Making predictions is always risky because the chances of you being 100% correct are pretty slim. This Forex prediction for 2010 is based on my own opinion only and how I analyze the market and the world's economy. Don't base your trading decisions on my opinion only. Make sure you actually believe the same things I do.That being said, now I can say what I believe will happen in the Forex market in 2010:
1. The USD will rise - The economic crisis, low interest rates, and big deficit weighed down on the US dollar throughout 2009 and brought it to very low levels. The troubles of the American economy are not over. There are still challenges to face as the deficit is still huge and the economy is still not back on track.
However, there are signs of improvement for the future. In addition, there is indication that the FED will raise interest rates in 2010 which is certain to cause the dollar to rise.
2. The Euro will fall - I can't say by how much but I think the European currency is heading for a decline. There are just too many unstable nations in the European Union, too many shaky economies. We all know how Greece is in serious trouble and Spain is not far behind. There are many more nations (including Britain) which are in a deep financial crisis.
While the USD has already suffered due to the financial situation in 2009, in 2010, the EUR is set to bear the brunt.
3. Political instability may cause major fluctuations in oil prices and currency values. The West seems on a road for a confrontation with Iran which may have a dramatic, short term effect on the market.
4. As to the market in general, I believe that it is going to grow in size. More money will enter the market and it will continue to be the biggest financial arena in the world. More new automatic tools will be developed, and, as has been before, there will be plenty of opportunities for savvy traders to make big profits.
There you have it, my personal Forex prediction for 2010. I hope this will prove to be your most lucrative year ever. Good luck.
2010 is the time to dig deep, expand your trading knowledge, practice, and create an array of trading tools and methods which you know how to work with.
To get a FREE report on how to choose the best broker, find the most accurate robots, and build the finest trading strategy for you, click here: Free Forex Strategy Report.
To discover which is the best Forex robot in the world, read this review of 3: Automatic Forex Trading Software Review. John Drummond works from home. He writes often on business, trading, and finances.
Article Source: http://EzineArticles.com/?expert=John_J._Drummond
4 comments:
one think for sure... I really not have faith in any Forex.. maybe you could help me and guide me if I really can trust with this Forex things.
Fyzals Territory
good info, thanks
nice post
Some sort of forex currency trading automaton can easily check your ever before altering exchanging marketplace problems in addition to movements which enables it to execute deals without immediate of the company's human manager. It is really an successful commitment recoverer and in the end, can assist it is seller gain increase without them sweating a whole lot.
However, before one particular forms which has a particular foreign currency robotic, he or she must 1st manage to find the best forex software. Accomplished by way of a number of points as well as means - and the are listed below. forex trading beginners guide
Shop around - research
Post a Comment