DailyFX - Forex Market News

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• Daily Sound Bites: European Central Bank's Confirm Their Role in Yen Intervention
• FOREX: Dollar, Franc May Rise as Markets Digest G7 Action, Look to Libya
• USD Graphic Rewind: Dollar Index All Set to Take Out 2010 Lows at 75.60
• Coordinated Yen Intervention Throws Cold Water On Intense Currency Rally
• FOREX: Dollar Offered Early Asian Session Reprieve on G7’s Announcement of Coordinated Intervention
• USD/CAD: Trading the Canada Consumer Price Report
• USD/CAD: Trading the Canada Consumer Price Report
• An Intraday CHF/JPY Ascending Channel is Creating Scalping Environment
• Forex: Retail Traders Retain Bets For JPY Intervention, Rebound In Risk To Be Short-Lived
• FX Headlines: Looking for Stability, Markets Eye G-7 Meetings
• Daily Sound Bites: G7 Source Says Concrete Action Not Expected After Conference Call
• EUR/USD: Trading the U.S. Consumer Price Report
• FOREX: Dollar’s Plunge against the Yen Doesn’t Spread to EURUSD, GBPUSD or AUDUSD

Daily Sound Bites: European Central Bank's Confirm Their Role in Yen Intervention Posted: A selection of comments from early Friday….

FOREX: Dollar, Franc May Rise as Markets Digest G7 Action, Look to Libya Posted: The US Dollar and Swiss Franc may rebound from Asia-session losses as FX markets digest G7 intervention while the crisis in Libya returns to the spotlight.

USD Graphic Rewind: Dollar Index All Set to Take Out 2010 Lows at 75.60 Posted: The greenback continues to southern journey as it cant catch a bid on any front and remains largely unwanted…..

Coordinated Yen Intervention Throws Cold Water On Intense Currency Rally Posted: The price action in the Yen this week looks like nothing more than a stable market with a bad tick on the charts, and we are left wondering what all of this exactly means for analysis going forward…

FOREX: Dollar Offered Early Asian Session Reprieve on G7’s Announcement of Coordinated Intervention Posted: In dire times, it is far more likely that we see drastic policy changes passed by typically dubious officials. That was the case this morning when a special G7 meeting hosted by the Japanese Finance Minister resulted in the decision to a joint effort to sell the Japanese yen. This intervention would have two distinct effects on the greenback.

USD/CAD: Trading the Canada Consumer Price Report Posted: Consumer prices in Canada are projected to increase at an annualized 2.3% for the second month in February, and easing price pressures could spur a selloff in the Canadian dollar as the central bank talks down the risk for inflation.

USD/CAD: Trading the Canada Consumer Price Report Posted: Consumer prices in Canada are projected to increase at an annualized 2.3% for the second month in February, and easing price pressures could spur a selloff in the Canadian dollar as the central bank talks down the risk for inflation.

An Intraday CHF/JPY Ascending Channel is Creating Scalping Environment Posted: The CHF/JPY pair has been trading to the upside formuch of 2011, on increasing concerns that the European sovereign debt situation would become the prevailing market theme for the year, and the Franc provided the most logical safe haven to its European counterpart.That changed over the last few days, as it appears that the Japanese are repatriating funds in order to help finance the rebuilding process.

Forex: Retail Traders Retain Bets For JPY Intervention, Rebound In Risk To Be Short-Lived Posted: Speculation for a currency intervention heighted following the marked appreciation in the Japanese Yen, but the Bank of Japan may continue to weigh alternative measures to stabilize the financial market as investor sentiment remains battered by the nuclear crisis.

FX Headlines: Looking for Stability, Markets Eye G-7 Meetings Posted: The Yen reached surged against its Greenback counterpart early in the Asian session as a global move to unwind of carry trades boost the Pacific Rim nation’s currency to its highest level ever against a basket of major currencies.

Daily Sound Bites: G7 Source Says Concrete Action Not Expected After Conference Call Posted: A selection of comments from officials early on Thursday….

EUR/USD: Trading the U.S. Consumer Price Report Posted: Consumer prices in the world’s largest economy are forecasted to increase at an annualized pace of 2.0% in February, and heightening price pressures could spark a bullish reaction in the U.S. dollar as investors speculate the Fed to gradually normalize monetary policy later this year.

FOREX: Dollar’s Plunge against the Yen Doesn’t Spread to EURUSD, GBPUSD or AUDUSD Posted: Risk aversion has further cemented itself in the capital markets; but the dollar is not having an easy time of capitalizing on the move. Through Wednesday’s session, the greenback was making meaningful progress against all its major pairings expect for its fellow safe haven currencies. And, it would be this now-familiar contrast that would hammer the dollar into the opening hour of the new trading day.

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