Flying in the dark

Bob Savage at Track.com
Robert Savage, Track.com

The US dollar rolled over in the third quarter of 2012. Many expect it will continue to lose in the fourth quarter, but the more likely conclusion is consolidation or even a modest rally back. For the euro, this might mean a dull 1.25 year-end close against the dollar, with 1.22–1.32 the tight but difficult range.

What we learned in September is that momentum has failed as a model for trading risk. Carry could be the next model to fail. The clash of trend versus other models met in September as

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: