Forexperts Archives

Juncker Comments are Not Strong Enough to Turn the Trend in the Euro

Comments from Luxembourg's Finance Minister Jean-Claude Juncker helped rally the Dollar against the Euro. This is the second time in a week that Mr. Juncker spoke up as the EURUSD neared the 1.60 area. Like last week's statement, he expressed concern that the pace of the U.S. Dollar'... (Apr 23, 2008 6:31PM)

ECB Threatens to Hike Rates

The Dollar was down against all major currencies on Tuesday as weak economic data continues to erode confidence that the U.S. economy will pull out of this "near" recession. The drop in existing home sales was another sign that the economy is still faltering although the rate of decline slowed. (Apr 22, 2008 3:29PM)

Traders are Cautious as the Euro is Poised for a Test of 1.60.

Comments from the European Central Bank reiterating that accelerating inflation is the main reason that it is likely to leave interest rates at current levels helped support the Euro on Monday. Since June 2007, the ECB has kept interest rates at 4% citing the need to fight inflation and drive it do... (Apr 21, 2008 5:54PM)

Another Sell-off in Treasuries Could Force the Hand of Euro Bulls

Weekly Recap The EURUSD started out on a positive note as last weekend's G-7 statement was not strong enough to produce widespread selling. Although altering their official statement for the first... (Apr 18, 2008 7:04PM)

Verbal Invention Puts Short-Term Top in Euro

The U.S. Dollar rallied as statements from Luxembourg Finance Minister Jean-Claude Juncker rattled long EURUSD traders leading to a nervous sell-off. Juncker said that financial markets have misunde... (Apr 17, 2008 5:23PM)

When Will the ECB and G-7 Become Concerned about the Dollar Price Level?

It looks like the European Central Bank was right all this time after all as European inflation accelerated last month. Since June 2007, the ECB has kept interest rates at 4% citing the need to figh... (Apr 16, 2008 7:20PM)

Surprise Strength in Wednesday's Reports Could Turn Short-Term Trend Down in Euro

The EURUSD fell for the first time in three days as major reports showed the U.S. Producer Price Index increased more than forecast in March and the Euro Zone's ZEW survey showed weakness in German ... (Apr 15, 2008 6:51PM)

G-7 Statement Not Strong Enough to Break Euro Stronghold

Over the weekend the Group of Seven said very little to prop up the U.S. Dollar. In its first major revision to its statement since 2004, the G-7 expressed concern about "sharp fluctuations" but did... (Apr 14, 2008 6:19PM)

Will G-7 Statement Prop Up the Dollar or the Pound?

EURUSD traded higher on Friday but inside yesterday's range. On Thursday, the Euro posted a new all-time high, but quickly backed off as traders awaited an announcement from the Group of Seven meet... (Apr 11, 2008 6:04PM)

Interest Rate Differential Keeps Euro Strong Versus Dollar and Pound

As expected the European Central Bank left interest rates unchanged at 4.0%. The ECB's views on inflation and growth were not significantly different from those stated at its last meeting on March ... (Apr 10, 2008 5:56PM)

Hawkish ECB Comments are Likely to Pressure the Soft Dollar

Higher crude oil, a weak stock market, and a possible 50 bp cut by the Fed on April 30 combined to drive the Euro higher on Wednesday. With the European Central Bank expected to keep rates at 4% and... (Apr 09, 2008 5:46PM)

U.S. Economic Woes Impact U.K. Housing Market

The U.S. Federal Reserve's March minutes did not have the anticipated mpact on the Forex markets. Here are some of the highlights of the FOMC minutes: About the economy, the Fed was looking for a ... (Apr 08, 2008 7:11PM)

Ashraf Laidi

Darrell Jobman

Hans S. Nilsson

Lena Manousarides

• Michael Woolfolk, economist at Bank of New York
• Thomson Financial News - "The dollar appears set for a period of renewed stability in 2008 as long as interest rate differentials and the US credit crisis do not deteriorate any further." Michael Woolfolk

• Katarzyna Zajdel-Kurowska, polish deputy finance minister
• Thomson Financial News - "The biggest threat for inflation next year remains fuel prices and rising global demand for agricultural produce. We can, however, assume that together with a likely fall in food prices in the second half of next year inflation will start to fall. It is clear that the recent rise in inflation is due chiefly to ri... Katarzyna Zajdel-Kurowska

• Robert Brusca, economist at FAO Economics
• Reuters - "This is still a big deficit even though we had some modest reduction. Some of that progress is due to the fact that imports have been restrained and the economy is weakening." Robert Brusca