DailyFX - Forex Market News

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• FOREX: Currency Markets at a Standstill Pending EU Summit Outcome
• USD Graphic Rewind: Super-Euro Has No Kryptonite; Dollar Index Suffers
• FOREX: Dollar Can’t Keep Up the Bullish Momentum as the S&P 500 Rises, Euro Retrenches
• Euro and Aussie Won't Be Denied and Continue to Defy Gravity
• An Intraday GBP/CAD Ascending Channel is Creating Scalping Environment
• Guest Commentary: The Treasury Auction Shell Game
• EUR/USD: Trading the German IFO Business Confidence Survey
• Guest Commentary: Gold & Silver Outlook – 24 March
• FX Headlines: Euro Gains Against Dollar, Yen Ahead of EU Summit
• Forex: Euro Eyes November High, British Pound Consolidation To Gather Pace
• Daily Sound Bites: UK Chancellor Osborne Says Portugal is in "Real Trouble"
• USD Graphic Rewind: Dollar Index Climbs, May be Forming Short-Term Base

FOREX: Currency Markets at a Standstill Pending EU Summit Outcome Posted: Currency markets were at near-standstill in overnight trade as traders held their breath for the outcome of a crucial EU leaders’ summit on the Euro Zone debt crisis.

USD Graphic Rewind: Super-Euro Has No Kryptonite; Dollar Index Suffers Posted: The euro seems to be immune to the negative developments in the EMU as it continues to race higher on interest rate speculation….

FOREX: Dollar Can’t Keep Up the Bullish Momentum as the S&P 500 Rises, Euro Retrenches Posted: Once again, the US dollar was not the arbiter of its own future. Even without strong outside fundamental influences; the benchmark currency would find itself on the sell side of many traders’ ledgers as the yield outlook keeps the pressure.

Euro and Aussie Won't Be Denied and Continue to Defy Gravity Posted: No matter what is thrown at these currencies, they always manage to be very well bid on any form of a dip, with both trading just off their respective multi-month highs against the buck …

An Intraday GBP/CAD Ascending Channel is Creating Scalping Environment Posted: The GBP/CAD pair dropped approximately 1000-pips from late November through the end of December, but after said decline, shot straight upward in the first three weeks of January, gaining nearly 80 percent of its losses in the process.

Guest Commentary: The Treasury Auction Shell Game Posted: Very few people have either the time or patience to sift through the data released by the Treasury Department in the wake of its bond auctions. But the numbers do provide direct evidence of the country's current financial condition that in many ways mirror a financial shell game that typifies our entire economy.

EUR/USD: Trading the German IFO Business Confidence Survey Posted: The German IFO business confidence survey is anticipated to fall back from a record-high in March, with market participants forecasting the gauge for future expectations to weaken to 106.8 from 107.9 in the previous month, and the drop in sentiment could bear down on the exchange rate as the prospects for future growth deteriorate.

Guest Commentary: Gold & Silver Outlook – 24 March Posted: The Libyan war led by the allied forces continue, and the Japanese turmoil is still far from over; in such times of uncertainty the speculation around precious metals runs high, which might be one of the reasons for the recent rally in gold and silver prices.

FX Headlines: Euro Gains Against Dollar, Yen Ahead of EU Summit Posted: The 17-nation currency bloc began their two-day summit in regards to the sovereign debt crisis, which has consumed the Portuguese government as its most recent victim.

Forex: Euro Eyes November High, British Pound Consolidation To Gather Pace Posted: Hawkish comments from the European Central Bank helped to prop up the single-currency on Thursday, and the rebound from 1.4052 may gather pace going into the end of the week as currency traders increase their appetite for risk.

Daily Sound Bites: UK Chancellor Osborne Says Portugal is in "Real Trouble" Posted: A selection of comments by officials made early on Thursday….

USD Graphic Rewind: Dollar Index Climbs, May be Forming Short-Term Base Posted:

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