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Dollar Looks to Yellen to Turn Volatility into Trend, Will She Acquiesce?
Indecision is a universal market theme. And, the Dollar has not escaped the sedation. A confluence of conviction and participation is proving exceptionally difficult to muster due to the growing sense of skepticism in fundamental value as well as the seasonal lull that we expect through the ‘Summer doldrums’. Eventually this quiet will end – either as market participants naturally return to their desks after holiday or through an inevitable eruption in complacency. But what are the changes of this happening through the coming week? Seasonal inactivity has added a further burden to an already encumbered market. ... (full story)