January 22, 2008

U.S. Dollar Forex Trading Forecast

Emergency Fed rate cut today?

Without the economic fundamentals to hold it up, dollar weakness is expected to be a fact in currency trading.

–	Currency Analyst

Massive panic in the stock market could lead to an emergency Fed rate cut today. In any case, a Fed rate cut is expected next week at the regular FOMC meeting. This meanst that the U.S. dollar forex trading forecast is looking rather bleak. Without the economic fundamentals to hold it up, dollar weakness is expected to be a fact in currency trading. Bloomberg reports on the possibility of of an emergency Fed rate cut:

``There's talk, unsubstantiated, of a possible rate cut by the Federal Reserve today, and that's why the dollar is pulling back,'' said Neil Jones, head of hedge fund sales at Mizuho Capital Markets in London. ``This talk is unsubstantiated, but it's enough to move the market.''


	U.S. Dollar Forex Trading
	Currency trading on the FX market
	http://www.gftforex.com/land/index.asp?aid=446

Topic Tags: currency trading, dollar currency trading, dollar weakness, emergency Fed rate cut, forex trading, forex trading forecast, U.S. dollar forex trading

by mmarquit

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