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Monday, May 22, 2006

New Zealand/USD:Still Technically Bearish

The Dollar began the week on firm footing overnight, though gains were relatively small. Most analysts expect continued volatility in the coming weeks, as analysts try to gauge inflation and predict the next Fed move. The past few weeks have seen very volatile trade across asset classes, from U.S. equities, emerging markets, commodities, and currencies. Naturally, this type of playing field makes it difficult to predict with confidence any strong trends, although savvy traders remain, as always, on the look for breakouts. Read More....