Forecasts for economic growth during the second half of this year and 2010 have been steadily ratcheted up as most of the monthly economic indicators have come in better than expected. We have raised our own estimate modestly

Euroland: Arguments for ECB to Hike in 2010

• The focus of the ECB now appears to be shifting from whether to implement more stimulus measures to when to begin withdrawing them.

Possible risks and profits to be made can always be predicted if traders would only have more accurate Forex forecast to base their trade and decisions upon. Forex forecasts are only one way of keeping up with the volatile Forex market. Success will depend the most in knowing what and who will affect the rate changes.

Mature wave structures and momentum divergence at recent highs in the EURUSD, AUDUSD, and NZDUSD favors additional US dollar strength.  The GBPUSD is contained by channel resistance.  The USDJPY trend is bearish below 96.70.

With the doomsday scenario apparently off the table, prospects for recovery have helped fuel the resurgence in stocks and in some commodity prices. The first wave of the Treasury's unprecedented debt sales have been absorbed relatively smoothly, though the US dollar has weakened substantially on concerns about the mounting government debt burden.

Upbeat economic data dominated in August especially in the United States where the improvement in housing statistics and auto sales stole the headlines. Globally, talk of the end of the recessions in Germany,

Measured from the collapse of Lehman Brothers, the global financial crisis will have its one year anniversary this month. Lehman went into its final death spiral last September, imploding as the Fed and Treasury decided to use the demise of the relatively small investment bank as a lesson to Wall Street about moral hazard.

If there was any doubt to the dollar’s primary fundamental driver, the currency would forge a new 14 year low on a trade weighted basis and against its European counterpart while the Dow officially climbed above the 10,000-mark. Investor sentiment is keeping the greenback held down while a current of optimism sweeps the markets higher.