Numbers suck!

It seems a weak greenback is not helping the manufacturing sector too much. The numbers came in today and they are not very good: Industrial production down 0.7% in April, manufacturing activity in the New York region has gone into the big fat negative territory. The Philly Fed Index improved to -15.6 but really where was it going to go after posting -24.9 previously. The housing market continues its free fall. What should the forex trader read in to all of this?

The dollar strength we have been seeing lately should abate. I would expect the dollar to give back most of its gains as we head into summer. The great thing about trading forex is our ability to be somewhat insulated from the economy. The currencies are going to fluctuate regardless of the state of any economy. Actually this helps the fx trader as it is easier to catch a nice wave and line your pockets. Enjoy the ride!