Post Tagged with: "FOMC"
Cable Should Go Down
GBP/USD had a nice rally in the past week. It happened despite bad fundamentals. It seemed to have reached the ceiling but still hasn’t fallen. It should go down. The British economy saw lots of bad figures lately. Clairmount Count Change was very disappointing last week. It recorded 138,000, much more than early expectations. This
FOMC Statement Impact – One Week After
A week ago, the FOMC released a stunning statement, that meant printing $1 trillion dollars. This shocked the forex markets, and sent the dollar down. Some called it a death sentence for the greenback. One week after, let’s review where the buck is going
Forex Links For the Weekend
Here are some very interesting reads that I’ve gathered during the week from various blogs I read. There are lots of interesting pieces about this week’s stunning FOMC decision to print one trillion dollars, and its impact on forex trading. Kathy Lien looks at the Swiss Franc, and talks about the possibility of negative interest rates.
Forex War – Will Europe Join?
In this deep economic crisis, everyone wants a weak currency. Europe’s export-oriented economy is suffering from a strong currency, especially after the moves from Switzerland and from America. Will they stay on the sidelines or intervene? The Japanese economy is export based, and has significantly suffered from the global economic crisis. A strong currency is
Forex Daily Outlook – March 20th 2009
The forex market is still shaking from the FOMC statement that beat the US dollar. Today, A speech by Ben Bernanke will be closely listened to. In addition, there are a few other important indicators. In Europe, Industrial Production is expected to fall by 3.8% after dropping 2.6% last month. A higher drop than expected
Forex Daily Analysis – January 21st 2009
After yesterday’s ceremonial inauguration of Barack Obama, today is back to normal. Regular economic news will dominate forex trading. The German PPI (Producer Price Index) is expected to show a fall of 1.1%. Also from Europe, yet another speech from ECB’s Jean Claude Trichet. EUR/USD could fall more after Trichet’s speech. Britain, which saw it’s