Forex Market 2009 – Forecasts

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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.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

3 Comments

  1. D Fapturbo on

    With the dollar looking bad I find it interesting that compared to other countries the forecast doesn't seem to be as bad as I imagine.

  2. I think it's because the US will be the first to get out of recession, as it was the first to enter into recession.

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