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British Pound Could Bounce, but Long-Term Forecast to the Downside
Monday, 13 October 2008 07:57:24 GMT  |  John Kicklighter, Terri Belkas, David Rodriguez, John Rivera, Ilya Spivak and David Song, Currency Analysts
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Regardless of the market you are following (Forex, stocks, commodities) or the specific assets you trade (whether the safe haven US dollar, low-yielding Japanese yen, recession-prone crude), risk and panic are the common threads for activity. The world's economic super powers have already attempted to forcibly revive confidence in lending and investing; but to no avail. Now, with the G7 convening - and with the knowledge that only dramatic efforts may be able to stabalize the markets - investors the world over are waiting to see whether the broad market crash will continue next week or a bottom can be put in place.

 

Dollar Strength Over Extended Shaky Safe Haven Status
Euro Forecast Depends on EU Summit To Determine Joint Action
Japanese Yen Locked to Global Risk Sentiment as Markets Digest G7
British Pound Could Bounce, but Long-Term Forecast to the Downside
Swiss Franc Just As Linked To Risk Appetite As The Dollar And Yen
Canadian Dollar Could Gain On Technical Retracement
Australian Dollar May Sink Further As Commodity Sell Off Continues
New Zealand Dollar Outlook Bearish As The Flight to Safety Continues

 

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