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Friday, May 13, 2011

DailyFX - Forex Market News

DailyFX - Forex Market News


USD Graphic Rewind: Dollar Index Consolidates Ahead of Fresh Gains

Posted:

The greenback consolidated its 75.00-plus move ahead of additional gains in coming days….

Curencies, Equities and Commodities Still At Risk for Additional Declines

Posted:

In recent weeks we have noticed that market participants have bought back into risk despite overall softer global economic data. As such, we see more risk for liquidation of these risk correlated asset classes going forward...

FOREX: Dollar Traders Will Look to CPI Stats to Determine Whether Rate Expectations Should Rise

Posted:

Through much of Thursday’s trading session, the dollar was gaining ground; but a pickup in risk appetite through New York hours would prevent the currency from marking a securing critical progression on its bullish drive. A sense of hesitation is reasonable from a technical and fundamental perspective. Through price action alone, we note that EURUSD (the greenback’s most liquid counterpart) stalled at five-week support at 1.4150. Breaking this level would signal the next leg of a reversal that began last week.

Dollar Index Pares Gains but Looks to Hold Up-Trend

Posted:

The greenback ended the day virtually flat after a mid-day turn in risk sentiment saw equities and commodities reverse earlier losses. With no apparent catalyst of note, the dollar’s reversal lacked conviction as the index held within the ascending channel dating back to April 28th.

EUR/USD: Trading the U.S. Consumer Price Report

Posted:

Consumer prices in the world’s largest economy is projected to expand at an annualized pace of 3.1% in April, which would be the fastest pace of growth since October 2008, and the heightening risk for inflation could spark a bullish reaction in the U.S. dollar as investors weigh the outlook for monetary policy.

EURCHF- Short Term Channel Scalp

Posted:

Recent price action has presented a channel scalping opportunity for the EURCHF pair as the dollar continues to pare some of the gains seen earlier in the week.

U.S. Dollar Index Gives Back After Being Overbought

Posted:

The DJ-FXCM U.S. dollar index pared the overnight advance to 9658.88 after being overbought, but the small pullback is likely to be short-lived as trader sentiment remains battered.

Guest Commentary: Does Trading Forex Professionally Ruin Your Life? Or Improve Your Trading?

Posted:

Most forex traders don’t rely on trading as their sole source of income. They use it as an investment alongside their regular jobs. Are they missing out on turning professional? Or playing it safe?

Forex: Euro, British Pound Remain Under Pressure - Fed Chairman Bernanke On Tap

Posted:

Currency traders showed a mixed reaction to the batch of fresh data coming out of the world’s largest economy, and the major exchange rates may hold steady throughout the morning trade as Fed Chairman Ben Bernanke is scheduled to testify in front of the Senate Banking Committee.

Daily Sound Bites: EU's Juncker Pontificates On The Greek Situation

Posted:

A selection of comments from officials early on Thursday…..

Crude Oil, Gold and Silver Sold as Looming QE2 Expiry Fuels Risk Aversion

Posted:

Oil, gold and silver prices followed the S&P 500 lower as a brief correction in risky assets gave way to renewed selling ahead of the looming expiry of QE2 in June.
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