DailyFX - Forex Market News

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• FOREX: Euro at Risk as Debt Fears Return, US Dollar May Rebound
• Rebound in Risk Assets Less Than Impressive in Market Thin Conditions
• Dollar Index Takes Out Support Inching Closer to Range Lows
• Dollar Pushed Lower as Equities Rally, Both Moves Lacking Conviction
• Stocks Surge as the Dollar Suffers Ahead of Key Data this Week
• EUR/USD: Trading the U.S. Consumer Confidence Survey
• S&P 500 Jumps as Market Participants Remain Absent
• U.S. Dollar To Hold Steady Ahead Of FOMC Minutes, NFP’s
• Forex Strategy Outlook: US Dollar Losses Favor Breakout Trading
• Guest Commentary: Oil Prices – Daily Outlook 08.29.2011
• AUD/NZD Revisited- Short Scalp in Play with Rebound off Key Fib
• Risk-Appetite Continues Rebound on Confidence in Bernanke
• Guest Commentary: Haunted by False Breaks? There’s One Thing You Shouldn’t Do
• Forex: Euro Consolidation Ahead, Sterling Advance To Accelerate

FOREX: Euro at Risk as Debt Fears Return, US Dollar May Rebound Posted: 29 Aug 2011 11:14 PM PDT The Euro is vulnerable with the stage set for the return of debt crisis fears while the US Dollar may rise on safe-haven demand as consumer confidence disappoints.

Rebound in Risk Assets Less Than Impressive in Market Thin Conditions Posted: 29 Aug 2011 10:34 PM PDT Any gains in risk correlated assets over the past few sessions have come on volumes that are less than compelling and we continue to see risks for reversal.…

Dollar Index Takes Out Support Inching Closer to Range Lows Posted: 29 Aug 2011 10:18 PM PDT The break of a support line yesterday helps affirm our bearish outlook…

Dollar Pushed Lower as Equities Rally, Both Moves Lacking Conviction Posted: 29 Aug 2011 08:27 PM PDT Trading conditions were generally lacking Monday. With volatility notably restrained and underlying fundamental themes lacking the conviction necessary to foster meaningful trends; the US dollar would find itself under pressure.

Stocks Surge as the Dollar Suffers Ahead of Key Data this Week Posted: 29 Aug 2011 03:44 PM PDT The Dow Jones FXCM Dollar Index remains on the deffensive as a surge in risk appetite saw traders chase yields amid thin volume. The losses come ahead of key data this week culminating with the Non-Farm Payroll report on Friday.

EUR/USD: Trading the U.S. Consumer Confidence Survey Posted: 29 Aug 2011 01:53 PM PDT The Conference Board’s consumer confidence survey is likely to spark increased volatility in the U.S. dollar as it gauges the outlook for future spending, and the implications could dampen demands for the greenback as household sentiment is expected to weaken in August.

S&P 500 Jumps as Market Participants Remain Absent Posted: 29 Aug 2011 01:41 PM PDT The rally in equities - and the commodity currencies - looks weak at best, as volume was nearly nonexistent amid a holiday in the United Kingdom and fewer participants in New York following the weekend’s storm.

U.S. Dollar To Hold Steady Ahead Of FOMC Minutes, NFP’s Posted: 29 Aug 2011 11:57 AM PDT The USD extended the decline from Friday and the greenback may continue to trade over the next 24-hours as the rise in risk appetite saps demands for the reserve currency.

Forex Strategy Outlook: US Dollar Losses Favor Breakout Trading Posted: 29 Aug 2011 08:00 AM PDT Sharp US Dollar losses set the stage for continued Greenback weakness into the week ahead, favoring breakout and trend trading systems in what promises to be an eventful week of price action.

Guest Commentary: Oil Prices – Daily Outlook 08.29.2011 Posted: 29 Aug 2011 07:03 AM PDT Oil prices ended last week with moderate rises after the turbulent they have endured during the previous week. It's currently not clear yet what were the damages to the East Coast infrastructure due to Hurricane Irene including the oil and natural gas pipelines. This news may effect the oil and gas production.

AUD/NZD Revisited- Short Scalp in Play with Rebound off Key Fib Posted: 29 Aug 2011 06:48 AM PDT We remain focused on the AUD/NZD pair as it continues to trade well within the levels cited in last week's report. The pair risks accelerate losses with a break below the 1.25-figure.

Risk-Appetite Continues Rebound on Confidence in Bernanke Posted: 29 Aug 2011 06:44 AM PDT The Japanese Yen, Swiss Franc and U.S. Dollar were the worst performing currencies in the overnight as Asian and European equity markets rallied on confidence that central bankers would be able to prevent a global recession.

Guest Commentary: Haunted by False Breaks? There’s One Thing You Shouldn’t Do Posted: 29 Aug 2011 06:40 AM PDT You place a buy order above the current range and catch the break. The pair moves higher, but doesn’t get too far, retreats quickly back to range and catches your stop loss. It then makes the break once again, but this time with full force, moving significantly higher and reaching your previous Take Profit point.

Forex: Euro Consolidation Ahead, Sterling Advance To Accelerate Posted: 29 Aug 2011 06:05 AM PDT The Euro struggled to hold its ground during the overnight trade and the single-currency may give back the advance from the previous week as the uncertainties surrounding the economic outlook weighs on market sentiment.

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