Market Opinion
This report has been deactivated

1

0
Fed leaves rate unchanged.
Wed, Jan 28 2009, 22:58 GMT
by James Whyte
ForexAmericas
Markets for January 28, 2009 by James Whyte In the news: The Fed met today and left the benchmark rate unchanged at .25%. In the statement the Fed mentioned it would keep rates low for some time. The Fed also noted it will make some changes in policy, including opening to possibilities of buying long term treasuries and more bad mortgages. Today crude oil staged a comeback late in the trading session, due to the rally in stock markets and an unexpected decline in gasoline inventories. Analysts are speculating the price of crude could reach $50 a barrel by the end of this week or early next week. At the end of the day stocks ended higher led by the financial sector and the Dow closed at +200.72. Later tonight (6 pm EST) the house will vote on President Obama’s stimulus package.
In focus today:
GBP/USD: Sterling continued climbing overnight and early this morning in New York. The pair reached a high of 1.4377 in late London, early New York sessions. However, during the fed statement the Cable fell rapidly to 1.4165 where it found temporary support. For now we still believe the pound will continue moving higher at a steady pace, base on the good news from the banking sector in the U.K. last night where it was reassured the UK banks would not have to become nationalized.

Published on
Wed, Jan 28 2009, 23:01 GMT
Archive
- Euro falls following Trichet's comments.
Published On Fri, Mar 6 2009, 04:59 GMT
- U.S. Dollar advances vs. Yen.
Published On Thu, Mar 5 2009, 04:54 GMT
- Dow dips to 12-year lows.
Published On Tue, Mar 3 2009, 06:29 GMT
- Dollar index climbs to new highs.
Published On Sat, Feb 28 2009, 00:49 GMT
- Dollar near 3-month highs.
Published On Mon, Feb 23 2009, 22:50 GMT
[ View All ]
ForexAmericas
| 5141 Cheryl Drive Huntington Beach, CA 92649
http://www.forexamericas.com/ | info@forexamericas.com
Legal disclaimer and risk disclosure
Any opinions, news, research, analyses, prices, or other information contained on this website or in our newsletters is provided as general market commentary, and does not necessarily constitute investment advice. The ForexAmericas, JW Corp., its affiliates and agents 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.
Related reports
Currency Trading News - US Dollar Remains in Downtrend Despite Gains – High Event Risk Next Week by DailyFX
Mon, Nov 23 2009, 05:35 GMT
Market Morning Briefing - Market Morning Briefing by Kshitij Consultancy Service
Mon, Nov 23 2009, 03:32 GMT
Daily Forex Outlook - USD Carry Trade Under Threat by Easy Forex
Mon, Nov 23 2009, 02:59 GMT
FX Weekly Report - Dollar could be reaching the Rubicon by Trading Metro
Mon, Nov 23 2009, 02:09 GMT
Forex Market Alerts - GBP/USD, EUR/USD Flows - Cable, Euro squeeze to day highs on Asian, funds demand by FXMarketAlerts
Mon, Nov 23 2009, 01:31 GMT
fed, interestrate, gbpusd
View All
Related content
Forex: GBP/USD: Pound reaches 1.6570 on recovery from 1.6460 low
FXstreet.com | Mon, Nov 23 2009, 07:58 GMT
Asian shares , mixed after a positive opening; Euro rallies
FXstreet.com | Mon, Nov 23 2009, 07:10 GMT
Forex: GBP/USD above 1.6500
FXstreet.com | Mon, Nov 23 2009, 02:32 GMT
Fed’s Bullard: USD still world’s reserve currency
Forex Live | Mon, Nov 23 2009, 01:02 GMT
UK Recession Is Catalyst For Decade Of Business Change -CBI
Dow Jones | Mon, Nov 23 2009, 00:16 GMT
fed, interestrate, gbpusd
View All
FX Market Readings » US session - expected moves
Mon, Nov 23 2009, 02:31 GMT
Chartology » GBP/USD Intraday Mark Down Set Ups
Mon, Nov 23 2009, 02:30 GMT
FxBootcamp » FOREX VIDEO - ASIAN OUTLOOK NOVEMBER 23rd 2009
Mon, Nov 23 2009, 02:28 GMT
The Disciplined Trader » GBP/USD - What could the path be for the next few months?
Mon, Nov 23 2009, 02:26 GMT
The Advisor Weblog » Pound falling big
Fri, Nov 20 2009, 12:11 GMT
fed, interestrate, gbpusd
View All
Gbpusd - Forex Forum - FXstreet.com
Tue, Apr 28 2009, 14:55 GMT
Technical analysis for EUR/USD, GBP/USD - Page 5 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
The technical analysis of majors - Page 3 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:02 GMT
Daily Market Report For All Majors - Page 2 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 11:58 GMT
fed, interestrate, gbpusd
Live Coverage of FOMC US Interest Rate Announcement
Jerry Furst | Wed, Oct 29 2008, 17:30 GMT
Live Coverage of FOMC US Interest Rate Announcement
Jerry Furst | Tue, Dec 16 2008, 18:30 GMT
How to Survive and Prosper in 2009 Credit Crisis
John W. O'Donnell | Wed, Jan 14 2009, 17:00 GMT
Live Coverage of FOMC US Interest Rate Announcement
Jerry Furst | Wed, Jan 28 2009, 18:30 GMT
Central Bank Review
Adam Rosen | Tue, Mar 10 2009, 16:00 GMT
fed, interestrate, gbpusd
View All
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
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.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.