Last week Forex Trading speculations

It was a volatile yet direction less period for the USD last week. With only a smattering of second tier economic indicators populating the docket, basic traders deferred to dramatic swings in commodity rates, mounting fears of a major bank collapse (someone mentioned Freddie Mac?) and ever-exigent and evolving interest rate speculations. Although, these market themes were hardly fall back drivers as we have seen the USD push right back towards major resistance with traders on both the technical and basic side of the fence waiting for each of these pieces to fall into place before confidence in the greenbacks' dominate trend is revived and it's here to stay. No doubt, these market dynamics and USD volatility will play just as active as they have been in the one that has just passed.A few major currencies sure fixed the rate a bit (EUR: +0.7%, Yen: +0.4%, CAD: +1.2%) and some like GBP still very bearish and will continue be bearish next week according to most analysts suspects.