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Dollar Rallies on Euro Pain and Risk Aversion, Is this the Turn?

By  John Kicklighter, Sr. Currency Strategist

24-07-2012

The dollar is starting to make significant headway towards reviving its sidelined bull trend. However, there is still a high fundamental hurdle to overcome before the benchmark currency is back on pace to forging fresh 22-month highs. We can see the gap on both a fundamental and technical basis.




Date Time Currency Impact Detail Actual Forecast Previous
8-Oct 02:00 EUR    German Trade Balance Sky Line Brokers 18.3B 15.8B 16.1B
8-Oct 02:00 EUR    German WPI m/m Sky Line Brokers N/A 0.4% 1.1%
8-Oct 03:15 CHF    CPI m/m Sky Line Brokers 0.3% 0.3% 0.0%
8-Oct 04:30 EUR    Sentix Investor Confidence Sky Line Brokers -22.2 -20.6 -23.2
8-Oct 06:00 EUR    German Industrial Production m/m Sky Line Brokers -0.5% -0.7% 1.2%

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SLBFX
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Syrmbol Bid Ask Change  

EURUSD

1.2835

1.2837

GBPUSD

1.5170

1.5172

USDJPY

103.16

103.18

USDCHF

0.9720

0.9722

AUDUSD

0.9741

0.9743

USDCAD

1.0278

1.0280

EURGBP

0.8458

0.8462

EURJPY

132.39

132.43

EURCHF

1.2473

1.2477

GBPJPY

156.47

156.55

GBPCHF

1.4742

1.4750

XAUUSD

1357.80

1358.30

SLBFX