2DEILY FX
View this email on your mobile device | View this email as a web page
Where is the Dollar Headed?
The euro has reached 1.60 to the U.S. dollar, and there’s currently no end in sight for the euro's strength. Speculators will continue to take the currency higher until the European Central Bank (ECB) starts to wince. That may not come for another several hundred pips.
The dollar looks likely to continue falling and the euro to continue rising until either the U.S. or euro zone dramatically changes its policy or intervenes. Next week, the Federal Reserve will meet to set interest rates. A cut of only 25 bp would be a sharp departure from their previously aggressive 50 and 75 bp cuts, suggesting that the Central Bank may be slowing down. Continue Reading
New DailyFX Tool: Economic Countdown Calendar
Watch a recent DailyFX+ Webinar: EUR/USD crosses 1.60
Contact Us: Find out how to take advantage of the falling dollar
Where will the Dollar Go?
Put your currency trading ideas into action Open an FXCM Account
FXCM.COM | Contact Us | Currency Converter | Disclaimer & Privacy Policy
©2008 Daily FX. All Rights Reserved.
RISK WARNING: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your monetary objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent advisor if you have any doubts. Past returns are not indicative of future results.
FXCM and its affiliates assume no responsibility for errors, inaccuracies or omissions in these materials. They do not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. FXCM and its affiliates shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. This email is not a solicitation to buy or sell currency. All information contained in this email is strictly confidential and is only intended for use by the recipient. FXCM is compensated for its services through the spread between the bid/ask prices. This communication was sent from a non-monitored alias email account. All replies should be sent to info@fxcm.com. Replies sent to info@fxcm.com will be received by the FXCM corporate email system and are subject to storage and review by someone other than the recipient.
For recipients of this communication who are resident in the UK or have an account with FXCM LTD (“UK recipients”), this communication should be treated as having been issued by FXCM LTD.
FX CLUB
