|  | Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Forex Forecast | Financial news on the future of the Forex market | |
Daily forecast of the Global Forex forum. | |
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| | August 08, 2008 | | Is euro strength waning in currency trading? | With the US dollar strengthening dramatically in forex trading, the euro is falling.
Right now, the euro has dropped, slumping the most it has in about four years. The concern is mostly centered around the fact that the ECB president Jean-Claude Trichet's remarks about the eurozone economy did not bolster confidence in the future.
While the ECB rate remains on hold for now, analysts and investors are starting to wonder if it might be cut by year's end. Such a move would only send the euro lower in the forex trading forecast.
| Topic Tags: euro currency trading, euro forex forecast, euro forex trading, forex trading forecast, Jean-Claude Trichet, US dollar forex trading | |
| | August 07, 2008 | | Aussie set for future losses in currency trading | The forex trading forecast for the Australian dollar looks a bit limited as commodities continue to falter on the world markets. The Australian dollar is a commodity currency, so it relies heavily on how well commodities are doing in trading.
Right now, the Aussie is set for future losses as commodities continue their global retreat. Most commodities (Australia is especially concerned with gold) are following the lead of oil prices, which are quite a bit off their record highs of mid-July.
| Topic Tags: Aussie currency trading, Australian dollar, commodities, commodity currency, forex forecast Australian dollar, forex trading Australian dollar, forex trading forecast | |
| | August 06, 2008 | | Now may be the time for pause in dollar strength | The past couple of days have shown dollar strength in currency trading on the FX market. However, the US dollar forex trading forecast may be ready for a pause in the greenback's rise.
Right now, the euro is turning around in forex trading as ECB governor Trichet talks up eurozone inflation. This is undermining yesterday's Fed rate decision and the rhetoric accompanying it.
Additionally, there are signs that an advance against the Japanese yen in currency trading may be limited. Bloomberg reports on the US dollar forex trading forecast against the yen:
``Technically, there is a sign of dollar buying,'' said
Kinouchi at the unit of Japan's second-largest brokerage. ``The
dollar may be well supported for the next half a month, but the
currency's advance should be limited.'' | Topic Tags: currency trading FX market, dollar strength, euro forex trading, eurozone inflation, Fed rate decision, forex trading forecast, Japanese yen currency trading, US dollar forex forecast, US dollar forex trading | |
| | August 05, 2008 | | Sterling in currency trading | The forex trading forecast for the UK pound is one that looks bleak -- and one that is dominated by expectations of slowing economic growth.
Industries are contracting in Britain, and this is affecting the sterling in currency trading on the FX market. The pound is dropping especially against the yen in FX trading as the carry trade continues to unwind.
One of the main factors in the sterling's decline is an expectation that, at some point, the BOE will have to cut interest rates. Bloomberg reports on the forex trading forecast for the UK pound, in terms of interest rates:
``Sterling is the last man standing,'' said Paul Robson, a
London-based currency strategist at the Royal Bank of Scotland
Group Plc. ``With other central banks already cutting rates,
people are going to think the Bank of England is next.'' | Topic Tags: currency trading FX market, forex trading forecast, forex trading UK pound, pound FX trading, sterling currency trading, yen carry trade, yen FX trading | |
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