DailyFX - Forex Market News

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• GBP/USD: Trading the U.K. Jobless Claims Report
• FOREX: Pound Vulenerable as Bank of England Releases Meeting Minutes
• Euro Bounce More Technical Than Fundamental; Looking to Sell
• Greenback Softer Ahead of FOMC– Upward Trajectory Holds
• FOREX: US Dollar unable to Hold Gains Amid Swings in Sentiment
• Guest Commentary: Gold & Silver Daily Outlook 05.17.2011
• U.S. Dollar Index Struggles To Hold Ground Ahead Of FOMC Minutes
• Guest Commentary: Reasons to Not Quit Trading
• Forex: British Pound Rallies On Higher Inflation, U.S. Dollar To Regain Footing on Risk Aversion

GBP/USD: Trading the U.K. Jobless Claims Report Posted: U.K. jobless claims are expected to hold flat in April after unexpectedly rising 0.7K in the previous month, and a mild improvement in the labor market could spark a bullish reaction in the British Pound as the central bank adopts a hawkish outlook for monetary policy.

FOREX: Pound Vulenerable as Bank of England Releases Meeting Minutes Posted: The British Pound may decline if minutes from May’s Bank of England rate decision reveal another 6-3 vote as a prominent hawk leaves the rate-setting committee.

Euro Bounce More Technical Than Fundamental; Looking to Sell Posted: Although the Euro has been recovering over the past few sessions, we see any additional gains as limited and will look for an opportunity to sell...

Greenback Softer Ahead of FOMC– Upward Trajectory Holds Posted: The US Dollar was marginally weaker ahead of tomorrow’s release of the FOMC minutes, after a mid-day reversal in risk appetite saw the dollar surrendering early gains to end the day off 0.03%.

FOREX: US Dollar unable to Hold Gains Amid Swings in Sentiment Posted: The dollar was modestly higher early in North American trade as steep losses in equities and commodities saw traders seeking haven in the safety of the greenback. However a mid-day reversal saw the greenback surrendering all of the day’s gains to close marginally lower on the session.

Guest Commentary: Gold & Silver Daily Outlook 05.17.2011 Posted: Gold and silver started off the week with falls, and continue this path as they are currently traded down, because of the uncertainty in the financial markets.

U.S. Dollar Index Struggles To Hold Ground Ahead Of FOMC Minutes Posted: The Dow Jones-FXCM U.S. Dollar index fell back from a fresh monthly high of 9699.19, but the gauge should continue to push higher going into the middle of the week as it continues to trade within an upward trending channel.

Guest Commentary: Reasons to Not Quit Trading Posted: Have you ever thought of giving it all up and turning your back away from forex trading? It probably happens to everybody. 8 forex bloggers share reasons to NOT quit trading.

Forex: British Pound Rallies On Higher Inflation, U.S. Dollar To Regain Footing on Risk Aversion Posted: The British Pound halted the five-day decline and rallied to 1.6301 on Tuesday as the headline reading for U.K. inflation topped market forecasts for April.

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