I’ve read a few very interesting forecasts for the Forex Market in 2009, and I’d like to point out a few:
Kathy Lien writes about the bad situation of the British pound in 2008 and sees mostly bad news in 2009. Though, at the end of her post, she does offer that there’s a chance of recovery.
Regarding the Euro, Lien is also somewhat “pro-dollar”. She notes the risk of two major elections in Europe in 2009, a good chance of interest rate cuts, and a prolonged recession. Read her interesting post here.
The Forex Blog offers very decisive forecasts: He’s especially deterministic about the pound: he’s sees the GBP/USD at parity! Regarding the Yen, he forecasts a gain by the Yen up to USD/JPY at 80 at the beginning of the year. Read his forecast here.
In the Market Skeptics blog, Eric deCarbonnel gives a sharp and well researched post about the US dollar’s weaknesses. It is a must a must read for Forex traders.Get the 5 most predictable currency pairs