Market Analysis

Fundamental

Technical

Futures

Central Banks

Forex Brokers

Trading Tools

More Tools

 

The current market sentiment

16-07-2008 - Walid Salah El Din  |   Fundamental Reports
Rate this article:
Currently 5.00/5
Rating: 5.0/5 (1 vote cast)
Previous Analysis | Next Analysis 
 
Text Size
Print
Email
Add a Comment
Add to Favorites

The greenback could have support from the Oil prices easing lower than 140$ per barrel. The US CPI data has come higher than the market expectations showing strong inflation upside risks in US in this same time of struggling growth. US CPI June y/y came at 5% and the market was expecting 4.5% and the core figure which excludes the food and energy has come at 2.4% and the market was waiting for 2.3%. The data can add more gains to the greenback as it shows the increased inflation pressure on the Fed to consider rate hiking in the face of this building inflation in US.

We wait now to listen to  Ben Bernanke's semi annual monetary policy testify at the house and the recent meeting minutes of the Fed on 25 June when it has kept the interest rate unchanged at 2%. His earlier comments this week were dovish regarding the financial market performance and the current growth downside risks in US in this time of high oil and commodities prices which erode the fed easing stimulating policy to spur investment and demand.

Best wishes
Content Provided by:
Walid Salah El Din - http://www.fx-recommends.com
We were the first to represent FX trading consultancies and FX management services. We respect our clients' minds. We always tell them about our reasons and the change of current market sentiment and how this can change the best to buy and the best to sell. Forex and CFDs are the most volatile marke
Become a member and get 6 free Forex courses by OTA!

 
  • Charts
 
  • Promotions
 
 

 
  • Webmaster Tools
Economic Calendar
Interest Rates
RSS
Live Currency Cross Rates
Exchange Rates Table
 
 
  • Survey

How long have you been trading forex?

Total Newbie
Less than a year
3 years or less
5 Years or less
More than 5 years

 
ForexPros.com Newsletter
 

 
  • Sponsored Links
 
 

Special Offers: