Forex Forecast | GFT Forex

Initial Jobless Claims Fall, US Dollar Gains

Thu, 02 Feb 2012 10:46:04 -0500

Focus on other data, and risk aversion, in the FX market

Initial jobless claims fell last week, but the news isn't spurring risk appetite. Instead, forex traders are focusing on other news right now. Concerns about corporate earnings, skepticism about a Greek deal, and uncertainty about Ben Bernanke's Congressional testimony later on all have forex traders a little jittery.

As a result, the US dollar has the upper hand against high beta currencies like the euro and the pound. US dollar is moving in tandem with gold prices right now, heading higher with gold, even as oil prices pull back.

It looks like an interesting day ahead. The forex trading forecast is likely to be a bit unsettled. Forex traders are looking for direction, and there are too many conflicting signals for anyone to really see some solid direction on the FX market.

Initial Jobless Claims Fall, US Dollar Gains

Thu, 02 Feb 2012 10:24:27 -0500

Focus on other data, and risk aversion, in the FX market

Could the Facebook IPO Boost the US Dollar in Forex Trading?

Tue, 31 Jan 2012 10:40:12 -0500

Dollar outlook could improve by dollar assets and employment from Facebook

The Facebook IPO is fast approaching, and it is expected to be one of the biggest offerings in history. The Facebook IPO has been expected for years now, and many are expecting great things.

One of those things, some think, is a boost for the US dollar. With the US dollar held back by a lack of demand for dollar denominated assets, as well as held back by employment concerns, the Facebook IPO may be just what is needed.

The Facebook IPO is expected to result in jobs, hopefully boosting the US economy. Additionally, dollars will be in demand as investors scramble to invest in Facebook, which will be a dollar-denominated asset.

How long a Facebook related boost to the US dollar would last is, of course, up for debate. But some feel that the US dollar forex trading forecast is about to become much more interesting.

Forex Forecast | GFT Forex

Initial Jobless Claims Fall, US Dollar Gains

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Initial Jobless Claims Fall, US Dollar Gains

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Could the Facebook IPO Boost the US Dollar in Forex Trading?

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