Forex Trading Forecast: US Dollar
Financial sector worries to continue to affect currency tradingThe forex trading forecast for the US dollar will likely continue to be affected by the financial sector. Indeed, financial sector worries are causing trouble for the greenback in currency trading, as investors remain unconvinced that the US economy is in a true turnaround.
One of the reasons that the US dollar is faltering in FX trading today is to do with American Express profits. After admitting that there more customers are defaulting on loans, Amex profits dropped quite a bit. This is causing many of the jitters regarding the financial sector and the US economy right now.
See Also
- Forex Trading with the US Dollar
FX trading on the currency market
This entry was posted on Tuesday, July 22nd, 2008 at 12:48 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Forex Trading Forecast: US Dollar
Greenback likely to drop in currency tradingThe forex trading forecast for the US dollar is looking rather grim as bad news piles upon bad news. The greenback is likely to continue to struggle, at least in the near term and maybe in the medium term, in currency trading.
One of the biggest hurdles for the US dollar right now in FX trading involve the financial sector. The financial sector is struggling to recover from the bloodbath wrought by last year’s subprime mortgage crash.
The latest casualties are Fannie Mae and Freddie Mac, the two government chartered mortgage lenders. They are experiencing a great deal of trouble right now, and some analysts are even calling them insolvent. However, the government is unlikely to simply let them fail, since a large part of the mortgage market is dependent on the two.
Additionally, oil prices on the rise due to tensions with Iran aren’t helping the forex trading forecast for the US dollar.
See Also
- More on the US Dollar in FX Trading
A look at the debacle with Fannie Mae and Freddie Mac - Forex Trading with the US Dollar
Currency trading on the FX market
This entry was posted on Friday, July 11th, 2008 at 15:18 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Forex Trading Forecast: US Dollar
Economic data expected to day on the US economyThere is a round of economic data expected on the US economy today. This will likely have an effect on the forex trading forecast for the US dollar.
Some of the data that is expected are homes sales data and durable goods data. Additionally, a Fed interest rate decision is expected soon, and that will have an effect on how well the greenback does in FX trading.
See Also
- Greenback in FX Trading
Forex trading with world currencies
This entry was posted on Wednesday, June 25th, 2008 at 14:54 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Forex Trading Forecast: US Dollar
US dollar in currency tradingThe forex trading forecast for the US dollar is a little bit hard to read right now. The Federal Reserve has indicated that it will "pause" in its aggressive rate cuts for now, but this does not necessarily mean that there is room for rate increases.
Right now, there are signs of a weakening US economy, and this is not dollar supportive. With this signs, it is becoming increasingly likely that the Fed will remain on hold, rather than raise interest rates.
And that means that the US dollar is likely to slowly weaken in currency trading in the near future.
See Also
- Forex Trading with the US Dollar
Currency trading with majors
This entry was posted on Tuesday, June 17th, 2008 at 15:12 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Forex Trading Forecast: US Dollar
Will the greenback strengthen in currency trading?Yesterday the greenback showed strength in currency trading on the FX market before falling back a bit. Today, though, the US dollar is gaining again on the currency market.
The forex trading forecast for the US dollar will depend a great deal on the economic data (retail sales especially) released this week.
This data could help decide traders between the view that current policies are promoting the greenback in currency trading as economic troubles draw to a close and the view that a US recession is just beginning.
See Also
- Forex Trading with the US Dollar
Currency trading on the FX market
This entry was posted on Tuesday, May 13th, 2008 at 14:29 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Forex Trading Forecast: US Dollar
US economy expected to to keep greenback under pressure in currency tradingThe US dollar is under pressure today in currency trading, falling to the euro and to the yen. And the forex trading forecast for the US dollar doesn’t appear to be improving.
Even though the IMF feels that the US dollar is "somewhat on the strong side," it is clear that it could show further weakness. Forbes reports on the greenback in currency trading:
See Also
- Currency Trading with the Greenback
Forex trading forecast
This entry was posted on Thursday, April 10th, 2008 at 14:15 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Forex Trading Forecast: US Dollar
Interest rates to be cut further, says Ben BernankeYesterday Fed Chair Ben Bernanke testified before Congress. While he did not predict a US recession, he did say that further economic slowing is coming, and that he is prepared to cut interest rates further. This is likely to lead to a weaker US dollar in currency trading.
See Also
- US Dollar Forex Trading
Currency trading on the FX market
Source : GFT Forex
This entry was posted on Friday, February 15th, 2008 at 14:02 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Forex Trading Forecast: US Dollar
US dollar could fall further in currency tradingDespite recession fears, the Group of Seven took pains over the weekend to emphasize that the US is not in a recession right now. While acknowledging the growth in the US economy would be slower, BusinessWeek reports that the G7 insists the growth will take place.
For the forex trading forecast, this means that the US dollar is likely to remain somewhat weak, but that it should not drop too dramatically.
See Also
- US Dollar Currency Trading
Forex trading with world currencies
Source : GFT Forex
This entry was posted on Monday, February 11th, 2008 at 14:01 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Forex Trading Forecast U.S. Dollar
Greenback in currency tradingThe forex trading forecast for the U.S. dollar is calling for more weakness. The greenback is weakening in currency trading on the expectation that another Fed rate cut, in addition to the emergency rate cut made last week, will be made tomorrow. The expected Fed rate cut is affecting the U.S. dollar on the FX market. AFP reports on dollar weakness in forex trading:
Against the yen, the greenback was pressured by expectations of another Fed rate cut, which would make dollar-denominated assets less attractive to investors, dealers said.
"Expectations that the Fed will cut rates again this week are undermining the dollar," said Callum Henderson, head of currency strategy at Standard Chartered Bank.
See Also
- Forex Trading with the U.S. Dollar
Currency trading on the FX market
Source : GFT Forex
This entry was posted on Tuesday, January 29th, 2008 at 14:18 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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