Technical Analysis for This Week. May 23rd’ 08 (using FXDD)

Written by ROY WIRYA SUBRATA, Currency Strategist.

USDCHF

GBPCHF

EURUSD

EURGBP

EURCAD

EURAUD

CADJPY

EURCHF

Roy WS

How Does an Oil Crisis Impact the US Dollar?

Oil prices are rising and the US dollar is falling, but is this the
natural relationship between these two assets? Taking a look back at
the two prominent oil shocks of the past four decades (1973 and 1979),
we see that this is not necessarily the case.
1973 Oil Crisis: […]

1. SHORT on US Dollar, because of the rising of oil price.
2. LONG on European currencies because Hawkish comment.

Market Analysis:
US Dollar:
The US dollar weakened significantly this past week as rising oil
prices revealed the vulnerabilities of the US economy. Companies are
beginning to struggle and have been forced to come up with more creative
ways to deal […]

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