Submitted by Marc To Market on 11/16/2013 - 07:54
Australian Dollar Bank of England BOE Canadian Dollar Economic Calendar European Central Bank Head and Shoulders Japan New Zealand Quantitative Easing Swiss Franc Yen
The US dollar looks vulnerable to additional losses next week. While we had correctly anticipated the greenback's losses last week, we had expected it to begin recovering ahead of the weekend. This did not materialize and, leaving aside the yen, the dollar finished the week near its lows. Generally speaking, the technical outlook for the greenback has soured and, in fact, warn of some risk accelerated losses in the period ahead.