currency prediction for next week

Forex: Greenback "could weaken quickly and dramatically" says Mizuho

FXstreet.com (Barcelona) - After falling strongly in the last week against the rest of the majors, Dollar seems to decline further in the coming days, in fact, according to Mizuho, USD could weaken dramatically. Mizuho says that Brazil?s President Lula and China's Hu Jintao suggested bilateral trades should be settled in different currencies than Dollar.Last week, USD lost 3.80% against EUR after reaching 1.4050, 4-month high, also against GBP, Cable rose 4.90% in the last week and the pair posted

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Markets fell for the day and week; Yen biggest gainer

FXstreet.com (Córdoba) ? Wall Street fell Friday. Dow Jones Industrial Average lost 0.75% and Nasdaq 0.54%. The technological index also finished the week with losses ending a 9-week streak with positive results. The Yen was the biggest gainer for the week. On Friday the Asian currency was able to recover Thursday losses and go further against some pairs like the dollar. Greenback rally against Euro and Swiss Franc but was unable to maintain a slightly recovery to the Yen.

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Dollar could lose momentum

!--TITOL: h1Dollar could lose momentumFITITOL--FXstreet.com (Buenos Aires) - The belief that the worst of global economic turndown is over is likely to continue this week, and dollar could weaken partially against major rivals, losing its safe haven condition. However, Euro won?t find an easy way up as reports last week showed huge contractions in economies throughout Europe and that should pin down any rallies in the single currency. Also, this week the U.K. will present their inflation numbers, and that

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USD/JPY falls below 94.80, fresh 7-week low

FXstreet.com (Córdoba) ? The Yen strengthen and is rising across the board. USD/JPY rally downside form 95.55 to the 7-weeks low at 94.70. The pair is testing that zone. Next support level is 94.15 (March 20 low). Current price is 94.79 which is 1.22% below opening price. Also against European currencies the Yen is gaining, recovering yesterday losses and heading toward the lows of the week.For more information, read our latest forex news.

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Weekly Predictions - Forex Events This Week - Volatility Ahead?

After depreciating consistently over the past month, the USD is now traded just under 1.39 against the EUR, and over 1.64 against the GBP. This week on Wednesday, the Federal Reserve is expected to deliver an Interest Rate statement that is widely expected to leave it near 0%. But any change that might take place is prone to sow disorder in the

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U.s. Dollar Finishes A Wild Week With A Loss

The U.S. Dollar finished the week with a loss against all major currencies. The highlights for the week were provided by the central banks. Activity by the U.S. Fed, the European Central Bank, and the Bank of Japan triggered wild swings throughout the week. When the dust settled on Friday, the Dollar still came up a loser.The Euro traded sharply hi

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Dec-15: Dollar Still Under Pressure

A new week starts today and so far the dollar is still feeling the "wrath" of the euro, following the pair gaining more than 700 points since the beginning of last week. The market sentiment is slightly more positive these days and Asian session has so far gained more than 400 points on the back of investors confidence that the US governm

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USD and JPY weakened as stocks recovered last week losses

!--TITOL: h1USD and JPY weakened as stocks recovered last week lossesFITITOL--FXstreet.com (Córdoba) ? U.S. markets rallied today erasing part of last week losses. The Dow Jones advanced 235 points or 2.9% and Nasdaq Composite rose 3.1%. An increase in home builders sentiment and a buy recommendation on Bank of America helped the markets rebound. The dollar lost across the board but the Yen took the worst part. JPY lost against major currencies and also to the greenback.br /br / USD/JPY

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