Forex Bull

In times of financial crisis, investors can reasonably be expected to park their money in the least risky capital markets.

The downturn in the global financial market paired with fading risk sentiments has triggered bearish price action for the New Zealand dollar, but mounting hopes for the U.S.

The focus in Australian Dollar trading falls squarely on the Reserve Bank next week, with expectations calling for Glenn Stevens and company to reduce borrowing costs by 50 basis points.

Despite improved growth the Canadian dollar fell over 500 points against the dollar as global growth declines. The anticipated decline in demand for raw materials has led to commodity prices dropping, which is expected to weigh on the Canadian economy.

The focus on financial crisis has been magnified for the UK this past week – and the close look may mean a new leg of declines for the British pound.

A fundamental outlook for the euro should oddly enough begin with a look to the technicals. This past week, the pair cleanly broke below a dominant, rising trendline that began back in January of 2002 .

Dollar Could Slip on FOMC Minutes, Pessimistic Investor Sentiment Euro May Be Closing In On Its Own Financial Crisis And Rate Cuts Japanese Yen Forecasts Remain Bullish On Financial Turmoil British Pound Under Pressure As Market Expects A BoE Rate Cut Swiss Franc Could Gain On Technical Factors This Week Canadian Dollar May Weaken On Global Growth Outlook Australian Dollar May Rise on Risk Appetite, Smaller Interest Rate Cut Fading Risk Appetite to Fuel Bearish Sentiment for the Kiwi

The Swiss franc plunged against the US dollar and Japanese yen over the past week, but showed surprising resilience against other currencies like the Australian dollar, euro, and Canadian dollar.

Fundamental Outlook for Japanese Yen: Bullish – Japanese Yen finishes stronger despite passage of US Financial Bailout – DailyFX analysts give their own forecast for the USDJPY – Carry trade finds little relief in bailout approval

The US dollar ended the week on a rather strong note despite the release of disappointing non-farm payrolls, as the Treasury?s Troubled Asset Relief Program , better know as “the bailout bill,” was finally approved by both the House and Senate.