unfortunately, I couldn’t find a better title for this for right now.

The dollar got itself PWNED today!

After having a nice rally after uncle Ben Bernanke talked about inflation and dollar issue, bringing the EURUSD to 1.5355, The dollar received the ultimate ass kicking today, if there wasn’t a better word to describe.

After a sour jobs report, with 47K job losses and an unemployment rate that had soared the highest in nearly 22 years, you would think that would beat the dollar senseless. This only gets better(worse).

Then, some analyst from Morgan Stanley had to open his mouth about Oil prices hitting $150 by Independence day. Well thanks to him, we now see the highest push in crude prices ever, up $10 to $139. I think we will see $150 oil at least a couple weeks ahead of that now thanks to that analyst. Now, the EURUSD peaks at 1.5755 then retreats a bit before everybody heads out for the weekend!

Now you have a perfect excuse to drop that Hummer or Chevy Suburban and replace it with a Prius or a Honda Insight.

I have another review coming this weekend sometime, I will keep you on your toes with that. Otherwise, have an awesome weekend!!!

Tom Howell
www.GoForexTrade.com

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