DailyFX - Forex Market News

---

• Forex Weekly Trading Forecast - 06.06.11
• FOREX: Dollar Slides on Disappointing NFPs but Risk Shift May Soon Change That
• Euro Rally on Delayed Greece Crisis May Last if Risk Holds Off
• Gold Looking for Direction Amid Polarized Financial Markets
• US Dollar Likely to Fall Further as NFPs Disappoint, USD Yields Tumble
• Kiwi Holds Near All-Time Highs- Traders Eye RBNZ
• Australian Dollar To Be Heavily Influenced By RBA Rate Decision
• Canadian Dollar To Rally On Higher Employment, Increased Spending
• Pound Direction Hinges on Rate Decision
• Yen Strength has Traders Eyeing BoJ- GDP Data on Tap
• Rate Decisions Ahead Could Shift Risk Sentiment After Troubling Week
• U.S. Dollar Index Under Pressure, Euro Benefits From Talks Of New Bailout For Greece
• Guest Commentary: Gold & Silver Daily Outlook 06.03.2011
• Forex: U.S. Dollar Reaction To NFP’s Will Be Short-Lived As Risk Aversion Sets In
• FX Headlines: Currencies Consolidate Ahead of Nonfarm Payrolls Data
• Crude Oil, Gold and Silver Position for Losses Ahead of US Jobs Report

Forex Weekly Trading Forecast - 06.06.11 Posted: US Dollar Likely to Fall Further as NFPs Disappoint, USD Yields Tumble Euro Rally on Delayed Greece Crisis May Last if Risk Holds Off Yen Strength has Traders Eyeing BoJ- GDP Data on Tap Pound Direction Hinges on Rate Decision Canadian Dollar To Rally On Higher Employment, Increased Spending Australian Dollar To Be Heavily Influenced By RBA Rate Decision Kiwi Holds Near All-Time Highs- Traders Eye RBNZ Gold Looking for Direction Amid Polarized Financial Markets

FOREX: Dollar Slides on Disappointing NFPs but Risk Shift May Soon Change That Posted: The greenback closed its third consecutive weekly decline – and the progress on the pullback seems to carry the same level of momentum that the larger bear trend through the opening four months of the year. Friday’s performance was particularly painful for the dollar because its declines would set the majors further back from a recovery while the commodity-based pairs failed immediate breakout opportunities.

Euro Rally on Delayed Greece Crisis May Last if Risk Holds Off Posted: I was tempted to set the euro’s fundamental forecast to ‘Bullish’ for the coming week; but a critical fundamental concern kept me from doing so. This is an unusual outlook given my general bias for the health of the shared currency is very bearish over the span of weeks and months. Yet, the forecast for our purposes in this article is only for the coming week; and my concerns are not yet shared by the broader market as there is still enough yield and expectations for higher rates to delay the inevitable reconciliation between risk and reward. On the other hand, if investor sentiment itself sours; a suddenly scrupulous market would most likely deem the euro a considerable risk given the lack of stability the Euro-area’s financial market’s face.

Gold Looking for Direction Amid Polarized Financial Markets Posted:

US Dollar Likely to Fall Further as NFPs Disappoint, USD Yields Tumble Posted:

Kiwi Holds Near All-Time Highs- Traders Eye RBNZ Posted:

Australian Dollar To Be Heavily Influenced By RBA Rate Decision Posted:

Canadian Dollar To Rally On Higher Employment, Increased Spending Posted:

Pound Direction Hinges on Rate Decision Posted:

Yen Strength has Traders Eyeing BoJ- GDP Data on Tap Posted:

Rate Decisions Ahead Could Shift Risk Sentiment After Troubling Week Posted: After a week of troubling data out of the United States that cast a shadow of doubt about the resiliency of the recovery in the world’s largest economy, with no critical events on the calendar for the United States, the market will turn its collective eye overseas as there are four rate decisions on the calendar for the first full week of June.

U.S. Dollar Index Under Pressure, Euro Benefits From Talks Of New Bailout For Greece Posted: The USD sold off on Friday and the greenback may face additional selling pressures in the week ahead should the Federal Reserve maintain a cautious outlook for the real economy.

Guest Commentary: Gold & Silver Daily Outlook 06.03.2011 Posted: Gold keeps on moderately changing with no clear trend, while silver prices might be starting a new downward trend. The disappointing U.S. labor report might stir the commodities markets.

Forex: U.S. Dollar Reaction To NFP’s Will Be Short-Lived As Risk Aversion Sets In Posted: The U.S. dollar immediately weakened following the dismal Non-Farm payrolls report, but the reserve currency may regain its footing during the North American trade as the recent development appears to be weighing in risk-taking behavior.

FX Headlines: Currencies Consolidate Ahead of Nonfarm Payrolls Data Posted: Risky assets, and most notably, the commodity currencies, the Australian Dollar, the Canadian Dollar, and the New Zealand Dollar, fell against the safe haven currencies in the overnight session as markets consolidated ahead of the U.S. nonfarm payrolls report.

Crude Oil, Gold and Silver Position for Losses Ahead of US Jobs Report Posted: Oil, gold and silver are set to follow the S&P 500 lower as traders already shell-shocked by disappointing economic data brace for the weakest US jobs growth in four months.

You are subscribed to email updates from DailyFX - Forex Market News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

.