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Thursday, May 19, 2011

DailyFX - Forex Market News

DailyFX - Forex Market News


FOREX: Japan Enters Recession, NZ Dollar Gains on Budget Surplus Outlook

Posted:

The Japanese Yen underperformed as the economy slipped into recession in the first quarter while the New Zealand Dollar rose following a rosy set of budget projections.

Currency Rally Expected to Stall Out In Favor of Fresh US Dollar Buying

Posted:

We continue to view the latest rebound in currencies as corrective, with the Greenback prepping for its next big up-leg...

FOREX: US Dollar to take Cues from Jobless Claims, Housing Data following FOMC

Posted:

Minutes from the latest FOMC meeting in April showed consensus among central bankers with regards to letting the Fed’s massive balance sheet slowly dwindle.The Euro finished roughly unchanged on another choppy day of trading, showing relatively little sensitivity on continued speculation over a Greek debt restructuring.

US Dollar Index Shows Modest Gains despite Returning Risk Appetite

Posted:

The greenback was mixed against the majors today as a host of economic releases and central bank minutes shifted sentiment throughout the global trading day. The release of the April FOMC minute initially saw the greenback come off, but losses were quickly pared as the dollar continued its ascent.

USD/CAD: Trading the Canada Consumer Price Report

Posted:

The headline reading for Canadian inflation is projected to increase at an annualized pace of 3.4% in April, which would mark the fastest pace of price growth since September 2008.

USD Rallies On FOMC Minutes, Dollar Index To Maintain Trend

Posted:

The U.S. dollar pared the overnight decline, with the Dow Jones-FXCM index bouncing back from a low of 9604.27, and the rebound may gather pace going into the end of the week as the Federal Reserve changes its tone for monetary policy.

Guest Commentary: Oil Prices Daily Outlook 05.18.2011

Posted:

Oil prices continue to fluctuate at a moderate rate compared to the first week of May in which they fell very precipitately; oil prices are currently traded with moderate rises but as the day will progress you may see shifts in direction.

Has the Forex Carry Trade Topped?

Posted:

Just a few weeks ago, the capital markets, carry trade interest and investor sentiment itself were collapsing under their own weight. However, the tumble that began so dramatically seems to have run out of steam just as quickly. This has led many to label this pullback a mere correction and subsequently a ‘cheap’ level for buying back into risk.

Forex: U.S. Dollar Outlook Hinges On FOMC Minutes As QE2 Comes To An End

Posted:

Short-term outlook for the greenback hinges on the FOMC meeting minutes due out later today as currency traders weigh the prospects of the end to quantitative easing and policy in the second half of the year.

FOREX TREND MONITOR: Dollar Suffers Setback as FOMC Minutes Approach

Posted:

  • EURUSD: Greece, Portugal Issues Overshadowed by Risk Appetite
  • GBPUSD: Sentiment in Focus on Static Bank of England Outlook
  • USDJPY: Bond Yields Remain Key Ahead of FOMC Minutes
  • CAD, AUD, NZD: Temporary Rebound to Yield to Further Losses
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