Forex traders everywhere seem to be sitting and waiting for the next shoe to drop in the saga that has pushed the value of the U.S. Dollar Index down to seven-month lows and has allowed the EUR/USD to climb back up to resistance at 1.3500. If economic news continues to be disappointing, that will bolster the case for the Fed to increase its quantitative easing -- which would, in turn, devalue the U.S. dollar.
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Errare humanum est
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Our beliefs are based on logic and the pursuit of clearity.
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We cannot direct the winds but we can adjust our sail.
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