DailyFX - Forex Market News

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• Forex Weekly Trading Forecast - 03.20.11
• FOREX: Dollar Drops Below 2010 Lows as EURUSD and GBPUSD Follow Rates, USDJPY Carry
• Japanese Yen to Rise as Intervention Targets Volatility, Not Direction
• US Dollar: Why is the Currency at 2009 Lows With Risk Aversion Rising?
• Australian Dollar Pressured Lower as Risky Assets Resume Decline
• Euro Traders’ Confidence to be Put to the Test after EU Summit
• Canadian Dollar Could Fall Further on Commodity Price Corrections
• How will Rising Price Pressures and FX Interventions Affect the Dollar in the Week Ahead?
• New Zealand Dollar Outlook Remains Bearish As Growth Deteriorate
• British Pound Rally To Gather Pace On Higher Inflation, BoE Minutes
• Gold Outlook Turns Bullish on Renewed Geopolitical Concerns
• Oil Prices Outlook & News Update – March 18
• Crude Oil Six Month Forecast Promises Volatility but Not Direction
• Japanese Fallout May Hit Treasuries
• Forex: Euro Eyes 1.4200 On Rate Expectations, British Pound To Hold Range Ahead Of BoE Minutes

Forex Weekly Trading Forecast - 03.20.11 Posted: US Dollar: Why is the Currency at 2009 Lows With Risk Aversion Rising? Euro Traders’ Confidence to be Put to the Test after EU Summit British Pound Rally To Gather Pace On Higher Inflation, BoE Minutes Japanese Yen to Rise as Intervention Targets Volatility, Not Direction Canadian Dollar Could Fall Further on Commodity Price Corrections Australian Dollar Pressured Lower as Risky Assets Resume Decline New Zealand Dollar Outlook Remains Bearish As Growth Deteriorate Gold Outlook Turns Bullish on Renewed Geopolitical Concerns

FOREX: Dollar Drops Below 2010 Lows as EURUSD and GBPUSD Follow Rates, USDJPY Carry Posted: It seems implausible that the dollar has stumbled to its lowest point since December of 2009 when underling investor sentiment seems to be in the process of marking a meaningful and necessary bearish reversal. Some may consider this evidence that the greenback has simply capitulated to its long-term fall as the world’s reserve currency; but we shouldn’t be so hasty.

Japanese Yen to Rise as Intervention Targets Volatility, Not Direction Posted:

US Dollar: Why is the Currency at 2009 Lows With Risk Aversion Rising? Posted: The US dollar did not end this past week in a good position. In fact, the trade-weighted dollar index actually broke a blatant three-year rising trendline and subsequently closed at its lowest levels since December 2009. Looking at the trend from the greenback alone over the past two months, this development may not seem so surprising. However, when we line this progress up against the fundamental developments over the past week; this breakdown comes as something of a shock. Why is the traditionally safe haven greenback falling when there was a meaningful tumble in investor sentiment this past week? There are two considerations here. On the one hand, this could speak to another phase of the currency’s fall from favor in currency circles. Alternatively, this could also be a reflection of very unique and otherwise temporary fundamental developments. Regardless, determining the dollar’s performance to this point is critical to understanding what direction it takes going forward.

Australian Dollar Pressured Lower as Risky Assets Resume Decline Posted:

Euro Traders’ Confidence to be Put to the Test after EU Summit Posted:

Canadian Dollar Could Fall Further on Commodity Price Corrections Posted:

How will Rising Price Pressures and FX Interventions Affect the Dollar in the Week Ahead? Posted: If inflation was not a credible threat to undermining the global recovery, the tumultuous events of the past week have absolutely made that a reality.

New Zealand Dollar Outlook Remains Bearish As Growth Deteriorate Posted:

British Pound Rally To Gather Pace On Higher Inflation, BoE Minutes Posted:

Gold Outlook Turns Bullish on Renewed Geopolitical Concerns Posted: Gold was little changed on the week, gaining 0.1 percent to $1418.56, ensuring that the precious metal would not fall for the second consecutive week.

Oil Prices Outlook & News Update – March 18 Posted: The adverse effect of the tsunami attack on Japan continues as there are growing concerns for an ecologic disaster due to radiation leaks from the nuclear reactors' cores in Fukushima. The UN decided to enforce a no fly zone in Libya and in Yemen the riots continues.

Crude Oil Six Month Forecast Promises Volatility but Not Direction Posted: It is difficult to forecast where oil prices will be six months from now; because the market is currently wading through many unique fundamental events. Any one of these prominent catalysts could take the market’s reins; and few of these drivers currently have a clear bearing. That said, when projecting the trading conditions for any market, direction is complimented by the level of activity. A clear direction with a low level of volatility translates into a quiet and difficult to trade market. Yet, what we are looking at is shifting episodes of direction backed by a consistent swell in volatility.

Japanese Fallout May Hit Treasuries Posted:

Forex: Euro Eyes 1.4200 On Rate Expectations, British Pound To Hold Range Ahead Of BoE Minutes Posted: The coordinated efforts by the Group of Seven appears to have provided a short-term relief in the currency market, but global policy makers still face a heavy load of challenges as the uncertainties surrounding the world economy continues to bear down on investor confidence.

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