Search
Forex Currency Outlook
0
0
ECB presses interest rate button
Wed, Jul 9 2008, 15:58 GMT
by Economic and Strategy Team
• The latest move by the ECB has lifted the real key rate in Europe to +25 basis points against -200 in the United States. However, we do not believe that the European monetary authority will need to tweak the real rate any higher. The ECB has drifted a good distance away from real indicators and may be seriously jeopardizing growth in the process.
• The current EUR/USD exchange rate has factored in an overly aggressive increase in European interest rates, which should work against the euro in the short term.
• The current world economic slowdown, together with a probable decline in world oil prices, is likely to bring about a major reversal in long and short positions in the CAD market.
• The loonie could thus break out of the narrow bracket it has been confined to since the beginning of the year and trade at a lower range between 93 and 98 cents U.S.
Published on Wed, Jul 9 2008, 16:02 GMT
Archive
- Volatility takes hold of foreign exchange market
Published On Tue, Nov 11 2008, 08:25 GMT - Loonie headed for long-term balanced level
Published On Wed, Oct 8 2008, 15:45 GMT - Greenback back on track--for good?
Published On Tue, Sep 9 2008, 08:07 GMT - Tide turning for cyclical currencies
Published On Tue, Aug 12 2008, 07:49 GMT - ECB presses interest rate button
Published On Wed, Jul 9 2008, 15:58 GMT
National Bank of Canada
| 1100 University, 11th floor Montreal (Québec) H3B 2G7
http://www.nbc.ca/ | info@nbc.ca
Legal disclaimer and risk disclosure
This presentation may contain certain forward-looking statements about the 2006 Economic and Financial Outlook. Such statements are subject to risk and uncertainties. Actual results may differ materially due to a variety of factors, including legislative or regulatory developments, competition, technological change and economic conditions in Canada, North America or internationally. These and other factors should be considered carefully and readers should not rely unduly on National Bank of Canada’s forward-looking statements. This presentation may not be reproduced in whole or in part, or further distributed or published or referred to in any manner whatsoever, nor may the information, opinions or conclusions contained in it be referred to without in each case the prior express consent of National Bank.Interested in forex trading? forex brokerage firms!
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money 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 financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.