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Friday, August 26, 2011

DailyFX - Forex Market News

DailyFX - Forex Market News


FOREX: US Dollar May Rise as Bernanke Disappoints Stimulus Hopes

Posted: 26 Aug 2011 12:05 AM PDT

The safe-haven US Dollar may rise as Federal Reserve Chairman Ben Bernanke disappoints widespread hopes for another round of stimulus in a speech today.

More Market Consolidation Expected Ahead of Fed Chair Event Risk

Posted: 25 Aug 2011 10:46 PM PDT

Market participants have been waiting for Bernanke all week and the key event risk just might end up proving to be an underwhelming event following some exhausted speculation over the outcome.…

Crude Oil, Gold Prices Look to Ben Bernanke Speech for Direction

Posted: 25 Aug 2011 07:45 PM PDT

The outlook for crude oil and gold prices hinges on the much-anticipated speech from Federal Reserve Chairman Ben Bernanke at the Jackson Hole Symposium.

Dollar: Just How Market Moving will the Jackson Hole Event Be?

Posted: 25 Aug 2011 07:22 PM PDT

In the calm before major fundamental releases, investors usually retrench and fortify themselves for volatility – much like in the preparation for a storm. And, so it is that we are facing both tremendous event risk in the week-end Jackson Hole Symposium at the same time Hurricane Irene is bearing down on New York City.

USD Breaks Out Of Bearish Pattern, Sterling To Threaten Rebound

Posted: 25 Aug 2011 08:10 AM PDT

The greenback extended the advance from the previous day and the reserve currency should continue to push higher over the next 24-hours of trading as price action breaks out of the descending triangle.

U.S. Dollar Sell-Off Continues Ahead of Key Speeches by Bernanke, Trichet

Posted: 25 Aug 2011 07:10 AM PDT

The safe haven block of currencies were the worst performers in the Asian and European sessions as market participants ramped up their bets that Fed Chairman would signal further stimulus tomorrow.

Guest Commentary: Gold & Silver Daily Outlook 08.25.2011

Posted: 25 Aug 2011 06:40 AM PDT

Gold and silver sharply declined yesterday and thus erased all that they have gained in the past week and a half; CME raise margins again on gold trading by 27% – this news probably contributed to the falls in gold.

Forex: USD Outlook Hinges On Bernanke, Sterling Correction On Tap

Posted: 25 Aug 2011 06:15 AM PDT

U.S. dollar price action was largely mixed during the overnight trade, but the greenback may regain its footing over the next 24-hours of trading as we expect Chairman Ben Bernanke to talk down speculation for further easing at the Fed conference in Jackson Hole, Wyoming.

Crude Oil Outlook Clouded by Shrinking Volumes, Gold Under Pressure

Posted: 25 Aug 2011 05:13 AM PDT

The outlook for oil has turned murky as thinning volume makes for erratic trade while gold is sinking as traders ponder the implications of Friday’s Bernanke speech.
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