DailyFX - Forex Market News

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• UK Real Estate Prices Fall Less than Expected, Pound Weakness Continues
• USD Graphic Rewind: Dollar Index Rises for First Day in Five
• FOREX: Yen to Extend Gains as Risk Aversion Spills into European Trade
• Fukushima Scare Forces Signficant Shift in Short-Term Sentiment
• FOREX: Dollar Slow to React to Tentative Risk Aversion Move While Yen Rallies
• Crude Oil to Fall as Import Prices Surge, Bolstering Dour IMF Growth Outlook
• Guest Commentary: The Bond Market’s Crystal Ball
• USD/CAD: Trading the Bank of Canada Interest Rate Decision
• Forex Strategy Outlook: US Dollar Downtrend Favors Momentum Trading
• Guest Commentary: USD/CAD Short-Term Targets 04.11.2011
• Guest Commentary: Weekly Outlook 04.11 - 04.15
• Forex: British Pound To Face Range-Bound Price Action, Euro Weighed By Debt Concerns
• Daily Sound Bites: ECB Honohan Clarifies ECB Rate Comments

UK Real Estate Prices Fall Less than Expected, Pound Weakness Continues Posted: British RICS Real Estate Index for March reported lower, but beats estimates for March. Slower decline in UK residential housing may suggest recovery in key sector, but concerns about the overall British economy drives pound lower.

USD Graphic Rewind: Dollar Index Rises for First Day in Five Posted: The greenback got some mild relief on Monday as investor focus was elsewhere allowing the index a chance to pare its sharp drop from Friday….

FOREX: Yen to Extend Gains as Risk Aversion Spills into European Trade Posted: The Japanese Yen is poised to extend its overnight advance against the major currencies as stock index futures point to continued risk aversion in European trading hours.

Fukushima Scare Forces Signficant Shift in Short-Term Sentiment Posted: With many of the major currencies already looking quite stretched across the board, it seemed like it was only a matter of time before something would ignite a necessary corrective pullback…

FOREX: Dollar Slow to React to Tentative Risk Aversion Move While Yen Rallies Posted: Through Monday’s active trading session, the dollar was showing little strength – nor should it have been. Looking at the fundamental event risk on hand, there was little to dissuade traders from pushing the benchmark currency to fresh 15-month lows. In fact, with a tentative carryover of positive sentiment from the previous week and both New York Fed President Dudley and Fed Vice President Yellen arguing that there was little reason to discuss an early exit from monetary stimulus efforts now; the struggling interest rate outlook would once again falter. However, looking across the majors, the greenback’s performance was variable. Against the safe haven yen and Swiss franc, losses were early and relatively aggressive. In contrast, the European currencies would see a concerted decline while the comm bloc was move with more gusto.

Crude Oil to Fall as Import Prices Surge, Bolstering Dour IMF Growth Outlook Posted: Crude oil is set to extend losses as a rise in import prices reinforces an IMF report saying energy price gains will hurt overall growth. Gold and silver are likely to follow.

Guest Commentary: The Bond Market’s Crystal Ball Posted: We know that the bond market is expecting modest inflation for the next few years by looking at the rates of regular, or ‘nominal,’ U.S. Treasury Bonds compared to the rate of Treasury Inflation Protected Securities (TIPs). By comparing the nominal yields on Treasury bonds with the real return on TIPs, we can assess the bond market’s assumption about inflation since, in theory, the nominal yield on Treasury bonds minus expected inflation should equal the real yield on TIPs.

USD/CAD: Trading the Bank of Canada Interest Rate Decision Posted: A Bloomberg News survey shows all of the 28 economists polled forecast the Bank of Canada to hold the benchmark interest rate at 1.00% in April, but the policy statement accompanying the rate decision is likely to spark increased volatility in the exchange rate as investors expect to see higher borrowing costs over the coming months.

Forex Strategy Outlook: US Dollar Downtrend Favors Momentum Trading Posted: Continued US Dollar losses favor trend trading in the week ahead, while elevated volatility expectations point to attractive breakout trades in the Japanese Yen.

Guest Commentary: USD/CAD Short-Term Targets 04.11.2011 Posted: The CAD marched higher again this week, with only Monday posting a higher day for the USD. Monday may see a reaction to the US government not being shut down, as this development occurred after markets closed on Friday.

Guest Commentary: Weekly Outlook 04.11 - 04.15 Posted: Here is a weekly forecast for April 11th to 15th presenting the main news items and reports related to US, Canada and Europe, and scheduled events, such as the G7 and G20 meetings.

Forex: British Pound To Face Range-Bound Price Action, Euro Weighed By Debt Concerns Posted: The British Pound struggled to hold its ground during the overnight trade as the Independent Commission on Banking held a cautious outlook for the largest financial institutions in the U.K., and the GBP/USD may face range-bound price action over the near-term as it pares the previous week’s advance to 1.6427.

Daily Sound Bites: ECB Honohan Clarifies ECB Rate Comments Posted: A selection of comments from officials early on Monday…..

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