forex opportunity – Latest forex opportunity news – Economic data continues to test Bull case 08/24/09
Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…
Economic data continues to test Bull case 08/24/09
Weekly Market Preview: Chicago – Establishment media continues to use the above headline as though it's something new every week. Far from that, it's actually been SOP in financial markets for as long as anybody can remember. …
Real Estate Investing Tips For Today’s Market
A number of things likely come to mind when you think of real estate investing. If you are already familiar with real estate investing you may think of short sales, bulk reo investing and virtual real estate investing or you may think …
Have You Seen Any Green Shoots of Recovery Yet?
Many people believe that we may be through the worst of this current economic downturn, or perhaps they are just saying this in an attempt to restore some confidence back into the system. Over the last couple of weeks I have been asking …
Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.
Have a great day!
Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…
Interbank FX Named Finalist in the Sixth Annual Stevie® Awards for Women in …
About IBFX / Interbank FX Headquartered in Salt Lake City, Utah, Interbank FX, LLC (IBFX) is a provider of online Forex trading services. … Read More…
Don't be afraid to dip your toe in the volatile forex waters
Volatility is a double-edged sword – it offers the opportunity of quick significant profits, but hand in hand with that goes the risk of much bigger losses … Read More…
Currency Crosses: Technical Outlook
He is the author of Sentiment in the Forex Market. Follow his intraday market commentary at DailyFX Forex Stream. Contact Jamie at jsaettele@dailyfx.com if … Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.
After a slight return to risk appetite on Monday and Tuesday risk aversion returned with a vengeance after remarks by Federal Reserve President Bernanke and Treasury secretary Geithner failed to provide specifics about the rescue packages proposed for the troubled US banking sector. This, in turn, resulted in diminished Forex opportunities. The proposed bailout packages were seen as short on specifics and long on promises.
Plans Not Living Up To Expectations
The long awaited remarks from Geithner said that the US government was considering setting up a public and private fund to buy over $1 trillion dollars worth of toxic assets from banks. The plan was seen by many as fumbling by the Treasury and gave the impression that months into the financial crisis the Fed was still struggling to come up with a coherent plan. This sent many Forex traders and investors to the safe haven and Forex opportunities the Dollar and Yen provide in times of crisis. Matthew Strauss of RBC Capital expressed the thoughts of many when he stated, “Geithner’s new bailout plan did not live up to expectations, by a large margin, and his comments that the government “will have to try things we’ve never tried before” and “we will make mistakes” did not exactly instill market confidence.”
Bank Rescue Plan Disappoints
Earlier in the week the Australian and New Zealand dollars had provided Forex opportunities to many investors but the uncertainty resulting from Geithner’s remarks sent many back to the safe haven and limited forex opportunities offered by the Dollar and the Yen. The US Senate passed an $838 billion dollar stimulus package but this was overshadowed by disappointment over the bank rescue plan.
Bank of England Expected to Lower Rates
Both the House and Senate will now have to debate the details of the plan causing further delay and limiting Forex investment opportunities for many investors. In the UK the Bank of England is expected to lower its growth estimate and there is speculation that the bank may follow the Federal Reserve in cutting rates to zero and possibly adopt quantitative easing.
Risk Aversion Dominant
Risk aversion has been the dominant theme throughout the global financial crisis and has limited Forex opportunity for investors. Returns to risk appetite have been short lived but many investors have been able to snatch up what Forex opportunities were available during these short lived periods. It is becoming obvious that this crisis will take longer to fix than was once thought.
Jeff Davis is an expert financial writer and specializes in the Forex Market and currency trading. You can find his recent articles at: http://www.forexopportunity.org.
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