Easy-Forex: Ready? Trade.

Fed Cut Talks Increase Confidence in High Risk Currencies

Friday, November 30th, 2007

Japanese YenRecent talks by Federal Reserve Vice Chairman Donald Kohn about possible interest rates cut by the Fed added confidence to the Forex market traders that rely on buying risky currencies with the cheap low risk Japanese yen - so called carry traders.

Fed’s Projections - Uncertain

Wednesday, November 21st, 2007

Federal Reserve’s FOMC published its first meeting minutes to include the 3-year projections of the committee members regarding the GDP growth, consumer prices inflation and unemployment rate. While the average projection expectations didn’t differ greatly (except for the year 2008) from this year’s results, the uncertainty of the inflation projections spoke for itself - Fed is unsure of the impact the interest rates manipulations will have on the consumer prices growth.

EUR/USD on Record High

Tuesday, November 20th, 2007

As the Forex traders wait for today’s housing data release, EUR/USD reached its new historical maximum at 1.4778. With just a little trailing back it continues to hover around 1.4770 level ready to strike again to probable 1.4800 level.