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Even as the Dow Jones FXCM Dollar Index (ticker: USDollar) consolidates in the early week around the 9450 level we effort that now that this support has been taken out and closed below further losses toward the next downside target below 9350 are in the offing. We have talked for some time about the range bound [...]

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EUR/USD: Euro to Fall with Stocks on US Debt, Global Growth Fears   With sovereign fears on the decline in the Euro Zone after an unexpectedly bold EU leaders’ summit outcome last week, the US debt ceiling fiasco has taken center stage as the core macro-level issue guiding sentiment over the near term. Negotiations on the so-called [...]

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