DailyFX - Forex Market News

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• FOREX: Fed Outlook Still in Focus, More Speeches and FOMC Minutes on Tap
• USD Graphic Rewind: Dollar Index Set to Extend Gains on Bernanke
• Aussie Showing Signs of Weakness But We Have Heard That Story Before
• FOREX: Dollar Closes its First Advance in a Week but Fundamental Drive is Still Absent
• Guest Commentary: A Powerful Tool to Accelerate Your Trading Skills Every Day
• AUD/USD: Trading the Reserve Bank of Australia Interest Rate Decision
• Forex Strategy Outlook: US Dollar Losses Point to Trend Trading
• Guest Commentary: Oil Market Outlook April 4, 2011
• Forex: Euro Struggles To Hold Ground On Growth Concerns, British Pound Rebound To Gather Pace

FOREX: Fed Outlook Still in Focus, More Speeches and FOMC Minutes on Tap Posted: The outlook for the US interest rates remains in focus ahead of another busy speaking calendar as well as the release of minutes from March’s FOMC policy meeting.

USD Graphic Rewind: Dollar Index Set to Extend Gains on Bernanke Posted:

Aussie Showing Signs of Weakness But We Have Heard That Story Before Posted: The Australian Dollar is once again showing signs of a potential top after trading to yet another post float record high on Monday. However, despite good reason for the reversal, this market always seems to find a way to rally on any form of a dip…

FOREX: Dollar Closes its First Advance in a Week but Fundamental Drive is Still Absent Posted: The performance of the dollar varies significantly between is most liquid counterparts. For the trade-weighted dollar index, the currency showed its first positive performance in six active trading days; but the advance was in name only.

Guest Commentary: A Powerful Tool to Accelerate Your Trading Skills Every Day Posted: Many traders have heard that a trading journal can be important to their success, but they do not know why it is important nor have they learned to use a trading journal as a vital tool for self-development. This may be one of the reasons why many traders don't bother with one. Failure to keep a trading journal, however, is a disservice to the trader and may be an important factor why traders continue to struggle with trading.

AUD/USD: Trading the Reserve Bank of Australia Interest Rate Decision Posted: The Reserve Bank of Australia is widely expected to hold the benchmark interest rate at 4.75% in April, but the policy statement accompanying the rate decision is likely to spur increased volatility in the exchange rate as investors weigh the outlook for future policy.

Forex Strategy Outlook: US Dollar Losses Point to Trend Trading Posted: Consistent trends across forex market point to Momentum-driven trading across US Dollar pairs, while Breakout strategies remain attractive on the Japanese Yen.

Guest Commentary: Oil Market Outlook April 4, 2011 Posted: Oil prices started April with moderate rises; the main news from last week, including the ongoing war in Libya and the recent US Labor report, had little to no affect on oil. Currently, oil is moderately rising.

Forex: Euro Struggles To Hold Ground On Growth Concerns, British Pound Rebound To Gather Pace Posted: The Euro pared the overnight advance to 1.4267 on speculation higher interest rates will dampen the recovery in Europe, and the single-currency may face additional headwinds over the coming days as fears surrounding the region continue to bear down on market sentiment.

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