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IMF Marks Down Global Growth Forecast, Sees Risk on Rise
January 25, 2012With intensifying strains in the euro area weighing on the global outlook, the IMF sharply cuts its forecast for world growth to 3.3 percent this year, saying prospects have dimmed and risks to financial stability have increased. IMF Survey Magazine
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U.S. Dollar Forex Trading Forecast: More Weakness in the Near Term
July 1, 2011Currency trading with the greenback The U.S. dollar forex trading forecast, for the short term, is likely to see more weakness. Indeed, there are a number of factors likely to affect the greenback in currency trading during the near term. Action Forex offers 5 items undermining the U.S. dollar in forex trading: Concerns about the [...]
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Euro Forex Trading Forecast: Will the Gains Last?
June 21, 2011EUR/USD in currency trading The euro forex trading forecast is once again looking uncertain. Today, EUR/USD has turned positive in currency trading, but it is unclear how long the upward trend will last. Gold prices are stable, and there is some support from M&A news. However, the euro may not be able to maintain the [...]
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Forex Trading Forecast: Could the U.S. Dollar Head Higher?
May 16, 2011UBS thinks the dollar is due for a bounce in currency trading The U.S. Dollar has been struggling today, thanks in part to higher gold prices that are supporting other currencies against the greenback. However, this state of affairs may be temporary. Even with concerns about the approach of the debt ceiling in the U.S., [...]
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Africa’s Low-income Countries Lead Growth Forecast
May 8, 2011Another year of strong growth is in prospect for most of the 29 low-income countries in sub-Saharan Africa. The IMF’s latest Regional Economic Outlook projects that these countries’ output will expand on average by 6 percent in 2011, compared with last year’s 5½ percent pace. IMF Survey Magazine
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Euro Forex Trading Forecast: ECB Rate Decision Tomorrow
April 7, 2011Euro consolidates in preparation for tomorrow’s decision While other high beta currencies surge to new highs against the U.S. dollar, the euro is mostly in consolidation mode ahead of tomorrow’s ECB rate decision. Currencies like the Canadian dollar and the Australian dollar are much higher against the greenback in currency trading on the FX market. [...]
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Can the Pound Reach the 1.61 Level?
November 1, 2010Forex trading forecast for the sterling The U.K. pound appears to be finding some solid support in currency trading on the FX market today. Last week, the sterling saw a strong rally, and the forex trading forecast is looking forward to the 1.61 level. For now, things appear favorable for the U.K. pound. Equities are [...]
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Aussie Set for More Gains in Currency Trading
September 10, 2010Forex trading forecast for the Australian Dollar The Aussie is set for more gains in currency trading on the FX market, thanks in large part to signs that the global economy may begin to pick up after all.
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Euro Gains in Currency Trading
July 26, 2010Euro forex trading forecast The euro is gaining in currency trading on the FX market as some degree of risk appetite returns to the market. Even though there are some doubts about the global economy, the U.S. dollar is down across the board and forex traders are showing interest in the euro. Indeed, the euro [...]
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Forex Trading Forecast: U.S. Dollar
February 8, 2010Lack of major economic data means quiet week for dollar in currency trading The forex trading forecast for the U.S. dollar looks to be a bit staid for the coming week. With very little economic data set to be released, it is small surprise that the greenback is expected to be reasonably quiet in currency [...]