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Wednesday, August 24, 2011

DailyFX - Forex Market News

DailyFX - Forex Market News


FOREX: US Dollar May Rebound on Tempered Fed Stimulus Hopes

Posted: 24 Aug 2011 12:05 AM PDT

S&P 500 stock index futures are pointing lower, hinting tempered Fed stimulus hopes ahead of Friday’s Ben Bernanke speech may produce a rebound in the US Dollar.

Dollar Index Catches Bounce Off Support Levels; Move To Be Short-Lived

Posted: 23 Aug 2011 10:16 PM PDT

Dollar Holds Losses this Time Around as S&P 500 Climb Sticks

Posted: 23 Aug 2011 09:28 PM PDT

The US dollar has traded back and forth now for five consecutive days. This speaks more to the fundamentals and market conditions that we are facing more so than Tuesday’s single anti-dollar move does.

US Dollar Index Slides Ahead of Jackson Hole as Stocks Surge

Posted: 23 Aug 2011 03:42 PM PDT

The greenback was markedly lower at the close of North America trade with the Jones FXCM Dollar Index (Ticker: US Dollar) falling 0.53%. The losses come on the back of a stellar performance in US equities which were momentarily pushed off course by a 5.8M quake that shook Virginia.

EUR/USD: Trading the U.S. Durable Goods Orders Report

Posted: 23 Aug 2011 01:45 PM PDT

Orders for U.S. durable goods are expected to increase 2.0% in July after unexpectedly contracting during the previous month, and the rebound could spark a bullish reaction in the exchange rate as the data reinforces an improved outlook for future growth.

Aussie Rallies for Third Consecutive Session on Chinese Growth Outlook

Posted: 23 Aug 2011 07:02 AM PDT

The Australian Dollar, Canadian Dollar and New Zealand Dollar were the three strongest performing currencies for the second straight day after Chinese data boosted growth outlook, easing concerns of a global slowdown.

AUD/NZD Correction Offers Scalp Targets

Posted: 23 Aug 2011 06:59 AM PDT

The AUD/NZD pair presents concise scalp targets after completing a 5-wave rally off the August lows. Moves below the 1.26-figure offers scalpers short-term targets ultimately eyeing a test of 1.2515.

Forex: Euro Rally To Be Short-Lived, Sterling To Consolidate Further

Posted: 23 Aug 2011 06:05 AM PDT

The Euro rallied on Tuesday despite the slew of dismal data coming out of Europe, and the single-currency may continue to gain ground throughout the North American trade as market participants raise their appetite for risk.

Gold Under Fire Again Ahead of US Open, Crude Oil Set to Rise

Posted: 23 Aug 2011 05:41 AM PDT

Gold is under attack again while crude oil is aiming higher as risk appetite firms ahead of the opening bell on Wall St. Will momentum last or prove fleeting once again?

Daily Sound Bites: ZEW Institute Suggests That German Outlook is Bleak

Posted: 23 Aug 2011 02:45 AM PDT

A selection of comments from officials around the world early on Tuesday…
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