• Trade Now

US Dollar: Calmer Times Ahead?

Written by ForexCult Team
Rate this item
(0 votes)
March certainly was the active month in the online forex trading and currency market. The Euro against the U.S. Dollars, hit an all time high less than 100 pips away from 1.60 value meanwhile USD/JPY fell to an intra day low of 95.76 value. Those daily ranges of these two currencies have also expanded as 1 month volatility in the Euro against U.S. Dollars went the highest price since 2004. This suggests that volatility has hit a abnormal rate, which means that it may soon turn back to the mean. In other words, the days of 200 pip changes in range between the Euro and U.S. Dollars will might be changing very soon until will not exist. The price action in the U.S. Dollars post non-farm payrolls indicate that the traders are very divided on the outlook for the USD and more specifically US monetary policy. Three consecutive months of job losses warrant a rate cut from the Fed Reserve, as we see it the job numbers alone may not be enough to convince the Fed to cut 50bp instead of 25. Next week, there are not enough economic data for speculations that could help shed more light on what is going to be the action the Fed Reserve should take during the end of the March. The only important U.S. data on this frame of time is the trade balance and import prices as well as consumer confidence that are unfortunately not not to be discussed this week. The minutes from the March 18 FOMC meeting could help the speculation on the above issue but even the Fed has probably not decided what should be the action at the end of the month. The labor market is deteriorating and will get lower. usedeposit.com do not expect job growth to turn positive for at least another 6 months. looking on the outlook of growth the Federal Reserve should bring interest rates down to 1.75 percent on April 30.

Add comment

Currency converter


Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

Broker of the Month

5_small_logoUFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease.

By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.