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However, forex demo New Zealand is under its fifth consecutive quarter in recession, making it the most prolonged contraction forex trading software reviews since quarterly records began in 1987. "People are looking forward to 2010."

The Fed said in its statement it believes that inflation would remain currency trading singapore "subdued," expressing more concern about deflation, in which falling prices lead businesses to further cut their output and employment. Experts are divided about forex demo how long the dollar will trend downward for, though they agree that it will be some time until a recovery can occur. forex malm

Government plan to buy up its own debt continued to plague the dollar and experts say the free-fall could last a long time.The Federal Reserve announced that it would purchase $300 billion of long-term forex trading signals Treasurys ecn forex over the next six months. "People no longer want assets in dollars because the yield best forex book is so small."

Accordingly, the euro gained 1.5%, hitting a fresh 2-month high against the dollar. "Under 0.5045, consider supports for the next hours at 0.5008, 0.4956 and 0.4900, 7 years low." Dollar weakness may have legs

A U.S. Currency also depends on relative strength of the stock market. "We're not forex scalper going to get out of this environment in 2009," Sousa said. Assets become less attractive to foreign investors, leading to a decline in the forex trader reviews dollar relative currency market to other currencies."Usually, one of the things that supports a currency is the nation's benchmark claire yield," said Gery Sousa, senior currency strategist at Forex Capital global forex trading review Markets. 

Bryson sees the euro gaining to about $1.39 and the pound moving higher to $1.45 in the next week or two, but argued that a long-term plunge may marine plywood not be in the cards, as other central banks may be enticed to join into the quantitative easing game. In its statement the Fed said it "sees some risk that inflation could persist for a time below rates that best sheffy economic growth and price stability currency trade in the longer term."

Sousa said that will be bad for the dollar, because the U.S. Economy will be the first to recover among its peers. The British pound bought $1.4525, up 1.8% from $1.4272, and the dollar sank against the Japanese yen, falling 2.2% to 94.06 from 96.23. "Looking forward, the greenback probably will weaken further, at least in the near term, forex currency exchange versus most other major currencies," said Jay Bryson, global economist at Wachovia, in best forex a note to investors. Above 0.5100, intraday resistances will be at 0.5142 and 0.5200 zone.

The NZD/USD testing the 0.5070 resistance ahead the rate decision

- The NZD/USD has been trading between the 0.5070 and 0.5040 along the American session and ahead of the RBNZ Interest Rate Decision. "Stocks won't perform well in a deflationary environment, because companies will be forced to cut prices, which will ultimately drive profits lower," Sousa said. But the decision to buy up massive amounts of government bonds sent Treasury yields lower, forex signal software as prices move in the opposite direction of interest rates. Still, much of the dollar rally that has continued almost uninterrupted since the summer has been based on investors' bets that the U.S. Bryson said the dollar may rise in the long term if traders believe the Fed's actions hasten an economic recovery. Add

headlines to your personalized My Yahoo. Currencies soared against the dollar with the dollar falling by more than 3% against the euro, the largest decline in nine years.

Currency's chances of rebounding, according to Sousa. "If the European Central Bank engages in its own version of 'quantitative easing,' then the euro could give up the gains it has racked up over the past few days."

But Sousa said that the sheer length of the Fed program -- six months of buying top forex brokers up bonds -- will drive down traders' sentiment about the dollar for at least that long. The upside is contained by the 20 SMA that has lost it bearish tone and turned to flat. Currently, the pair is trading around the 0.5030/50 levels.The pair has rallied today ahead the rate decision from the 0.4974, as uptrend line support, breaking the 0.5040 resistance level and touching the 0.5070.According to Gerrie Bednarik, Collaborator, the NZD is also being favored by the rebound in risk appetite. A similar drop in stocks this time around could hurt the U.S. The 16-nation currency traded wireless forex trading at $1.3676, up from $1.3474 late Wednesday. "Although the greenback will probably depreciate further in the near term, it is not entirely clear that the dollar longer-term trend is down," Bryson said. "From a technical perspective, the pair has stated the day just above a daily descendant trend and continues above it.

Called "quantitative easing," the program is designed to lower borrowing costs for consumers and get credit flowing more freely again. "Treasurys aren't the only factor that matters - another thing that drives performance of currencies is the performance of assets in those currencies."

Furthermore, Treasury yields sank sharply after the Fed's announcement to levels not seen since December - when the last stock market rally ended and market indexes plunged to 12-year lows. So the Reserve Bank of New Zealand will cut the official cash rate by 50 basis points to 3 percent, in an attempt to steer the economy out of its worst recession in 22 years.Valeria provide us with her levels.