DailyFX - Forex Market News

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• USD Graphic Rewind: Seeing Early Signs That USD Strength is Winding Down
• FOREX: Dollar to Retreat as Risk Appetite Recovers, Pound Drops on Bank Downgrade Fears
• Gold May Bounce on S&P 500 Recovery, Oil Technical Setup Favors Losses
• New Zealand Dollar Well Bid Despite Broader Global Macro Flows
• FOREX: Dollar Rally Getting Serious…At Least from a Technical Perspective
• RBNZ Survey Shows Higher Inflation Expected in the Next 2 Years
• US Dollar Maintains Ascending Channel Trade- Index Hits 6 ½ Week High
• EUR/USD: Trading the U.S. New Home Sales Report
• An Intraday AUD/CAD Descending Channel is Creating Scalping Environment
• USD Index Continues To March Towards 9800, Australian Dollar Trades Within Descending Triangle
• US Dollar Likely to See Continued Breakouts vs Euro, Canadian Dollar
• Guest Commentary: Gold & Silver - Daily Outlook 05.23.2011
• FX Headlines: Aussie, Euro Plummet as Markets Shift to Risk Aversion
• Forex: Euro Continues To Search For Support, U.S. Dollar Rally To Gather Pace
• Crude Oil, Gold to Fall as Euro Zone Debt Fears Compound Risk Aversion

USD Graphic Rewind: Seeing Early Signs That USD Strength is Winding Down Posted: The US Dollar Index pressed higher once again on Monday as resurgent fears about the EMU periphery saw investors leave the euro in droves lifting the US dollar.

FOREX: Dollar to Retreat as Risk Appetite Recovers, Pound Drops on Bank Downgrade Fears Posted: The Dollar is likely to pull back as risk appetite mounts a corrective recovery. The Pound dropped overnight as Moody’s threatened to cut UK banks’ credit rating.

Gold May Bounce on S&P 500 Recovery, Oil Technical Setup Favors Losses Posted: Gold and silver may bounce as S&P 500 stock index futures point to recovering risk appetite. The same is likely of oil, but the overall technical setup favors weakness.

New Zealand Dollar Well Bid Despite Broader Global Macro Flows Posted: Although market participants have been aggressively paring back risk in recent trade, Kiwi remains well bid with the currency rallying early Tuesday following some raised inflation forecasts...

FOREX: Dollar Rally Getting Serious…At Least from a Technical Perspective Posted: The greenback’s bullish reversal was delivered a healthy push through Monday’s session. And though risk aversion could be labeled a meaningful contributor to the move, the real impetus for this drive is likely still more technical than it is fundamental.

RBNZ Survey Shows Higher Inflation Expected in the Next 2 Years Posted: The central bank’s two-year inflation expectations for the second quarter rises to 3.0% from 2.6% as business owners foresee stronger overall economic growth.

US Dollar Maintains Ascending Channel Trade- Index Hits 6 ½ Week High Posted: The greenback surged throughout North American trade today with the Dow Jones FXCM US Dollar Index hitting a 6 1/2 week high as risk aversion flows saw traders seeking haven in the safety of the dollar.

EUR/USD: Trading the U.S. New Home Sales Report Posted: Sales of newly built homes in the U.S. are expected to hold flat in April and the ongoing weakness within the real economy could bear down on the exchange rate as investors weigh the prospects for a sustainable recovery.

An Intraday AUD/CAD Descending Channel is Creating Scalping Environment Posted: The AUD/CAD pair, despite being one of the least volatile pairs over the past month – with approximately a 250-pip range – has seen the extremes in this range come rather sharply, suggesting that the pair represents one of the better opportunities to scalp.

USD Index Continues To March Towards 9800, Australian Dollar Trades Within Descending Triangle Posted: The U.S. dollar advanced across the board on Monday and the near-term rally in the greenback should gather pace as currency traders scale back their appetite for yields.

US Dollar Likely to See Continued Breakouts vs Euro, Canadian Dollar Posted: The US Dollar and other key currencies are likely to continue seeing major breakouts and trend moves in the week ahead, pointing to volatility-friendly strategies across the Euro/US Dollar and other major currency pairs.

Guest Commentary: Gold & Silver - Daily Outlook 05.23.2011 Posted: Gold and silver finished last week with rises, only after they shifted directions throughout most of the week. Currently gold and silver are traded with moderate changes.

FX Headlines: Aussie, Euro Plummet as Markets Shift to Risk Aversion Posted: The markets appear to be in a full-on risk-averse state as the Australian Dollar, European Euro, and New Zealand Dollar were all sold off in the overnight in favor of the Japanese Yen, Swiss Franc, and U.S. Dollar amid heightening concerns over the European sovereign debt crisis.

Forex: Euro Continues To Search For Support, U.S. Dollar Rally To Gather Pace Posted: The Euro pared the overnight decline to 1.3969, but the rebound is likely to be short-lived as the uncertainties surrounding the region continue to bear down on market sentiment.

Crude Oil, Gold to Fall as Euro Zone Debt Fears Compound Risk Aversion Posted: Oil and gold are set to follow the S&P 500 lower as Euro Zone debt fears compound existing risk-averse tendencies building ahead of the June expiry of QE2.

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