Forex Weekly Trading Forecast - 08.10.09

The dollar made the bearish break to new lows for the year last Monday, but it was not catalyzed by any specific fundamental driver nor supported by a meaningful trend in risk appetite. To reverse the currency's fortunes and potentially change its future, a true bull trend requires an underlying fundamental driver, meaning either a break the dollar's ties to investor sentiment (as a safe haven currency) or a collapse of risk appetite