DailyFX - Forex Market News

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• British Pound Outlook Rests on Sentiment Trends, Bernanke in Focus
• Forex Weekly Trading Forecast - August 22, 2011
• Euro Finishes Higher Despite Major Tensions - What Could Sink It?
• USD Slides Despite Exodus from Dow Jones - Traders Eye Jackson Hole
• Gold Ignores Overbought Signal, $2000/oz Remains In Sight
• Japanese Yen to Continue Appreciation, Will Shrug Off Intervention
• Jackson Hole Summit to Determine Fate of the U.S. Dollar
• USD To Consolidate Ahead Of Jackson Hole, EUR Outlook Remains Bearish
• Guest Commentary: Oil Prices Daily Outlook 08.19.2011
• Forex: CAD Strength To Be Short-Lived, Euro Weakness Ahead
• Despite U.S. Dollar Weakness in Overnight, S&P 500 Futures Point Lower
• Crude Oil Suffers with Stocks, Gold Hits Record High on Risk Aversion

British Pound Outlook Rests on Sentiment Trends, Bernanke in Focus Posted: 19 Aug 2011 07:16 PM PDT

Forex Weekly Trading Forecast - August 22, 2011 Posted: 19 Aug 2011 04:47 PM PDT USD Slides despite Exodus from Risk Assets- Traders Eye Jackson Hole Euro Finishes Higher Despite Major Tensions – What Could Sink It? British Pound Outlook Rests on Sentiment Trends, Bernanke in Focus Japanese Yen to Continue Appreciation, Will Shrug Off Intervention Gold Ignores Overbought Signal, $2000/oz Remains In Sight

Euro Finishes Higher Despite Major Tensions - What Could Sink It? Posted: 19 Aug 2011 04:41 PM PDT Substantial financial market volatility left the German DAX nearly 30% off of multi-year highs, but the surprisingly resilient euro squeezed out modest gains against the fast-falling US Dollar. Its refusal to budge suggests there may be little in the way of further EURUSD strength.

USD Slides Despite Exodus from Dow Jones - Traders Eye Jackson Hole Posted: 19 Aug 2011 04:40 PM PDT The greenback closed the week lower by 0.63% as volatility in equity markets persisted with the Dow Jones Industrial average falling more than 4% on the week. But the concerns don’t stop there; indeed the deterioration of economic data seems to be on a global scale with stock markets remaining in a heightened sense of alertness to any developments and data points.

Gold Ignores Overbought Signal, $2000/oz Remains In Sight Posted: 19 Aug 2011 04:36 PM PDT The spot price for Gold hit a fresh record high of $1878.15/oz and the near-term rally may gather pace in the following week as market participants continue to look for an alternative to the reserve currency.

Japanese Yen to Continue Appreciation, Will Shrug Off Intervention Posted: 19 Aug 2011 04:34 PM PDT The Japanese Yen had a mediocre week, trading in the middle of the major currencies.

Jackson Hole Summit to Determine Fate of the U.S. Dollar Posted: 19 Aug 2011 03:33 PM PDT There’s not much due the coming week in terms of significant data, though with the Federal Reserve’s annual Economic Policy Symposium on the docket, the future of the Dollar hangs in the balance.

USD To Consolidate Ahead Of Jackson Hole, EUR Outlook Remains Bearish Posted: 19 Aug 2011 10:43 AM PDT The greenback recouped the losses carried over from the overnight trade, but the reserve currency may face increased headwinds in the week ahead should Fed Chairman Ben Bernanke show an increased willingness to expand monetary policy further.

Guest Commentary: Oil Prices Daily Outlook 08.19.2011 Posted: 19 Aug 2011 07:06 AM PDT You can forget from the fundamentals for now, the oil market reacts very sharply to the shifts in directions of the US stock markets. Due to the falls in US stock markets, oil prices fell very sharply yesterday.

Forex: CAD Strength To Be Short-Lived, Euro Weakness Ahead Posted: 19 Aug 2011 06:30 AM PDT The Canadian dollar pared the sharp decline from the previous day even as the consumer price report missed market expectations, and the loonie may continue to appreciate throughout the North American trade as risk appetite appears to be flowing back into the currency market.

Despite U.S. Dollar Weakness in Overnight, S&P 500 Futures Point Lower Posted: 19 Aug 2011 06:27 AM PDT The U.S. Dollar was the weakest performing major currency in the overnight, as absence of Swiss interference coupled with global growth concerns renews demand for the European safe haven currency.

Crude Oil Suffers with Stocks, Gold Hits Record High on Risk Aversion Posted: 19 Aug 2011 04:00 AM PDT Crude oil prices continue to be pressured lower as confidence evaporates across financial markets while gold is riding safe-haven capital flows to new record highs.

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