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Do we have a dollar breakout or fake out in the making? It depends on the euro here.

The European currencies are lower against the dollar this morning on news that Germany didn't want to throw its hard earned Treasury at central and eastern European problems. Why should they? Oh yeah, I keep forgetting, it is a "union" of European countries.


Click on the following link to view the latest issue of Black Swan Currency Currents in PDF format.

Written by Brad Zigler
Monday, 02 March 2009 12:54

Real-time Inflation Indicator (per annum): 7.3%

Earnings for Yamana Gold, Inc. (NYSE: AUY) are due Wednesday. If past history is any indication, the market's reaction – no matter what the number – is bound to be significant.

Why? Well, first of all, Yamana's earnings have a tendency to surprise analysts. Three of the last four earnings releases were double digits away, percentagewise, from the consensus forecast. To the upside and the downside. Net the last year's earnings surprises and what do you get? Eighteen percent. Negative 18 percent.

Is that the kind of surprise we're likely to see Wednesday? Can't say for certain. ...

Analyst picks for: 2009/03/02
Written by the DailyFX Research Team

The US Dollar rose to test above multi-year resistance to start the trading week as stock exchanges in Asia and Europe fell sharply lower while US equity index futures slipped -1.7% on fears of deepening global recession. A busy week of economic data looms ahead culminating in the dreaded Non-Farm Payrolls report, promising heavy volatility and ample room for breakouts across the forex spectrum. Our DailyFX analysts weigh in and reveal their top picks for how to play the markets in the days ahead.

Questions about these picks? Visit the DailyFX forum for a Q&A with the Analysts.


Chief Strategist
Antonio ...

Posted on March 2, 2009 at 2:20 in Uncategorized by Curt Wehrley



If recent patterns hold tomorrow, ...