DailyFX - Forex Market News

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• Forex Trading Weekly Forecast - 03.28.2011
• Australian Dollar to Decline Amid Broad-Based Risk Aversion
• British Pound Caught Between Rate Hike Bets, EU Debt Crisis
• Euro's Fuse Has Been Lit, Rate Expectations Now Critical
• FOREX: Dollar Still at the Mercy of Risk Trends and Euro, But Medium-Term Outlook is Shifting
• Will the Dollar Recover from 2009 Lows as the Rate Outlook Perks Up?
• Canadian Dollar Path Unclear After Government Collapses
• Gold Outlook Remains Bullish as Geopolitical Concerns Persist
• Gold Outlook Remains Bullish as Geopolitical Concerns Persist
• US Dollar: Nonfarm Payrolls to Set Tone for April in Pivotal Week for FX
• New Zealand Dollar At Risk For Near-Term Correction
• New Zealand Dollar At Risk For Near-Term Correction
• Japanese Yen To Depreciate Further As Fears Subside
• Japanese Yen To Depreciate Further As Fears Subside
• Guest Commentary: Trading Psychology - 7 Steps to Becoming a Great Trader
• Commentary by Central Bank Policymakers Could Overshadow Data Next Week
• Portugal Debt Repayments Loom Large, Euro at Risk
• Forex: Euro Holds Narrow Range As EU Attempts To Buy Time, British Pound Continues To Search For Support
• FX Headlines: Franc, Yen Weaken on Recovery Outlook

Forex Trading Weekly Forecast - 03.28.2011 Posted: 26 Mar 2011 02:05 AM PDT US Dollar: Nonfarm Payrolls to Set Tone for April in Pivotal Week for FX Euro’s Fuse Has Been Lit, Rate Expectations Now Critical Japanese Yen To Depreciate Further As Fears Subside British Pound Caught Between Rate Hike Bets, EU Debt Crisis Canadian Dollar Path Unclear After Government Collapses Australian Dollar to Decline Amid Broad-Based Risk Aversion New Zealand Dollar At Risk For Near-Term Correction Gold Outlook Remains Bullish as Geopolitical Concerns Persist

Australian Dollar to Decline Amid Broad-Based Risk Aversion Posted: 26 Mar 2011 01:59 AM PDT

British Pound Caught Between Rate Hike Bets, EU Debt Crisis Posted: 26 Mar 2011 12:54 AM PDT

Euro's Fuse Has Been Lit, Rate Expectations Now Critical Posted: 26 Mar 2011 12:44 AM PDT Euro-region fundamentals deteriorated significantly this past week; and yet the euro has given up relatively little ground against its primary counterparts – the US dollar, British pound, Japanese yen and Swiss franc. Is this a sign that the currency is impervious to such fundamental developments? Are interest rate expectations that intoxicating that they can counterbalance such a significant corrosion of the EU’s financial stability? There is certainly some level of truth in both of these considerations; but the burden to maintain the euro’s bullish bearings has grown exponentially. All we need is a meaningful catalyst to turn uncertainty into genuine fear; and the currency’s advance can quickly turn into a reversal.

FOREX: Dollar Still at the Mercy of Risk Trends and Euro, But Medium-Term Outlook is Shifting Posted: 25 Mar 2011 11:23 PM PDT Having started the week by diving to lows last seen back in December of 2009, the US dollar closed the period out with a notable effort to reverse its fortunes. Friday’s performance was particularly remarkable for the currency as it was the biggest rally for the trade-weighted Dollar Index in two weeks.

Will the Dollar Recover from 2009 Lows as the Rate Outlook Perks Up? Posted: 25 Mar 2011 07:42 PM PDT There are many fundamental headwinds that are keeping the US dollar on its bearish path – long-standing deficits, uneven economic growth, a gradual effort to diversify away from the reserve currency and stubborn risk appetite trends have all played prominent roles over the past months. However, one particular concern stands out above all the rest: restrained interest rate expectations.

Canadian Dollar Path Unclear After Government Collapses Posted: 25 Mar 2011 04:08 PM PDT

Gold Outlook Remains Bullish as Geopolitical Concerns Persist Posted: 25 Mar 2011 04:06 PM PDT

Gold Outlook Remains Bullish as Geopolitical Concerns Persist Posted: 25 Mar 2011 04:06 PM PDT

US Dollar: Nonfarm Payrolls to Set Tone for April in Pivotal Week for FX Posted: 25 Mar 2011 03:46 PM PDT The US Dollar finished the week roughly unchanged against major counterparts, holding key lows against the Euro despite impressive gains in the US S&P 500 and broader risk sentiment. Ongoing fiscal solvency worries kept the Euro/US Dollar currency pair contained, and the US Dollar Index subsequently managed to recover from a fresh four-month trough. Traders now look to a potentially pivotal US Nonfarm Payrolls report in the week ahead. Whether or not the US Dollar posts a more meaningful recovery may depend on the domestic jobs report and fresh developments from European sovereign debt crises.

New Zealand Dollar At Risk For Near-Term Correction Posted: 25 Mar 2011 02:39 PM PDT

New Zealand Dollar At Risk For Near-Term Correction Posted: 25 Mar 2011 02:39 PM PDT

Japanese Yen To Depreciate Further As Fears Subside Posted: 25 Mar 2011 02:30 PM PDT

Japanese Yen To Depreciate Further As Fears Subside Posted: 25 Mar 2011 02:30 PM PDT

Guest Commentary: Trading Psychology - 7 Steps to Becoming a Great Trader Posted: 25 Mar 2011 02:08 PM PDT I am often asked by traders I meet, "How do I become a successful trader? What does it really take?" In any endeavor - whether the goal is to become a competent trader, surgeon, athlete, psychologist, musician, lawyer, or pilot - the path is the same: Dedication to the goal, a lot of hard work, and a willingness to keep picking yourself up when you fall, over and over.

Commentary by Central Bank Policymakers Could Overshadow Data Next Week Posted: 25 Mar 2011 02:06 PM PDT The flow of data next week is particularly heavy, as it marks the end of March and the beginning of April, meaning growth figures will be released from major economies, as well as labor market data from the U.S.

Portugal Debt Repayments Loom Large, Euro at Risk Posted: 25 Mar 2011 12:27 PM PDT The heads of European government summit in Brussels agreed yesterday to increase their financial rescue fund to the full 440 billion by June but refused to make any specific comments on the worsening Portuguese situation. The fate of Euro remains in the balance on the resolution of the ongoing Portuguese sovereign debt crisis.

Forex: Euro Holds Narrow Range As EU Attempts To Buy Time, British Pound Continues To Search For Support Posted: 25 Mar 2011 06:30 AM PDT Speculation surrounding the prospects for future policy kept the euro within a narrow range on Friday, but the single-currency may face additional headwinds going into the following as market participants expect Portugal to share Ireland’s ill fate.

FX Headlines: Franc, Yen Weaken on Recovery Outlook Posted: 25 Mar 2011 06:30 AM PDT Typically viewed as safe haven currencies, the Swiss Franc and Japanese Yen declined against a basket of major currencies as traders ramped up bets that the major economies would be able to withstand recent economic woes and continue on the path to recovery.

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