Forex Forecasts

Euro investors are still looking for the most efficient currency where they can place their investments into this upcoming year. The Euro is still slowly climbing its’ way up and people might not see a huge progression for the first half or possibly for the entire year next year. For the past weeks, US Dollars and the Euros have been strictly monitored and people have started buying dollars again. The US government still remained optimistic about its national plans for 2011 and one of which would be opening jobs for its’ citizens. Some currency analysts are stating that the year 2011 is the year for the US Dollars. However, there are also numbers of Forex analysts who believed that it is not the US Dollars that will reign supreme on the upcoming year. There might be some investors who will deny the idea, but the fact that US has still some lingering issues may not secure the US dollars under the...

This week’s news of First time claims for unemployment benefits fall and Congressional Democrats vented their anger at President Obama’s proposed extension of the Bush tax cuts did not adversely affect the markets. Stocks head toward the year end on a tail wind, but traders are watching a number of cross currents that could hold back gains in the week ahead. Next week, the biggest event for markets are Congress voting on a tax package compromise that would extend Bush’s  tax cuts for two years and provide a one-year break on Social Security taxes for individual tax payers. Wall Street has already embraced the plan and has factored in more robust economic growth for 2011, and higher stock prices, because of it. Markets will also be watching Tuesday’s US Federal Reserve meeting, which is not expected to generate any major news. The Fed is expected to leave interest the same and use its post-meeting statement to do little more than restate its...

The pressure is still on the single currency on increasing European requests for Portugal to accept a funding loan of its deficit from the IMF and European commission prepared package for the debt problems of the Euro area following Ireland while they have new assurance from Spain that it is not in need of this package satisfied with the current bond market conditions and how it was obvious to the market that the Irish yields have gone down as it has become less exposed to the normal bond market conditions which have become sever to its financial position, after the announcement about its reached deal for having funds from this package as it has restored the confidence on the offered debts giving stability of its position supporting the position of the other European countries after the yield differential have increased recording new highs between the suffering countries like Ireland and Germany as the most stable trusted country and first funding...

  The GBP/USD pair had a bullish day today, as the market retested the 1.6350 level, a major area of resistance. At the end of the day, we formed a shooting star. Because of this, it looks as if the pair could pullback from this level. Noting that the pair has a history up here, that wouldn’t be too surprising. A pullback should present buying opportunities as the strength is still with the bulls overall.

  The GBP/USD pair had a bullish day today, as the market retested the 1.6350 level, a major area of resistance. At the end of the day, we formed a shooting star. Because of this, it looks as if the pair could pullback from this level. Noting that the pair has a history up here, that wouldn’t be too surprising. A pullback should present buying opportunities as the strength is still with the bulls overall.

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