Commitment of Traders shows that central banks have been shorting the dollar since June, the slash in 1% slash in interest rates by the FEDs is doing the Dollar any good either. Technically we have a good ol' Cup & Handle, we broke the handle's ascending channel quite impulsively, we are now creating another ascending channel.
FUNDAMENTALS
MANUFACTURING NUMBERS - MIXED
FACTORY ORDERS - GOOD BUT NOT GREAT
OIL INVENTORIES - WEAK
PMI's - GOOD BUT NOT GREAT
EMPLOYMENT - WEAK
OVERALL STRENGTH BASED ON NEWS
Taking into consideration the market movers, oil and employment I say the fundamentals indicate a weak dollar thus far, tomorrow is a critical day as well. So keep stock of your fundamental releases and assess them for dollar strength or weakness this weekend.
FUNDAMENTALS
MANUFACTURING NUMBERS - MIXED
FACTORY ORDERS - GOOD BUT NOT GREAT
OIL INVENTORIES - WEAK
PMI's - GOOD BUT NOT GREAT
EMPLOYMENT - WEAK
OVERALL STRENGTH BASED ON NEWS
Taking into consideration the market movers, oil and employment I say the fundamentals indicate a weak dollar thus far, tomorrow is a critical day as well. So keep stock of your fundamental releases and assess them for dollar strength or weakness this weekend.