Forex Bull

Gold prices have surged almost 25 percent this year—hovering around $1,100 an ounce. Will gold’s bull run continue in 2010? Jim Steel, chief commodities analyst at HSBC, shared his insight.

The dollar was mixed in light trading Thursday, as market volumes dried up on the last day of the year. The 16-nation euro slipped to $1.4321 in late New York trading from $1.4334 late Wednesday, while the pound rose to $1.6169 from $1.6069.

British Pound at a Crossroads Ahead of Bank of England, US NFP’s Fundamental Forecast for British Pound: Neutral – Bank of England decision dominates British Pound event risk in week ahead – UK Hometrack data points to improved real estate market – British Pound forecast bullish against the Japanese Yen – British Pound volatility likely to continue The British Pound finished the week modestly higher against the US Dollar on a sharp reversal in late-week trade.

US Dollar Recovery To be put to the Test though Busy Week in Forex Euro May Find Strength in Renewed Fundamental Trends, Data British Pound at a Crossroads Ahead of Bank of England, US NFP’s

Euro May Find Strength in Renewed Fundamental Trends, Data Fundamental Forecast for Euro: Neutral – Long-term fundamentals are still a disappointment for the euro heading into the end of the year – German consumer-based inflation figures hit an eight-month high – the hawkish crowd garners momentum – Short-term EURUSD technicals clash with longer-term trends We are at the end of the year, and our assessment of the performance of the euro depends on the time frame at which we approach the currency on.

US Dollar Recovery To be put to the Test though Busy Week in Forex Fundamental Outlook for US Dollar: Bullish – Safe-haven US Dollar pulls back with improved signs of global growth – Short-term US Dollar forecast dims on one-sided options sentiment – Key data to force a surge in US Dollar trading volume The US dollar finished marginally lower against key forex counterparts through an uneventful week of trade, and markets now look to the coming week’s critical economic data to determine broader direction for the US currency.

• Euro Struggles to Revive Strength, Can Next Week’s Event Risk Help? • British Pound Finishes the Year Strong on Housing Data

In this article you will find 8 different trading ideas for 2010, each representing the personal opinion of a DailyFX analyst. In fact, exchange rate forecasts are often wrong because no one can really predict the future .

We are approaching the point where liquidity has already been ravaged by market conditions and the ranks will soon be thinned even further as the market closes for the holiday.

Encouraging words from the UK’s Central Bank that could be further proof of the impact of quantitative easing economic policy.