterday, the Euro came under selling pressure after a lackluster Spanish bond auction and a disappointing Retail Sales report for October.



Spain auctioned fewer bonds that it hoped to, sending yields higher and reviving talk of an official bailout request from the…

As Euro Zone finance ministers gather for a fourth time in as many weeks today, the Euro is deemed to gain further opposite the US dollar on progress over measures to scale back Greece’s debt load to levels considered sustainable. Greece is awaited to unveil details of a bond buyback in hopes that the terms will draw enough investors, a matter which will be scrutinized by European officials as they meet today.



Last week, Euro-area finance ministers forged an agreement to unlock a…

UBS - "This week we visited clients in Saudi Arabia, Kuwait, Qatar and Abu Dhabi. Middle East accounts remain cautious on the euro, have little interest in sterling and believe the yen may weaken. Thus they continue to be overweight dollars. This is partly a reflection of increased social spending since the Arab Spring began, reducing accumulated foreign reserves. But it also reflects ongoing concern about the Eurozone debt crisis. In short, the region's clients largely share our underlying…

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http://youtu.be/K_oZtzloXg0

Our video newsletter is a looking at the Stock and currency market, providing support and resistance levels. Subscribe to the Daily Updates just subscribe here at youtube or at:…

Our video newsletter is a looking at the Stock and currency market, providing support and resistance levels. Subscribe to the Daily Updates just subscribe here at youtube or at: http://www.forexstreet.net/profile/JetsAdvancedFxSystems where you can receive more great technical and fundamental…

Our video newsletter is a looking at the Stock and currency market, providing support and resistance levels. Subscribe to the Daily Updates just subscribe here at youtube or at: http://www.forexstreet.net/profile/JetsAdvancedFxSystems where you can receive more great technical and fundamental…

Our video newsletter is a looking at the Stock and currency market, providing support and resistance levels. Subscribe to the Daily Updates just subscribe here at youtube or at: http://www.forexstreet.net/profile/JetsAdvancedFxSystems where you can receive more great technical and fundamental…

The US dollar is set for a second week of gains opposite the Canadian dollar. Speculations concerning the fiscal cliff, added to weak fundamental figures from the world’s largest economy, have the markets on edge. Jobless claims jumped to the most since April 2011 after superstorm Sandy hit the labor market hard. The Greenback-Loonie pair is anticipated to end the week’s valuation above parity as traders continue to shun risk.



Investor sentiment has yet to find stable support as…

In the previous European trading exchanges, the Euro lost to the US dollar as the European Central Bank held interest rates, and underlined weakness in the Euro Zone economy. Worries over automatic spending cuts and tax increases next year or the so-called fiscal cliff that sent US shares to three-month lows, likewise weighed on risk sentiment. The Greenback on the other hand rose as US exports reached a record high in September, leading to a narrowing of the country's trade deficit. In…

The American nation has decided – President Barack Obama returns to the Oval Office for a second term. The US dollar falls as investors take on risk, while the Canadian dollar keeps on track farther from parity.



President Barack Obama won his presidential re-election bid over Republican challenger Mitt Romney, defying history by winning a second term with the highest unemployment rate of any president returned to office since Franklin Roosevelt in 1936, and becoming only the second…

Waning appetite for risk because of worries over the Euro Zone sent the Euro lower than the US dollar in the previous European trading exchanges. The Greenback on the other hand was helped by an acceleration in consumer spending, overcoming a decline in exports and business investments. Given the negative sentiment towards the single currency, the EUR/USD pair is seen to fall in today's European trades.



The appeal of the single currency continues to be dampened by the deepening…