DailyFX - Forex Market News

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• Forex Trading Weekly Forecast - 05.09.2011
• FOREX: Dollar Advance Suspiciously Concentrated through Fridays Fundamentally Active Markets
• New Zealand Dollar Likely to Follow Stock Markets Lower
• Gold Taking its Cues from Risk Trends, Inflation Expectations
• US Dollar: Is This the Long-Awaited Recovery or a Temporary Bounce?
• Forex Weekly Trading Forecast 05.08.11
• RBA Raises Inflation Forecast as Traders Raise Rate Expectations
• Canadian Dollar: Will Slower Growth Curb Interest Rate Expectations?
• Dollar Advances for a Fifth Day- Index Tapping Resistance
• British Pound To Threaten 2011 Trend Should Rate Expectations Falter
• Euro: Is this The Turn? Speculative Sentiment and Greece Could Decide
• Yen Approaching Critical Levels- BoJ Warns
• U.S. Dollar Index Halts Three-Day Advance, Major Trends Remain In Tact
• Guest Commentary: Oil Prices Fell Very Sharply Yesterday, What's Next?
• Forex: U.S. Non-Farm Payrolls Expand 244K, U.S. Dollar Rally Cut Short By Risk Appetite
• Crude Oil, Gold to Recover as Soft US Jobs Report Stokes Dovish Fed Bets

Forex Trading Weekly Forecast - 05.09.2011 Posted: US Dollar: Is This the Long-Awaited Recovery or a Temporary Bounce? Euro: Is this The Turn? Speculative Sentiment and Greece Could Decide Japanese Yen Approaching Critical Levels - BoJ Warns British Pound To Threaten 2011 Trend Should Rate Expectations Falter Canadian Dollar: Will Slower Growth Curb Interest Rate Expectations? RBA Raises Inflation Forecast as Traders Raise Rate Expectations New Zealand Dollar Likely to Follow Stock Markets Lower Gold Taking its Cues from Risk Trends, Inflation Expectations

FOREX: Dollar Advance Suspiciously Concentrated through Fridays Fundamentally Active Markets Posted: Dollar bulls have found themselves vindicated – whether their support for the currency has come recently or was in place for the long haul. Through Friday’s close, the EURUSD put in for a second dramatic decline (the biggest back-to-back drop in years) and closed out the worst week since the very start of the year. However, we should not be so quick to throw our full support into this revival.

New Zealand Dollar Likely to Follow Stock Markets Lower Posted:

Gold Taking its Cues from Risk Trends, Inflation Expectations Posted:

US Dollar: Is This the Long-Awaited Recovery or a Temporary Bounce? Posted: There was plenty of data and US-based event risk this past week to suggest to the casual observer that the dollar was running on its own fundamental strength; but experienced fundamental traders should notice something was amiss. Though there were particularly hawkish comments from voting Fed member Kocherlakota, a better-than-expected non-farm payrolls report and a strong manufacturing activity survey; these developments don’t tap into the larger fundamental drivers behind the greenback. Typically, the catalysts that can lead to meaningful dollar (bull) trends are: broad risk appetite; interest rate speculation and relative growth (return) potential. Yet, all three of these have offered only modest support to the greenback recently. Fueling a dollar rally in their absence though is an unfamiliar motivator – aggressive euro selling. Will this indirect strength keep the dollar buoyant? Will one of the usual themes step in to keep the currency’s momentum? Regardless of what takes up the dollar’s call; the market seems to be far more aware its positive features.

Forex Weekly Trading Forecast 05.08.11 Posted:

RBA Raises Inflation Forecast as Traders Raise Rate Expectations Posted:

Canadian Dollar: Will Slower Growth Curb Interest Rate Expectations? Posted:

Dollar Advances for a Fifth Day- Index Tapping Resistance Posted: The greenback closed out the week higher by nearly 2% as major swings in FX markets had saw the dollar shorts squeezed out. The Dow Jones FXCM Dollar Index continued its advance for the 5th consecutive day.

British Pound To Threaten 2011 Trend Should Rate Expectations Falter Posted:

Euro: Is this The Turn? Speculative Sentiment and Greece Could Decide Posted:

Yen Approaching Critical Levels- BoJ Warns Posted:

U.S. Dollar Index Halts Three-Day Advance, Major Trends Remain In Tact Posted: The near-term correction in the greenback was certainly short-lived as the 244K rise in U.S. Non-Farm Payrolls spurred a rebound in market sentiment, and the dollar is likely to further retrace the advance from earlier this week as risk trends continue to dictate price action in the foreign exchange market.

Guest Commentary: Oil Prices Fell Very Sharply Yesterday, What's Next? Posted: Oil prices fell very sharply yesterday. These falls were related, in part to the 2% bump in USD compared to EURO. What is headed for oil prices today?

Forex: U.S. Non-Farm Payrolls Expand 244K, U.S. Dollar Rally Cut Short By Risk Appetite Posted: The 244K expansion in U.S. Non-Farm Payrolls certainly sparked a rebound in risk appetite, with the higher-yielding currencies gaining ground following the larger-than-expected rise in employment, but the data ultimately generated a bearish reaction in the USD, halting the near-term correction across the major exchange rates.

Crude Oil, Gold to Recover as Soft US Jobs Report Stokes Dovish Fed Bets Posted: Crude oil, gold and silver prices are likely to recover as April’s US jobs report returns the worst outcome in three months, hinting the Fed will be slow to unwind stimulus.

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