DailyFX - Forex Market News

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• Euro is Guaranteed Trend and Momentum with the ECB Rate Decision
• New Zealand Dollar to Extend Gains on Well-Supported Risk Appetite
• Japanese Yen to Weaken Further on Rising US Yields, Recovery Hopes
• FOREX: Dollar Forfeits a Recovery Opportunity on NFPs and the Fed’s Steady Policy Shift
• FOREX: Dollar Forfeits a Recovery Opportunity on NFPs and the Fed’s Steady Policy Shift
• Australian Dollar Could Advance on Renewed Risk Appetite
• Canadian Dollar Rally To Gather Pace As Growth Prospects Improve
• Gold Outlook Remains Bullish on MeNa Tensions, Inflation Concerns
• British Pound Outlook Remains Flat, BoE To Maintain Current Policy
• Rate Decisions, Commentary Key as Liquidity Drain Comes in Focus
• US Dollar: FOMC Minutes and ECB Rate Decision Dominate Pivotal Week
• US Dollar: FOMC Minutes and ECB Rate Decision Dominate Pivotal Week
• Forex Weekly Trading Forecast - 04.03.2011
• Guest Commentary: Excess Liquidity & Cheap Money Runs Rampant on Wall Street
• Guest Commentary: USD/CAD and CAD/JPY - Midweek Market Update
• FX Headlines: Dollar Surges Against Euro on Jump in NFPs
• Forex: Euro To Maintain Trend Ahead Of ECB Rate Decision, British Pound Struggles To Hold Ground On Growth Concerns
• FOREX: Dollar May Score Rare Gains Alongside Risky Assets on Jobs Data

Euro is Guaranteed Trend and Momentum with the ECB Rate Decision Posted: If we were to do an objective analysis of the euro, it would be difficult to formulate an argument for a bullish outlook in the data and headlines we have been shown over the past few weeks. The economic docket is lacking for influence altogether. Far more influential are the nearly daily hits the region’s financial health seems to take. Downgrades, fiscal miscues, halted progress towards fixing underlying issues with the monetary union have crowded out the headlines. And yet, the euro not only maintains its buoyancy; it has extended its climb against key safe haven and speculative currencies alike. What then is the source of the currency’s strength? Speculation. The FX market doesn’t exist in a vacuum; and expectations are a greater source of activity than prevailing fundamentals. Point-in-case is this week’s ECB rate decision. Speculation surrounding this particular event has solely defined the currency’s performance; so what happens when we are actually confronted with its release?

New Zealand Dollar to Extend Gains on Well-Supported Risk Appetite Posted:

Japanese Yen to Weaken Further on Rising US Yields, Recovery Hopes Posted:

FOREX: Dollar Forfeits a Recovery Opportunity on NFPs and the Fed’s Steady Policy Shift Posted: Through the European trading session and into the early New York hours, it seemed as if the dollar was on pace to finally produce the meaningful bullish breakout that would feed into an overdue reversal. All the pieces were falling into place for the greenback itself. With unusual risk-based pairs like USDJPY and USDCHF already climbing; an alarm went off when the currency market’s most liquid pair (EURUSD) slipped from Asian market congestion and slid 85 points heading into the release of the habitually well-received non-farm payrolls data.

FOREX: Dollar Forfeits a Recovery Opportunity on NFPs and the Fed’s Steady Policy Shift Posted: Through the European trading session and into the early New York hours, it seemed as if the dollar was on pace to finally produce the meaningful bullish breakout that would feed into an overdue reversal. All the pieces were falling into place for the greenback itself. With unusual risk-based pairs like USDJPY and USDCHF already climbing; an alarm went off when the currency market’s most liquid pair (EURUSD) slipped from Asian market congestion and slid 85 points heading into the release of the habitually well-received non-farm payrolls data.

Australian Dollar Could Advance on Renewed Risk Appetite Posted:

Canadian Dollar Rally To Gather Pace As Growth Prospects Improve Posted:

Gold Outlook Remains Bullish on MeNa Tensions, Inflation Concerns Posted:

British Pound Outlook Remains Flat, BoE To Maintain Current Policy Posted:

Rate Decisions, Commentary Key as Liquidity Drain Comes in Focus Posted: With significant data out of the U.S. due next week, aside from the minutes of the FOMC’s March meeting, price action will be sparked by a series of rate decisions abroad, as well as growth data from the Euro-zone and jobs data from Canada.

US Dollar: FOMC Minutes and ECB Rate Decision Dominate Pivotal Week Posted: The US Dollar finished the week lower against all except the downtrodden Japanese Yen, battered by noteworthy gains in the US Dow Jones Industrial Average and broader financial market ‘risk’. A benchmark G10 Forex Carry Trade Index matched a record 11 consecutive trading days of rallies—enough for a whopping 8.75 percent return and a near 800 percent annualized rate of growth. The Greenback nonetheless showed signs of life amidst hawkish rhetoric from US Federal Reserve officials and a strong Nonfarm Payrolls report. Minutes from the most recent Federal Open Market Committee meeting should provide further insight on future Fed policy, and it will be critical to watch whether the Greenback shows signs of life to start the first full trading week in April.

US Dollar: FOMC Minutes and ECB Rate Decision Dominate Pivotal Week Posted: The US Dollar finished the week lower against all except the downtrodden Japanese Yen, battered by noteworthy gains in the US Dow Jones Industrial Average and broader financial market ‘risk’. A benchmark G10 Forex Carry Trade Index matched a record 11 consecutive trading days of rallies—enough for a whopping 8.75 percent return and a near 800 percent annualized rate of growth. The Greenback nonetheless showed signs of life amidst hawkish rhetoric from US Federal Reserve officials and a strong Nonfarm Payrolls report. Minutes from the most recent Federal Open Market Committee meeting should provide further insight on future Fed policy, and it will be critical to watch whether the Greenback shows signs of life to start the first full trading week in April.

Forex Weekly Trading Forecast - 04.03.2011 Posted: US Dollar: FOMC Minutes and ECB Rate Decision Dominate Pivotal Week Euro is Guaranteed Trend and Momentum with the ECB Rate Decision Japanese Yen to Weaken Further on Rising US Yields, Recovery Hopes British Pound Outlook Remains Flat, BoE To Maintain Current Policy Canadian Dollar Rally May Gather Pace As Growth Prospects Improve Australian Dollar Could Advance on Renewed Risk Appetite New Zealand Dollar to Extend Gains on Well-Supported Risk Appetite Gold Outlook Remains Bullish on MeNa Tensions, Inflation Concerns

Guest Commentary: Excess Liquidity & Cheap Money Runs Rampant on Wall Street Posted: If one studies markets trading during the week, one thing becomes glaringly obvious-- there is too much cheap money sloshing around markets these days. You no longer have healthy, two-sided markets in most asset classes.

Guest Commentary: USD/CAD and CAD/JPY - Midweek Market Update Posted: The month ended with the USD resting on three week lows versus the CAD. The pair so far has been well support in this region with indicators continuing to point to a potential bounce in the USD.

FX Headlines: Dollar Surges Against Euro on Jump in NFPs Posted: The Greenback surged after trading in a narrow range against the other major currencies in the overnight session following a surprise reading to the upside in nonfarm payrolls data.

Forex: Euro To Maintain Trend Ahead Of ECB Rate Decision, British Pound Struggles To Hold Ground On Growth Concerns Posted: The Euro was little changed during the overnight session, with the exchange rate holding within the previous day’s range, but the single-currency is poised to face increased volatility going into the following week as the European Central Bank is widely expected to lift the benchmark interest rate off the record low in April.

FOREX: Dollar May Score Rare Gains Alongside Risky Assets on Jobs Data Posted: The US Dollar may see a rare advance alongside risky assets as employment figures show the jobless rate held at a 22-month low, stoking Fed tightening expectations.

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