Last week we continue to see the Dollar putting in at least a temporary top. We expect that top to hold for the near term and are therefore selling into any rallies that attempt to retest recent highs. We have the ECB meeting this week but a cut is already priced in and likely to […]
Tag Archives | Derek Frey
Rising Dollar or Sucker Rally?
Commodities as a whole have been trending lower in the face of the rising Dollar. We believe this “trend” is temporary at best. We all know that in the long run supply and demand determines price of just about anything of value on this planet. Well the US government in its “wisdom” has in the […]
O&F Forex News
Last weeks FOMC report came out within the expectations. As we forecasted, it turned out to be good for the Dollar. We have now seen significant moves in the Dollar against all of the majors. This Week we are expecting a small near term pullback in the Dollar which we will use to add to […]
Futures Market Overview
We have begun to see the Treasury department act to defend the Dollar. Last week we saw one of the largest infusions of capital by the Treasury in 21 years. While this did not yet turn the tide for the Dollar it is an initial sign that they are beginning to back up there “strong […]
Forex Market Update
We made it through last week with most of the data coming out in support of the Dollar. At the same time the Dollar has yet to find a bid. So it looks like we will need even more of a catalyst to turn the dollar up. The next major event will Thursday’s ECB rate […]
All eyes on the Fed. this week…
This past week we thought we would see upside follow through on the Dollar. The Dollar did start the week pushing higher but then turned and hit new lows. Our trailing stops took us out at breakeven so it was no harm no foul. This week we have a deluge of data. We have the […]
G7 Trade Recommendation
This is a trade on tomorrow’s G7 meeting. The European Union has publicly stated that the appreciation of the Euro against the Dollar is becoming an ever increasing problem for its exports. Part of the discussion at the G7 meeting will be how to deal with this issue and our sources tell us to expect […]
Forex Market Update
We continue to patiently wait for more strength in the dollar. As I have mentioned in past issues we are not looking for a macro change in trend but really just a dead cat bounce. We have seen the Dollar bounce already but it has so far been unable to follow through. We expect follow […]
Derek Frey’s Market Comments
The theme this week will be continued strength in the Dollar. This short term strength will stall many of the rallies we have seen in commodities including but not limited to the Grains, Energy, and Metals. You will see an overall contraction of the CRB index. We see this as healthy and in fact necessary […]
Currency Comments
The major theme for this week is a dead cat bounce in the dollar. While we are in no way bullish the dollar we do see it staging a dead cat bounce in the not too distant future. Europe Euro, Pound, Swiss Franc The Euro has seen a very strong run up past the 142. […]