Forex Trading TV Video Blog

The US dollar continued to trade on a slippery slope and it got even weaker since the Fed cut the interest rates by a larger-than-expected half percentage point last week. Regarding yesterday's trading day it lost some ground against the Japanese Yen and reached a record low against the EUR on the basis of different assumptions whether the Federal Reserve will decide to cut borrowing costs for a second time this year, a fact which probably will make U.S. assets less "eye-catching" and which could place the US economy in even a more fragile stat... ( read more )

The greenback fell to a new all time low of 1.4160 against the EUR on the back of continued aggravation in the US economy. It seems that everybody is selling dollars as the outlook for consumer spending becomes gloomy with each passing day. Consumer confidence dropped to a 2 year low in the month of September when sales of existing homes fell to a 5 year low. The deterioration in the labor markets, tight credit conditions and rising energy prices were the major reason for the last market figures. The drop in confidence and home sales only rei... ( read more )

Yesterday the greenback continued on its bearish path against most of the majors and it slipped to another new record low versus the EUR. The fears that the subprime crisis will spill over into the broader economy and actually begin to slowdown growth rekindled expectations that the Fed will further slash its 4.75 % key benchmark rate. An additional rate cut by the Fed could have a significant negative impact on the greenback as it will reduce the dollars appeal against the high yielding currencies and therefore it will lower the level of forei... ( read more )

The dollar posted its biggest losses through the past week after the Fed has dropped its benchmark rate to 4.75%, mainly due to the biggest housing slump which threatens to weaken the U.S economy. The USD fell to a record low against the EUR and tested the weakest since 1976 vs. the CAD on speculation that the Federal Reserve will continue to reduce U.S. interest rates. The housing crisis is not over and the Fed is likely to lower interest rates again before the end of the year as the economy comes to a standstill. This week the USD may exten... ( read more )

Yesterday, the US market continued to witness a further deterioration. The USD fell again, setting a fresh record low mainly against the EUR and the CAD. Growing concerns about the US economy and the possibility of further interest rate cuts by the Federal Reserve are the main reasons behind the US dollar's continuous weakness. The USD is trading around the 1.4095 level against the EUR. Yesterday, trader’s attention was focused primarily on the Fed Chairman's Bernanke Speech in front of the U.S Congress. Bernanke told Congress that the c... ( read more )