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Day: December 31, 2013
December 312013
Loonie Gets Boost on Final Day of 2013
Loonie is finally getting a boost today, ending a rather lackluster year on a high note. Canadian dollar has seen its strength leak away over the course of 2013, and many believe that parity with the US dollar is gone for quite some time. Canadian dollar started the year off at right around parity with the US dollar, but that has since changed. Volatile oil prices haven’t […]
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December 312013
Economic Expectations Boost the UK Pound
Economic expectations are helping the UK pound today, especially against the euro. The pound is seeing success as Forex traders and analysts look to 2014 for continued improvement in the UK economy. Many expect good news for the housing sector, and that is expected to form the cornerstone of economic recovery. During 2013, the sterling appreciated against 13 of 16 major counterparts. Today, the UK pound is at a three-week high against the euro. Even though […]
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December 312013
Forecast for 2014 — Forex, Gold, Oil, Interest Rates
I would not call my forecasting abilities impressive. Although my last year’s forecast about some FX pairs was rather precise in terms of direction, my guesstimates of the particular levels were mostly incorrect. Anyway I would like to present my view of the markets for the year 2014. Before presenting my new forecast for each of the trading instruments, I will first review my previous forecast (for the year 2013), giving some commentary on the outcome. Contents 1 EUR/USD 1.1 […]
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