DailyFX - Forex Market News

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• Crude Oil, Gold Look to Take Cues from US ADP Data and Lockhart
• Fed Monetary Policy Even More Dovish Than Anticipated
• Dollar and S&P 500 will See Significant Repercussion in FOMC Minutes
• Dollar Gains Tempered by Fed Minutes- Index Holds Crucial Support
• USD/CAD: Trading the Canada GDP Report
• USD Rebound Threatened By FOMC, Sterling To Consolidate Further
• Guest Commentary: Gold & Silver Prices - Daily Outlook 08.30.2011
• EUR/GBP Triple Top Offers Medium Term Short Scalp Targets
• U.S. Dollar Among Leaders Ahead of Consumer Confidence, Fed Minutes
• Forex: Euro Weakness To Accelerate, FOMC Minutes Takes Center Stage
• Crude Oil Under Fire Before US Data, Gold Outlook at Turning Point

Crude Oil, Gold Look to Take Cues from US ADP Data and Lockhart Posted: 31 Aug 2011 12:20 AM PDT Crude oil and gold prices are looking toward US ADP employment figures as well as comments from the Fed’s Dennis Lockhart as stimulus speculation returns.

Fed Monetary Policy Even More Dovish Than Anticipated Posted: 30 Aug 2011 10:45 PM PDT The reaction of buying back into risk on news of additional monetary policy accommodation from the Fed is becoming less certain as market participants begin to question effectiveness of such policy.…

Dollar and S&P 500 will See Significant Repercussion in FOMC Minutes Posted: 30 Aug 2011 08:44 PM PDT Scheduled event risk painted a remarkable picture for traders Tuesday – even if price action would suggest otherwise. Both the Conference Board Consumer Confidence survey for August and the meeting minutes from the Fed’s August 9th policy gathering offered remarkable surprises that will no doubt carry significant consequence for the capital markets and dollar over the coming weeks and months.

Dollar Gains Tempered by Fed Minutes- Index Holds Crucial Support Posted: 30 Aug 2011 02:51 PM PDT The Dow Jones FXCM Dollar Index (Ticker:US Dollar) advanced a meager 0.11% in North American trade after paring early gains on the heels of the FOMC minutes. The report revealed increased dissention among the committee with investors interpreting the data in favor of further Fed easing measures.

USD/CAD: Trading the Canada GDP Report Posted: 30 Aug 2011 01:40 PM PDT Canada’s 2Q GDP report is likely to spark increased volatility in the exchange rate, and the data could highlight a weakened outlook for the region as the growth rate is expected to hold flat from the first three-months of the year.

USD Rebound Threatened By FOMC, Sterling To Consolidate Further Posted: 30 Aug 2011 09:32 AM PDT The greenback regained its footing on Tuesday and the reserve currency may continue to recoup the losses from earlier this month as market participants scale back their appetite for yields.

Guest Commentary: Gold & Silver Prices - Daily Outlook 08.30.2011 Posted: 30 Aug 2011 07:48 AM PDT Gold and silver started off the week with moderate falls as the US Treasury bill yields fell and the S&P500 index inclined.

EUR/GBP Triple Top Offers Medium Term Short Scalp Targets Posted: 30 Aug 2011 07:12 AM PDT The recent advance in the EUR/GBP offers traders ideal entry for short-scalps should the 0.8880 resistance level prove to be a triple top formation on the pair. Event risk increases overnight with key European employment data on tap.

U.S. Dollar Among Leaders Ahead of Consumer Confidence, Fed Minutes Posted: 30 Aug 2011 06:37 AM PDT The Greenback was one of the strongest performers in the overnight as a slew of mostly disappointing data from across the globe siphoned risk-appetite.

Forex: Euro Weakness To Accelerate, FOMC Minutes Takes Center Stage Posted: 30 Aug 2011 06:00 AM PDT The Euro traded heavy following the slew of negative developments coming out of Europe and the recent weakness may gather pace over the near-term as the fundamental outlook deteriorates.

Crude Oil Under Fire Before US Data, Gold Outlook at Turning Point Posted: 30 Aug 2011 02:20 AM PDT The outlook for gold prices is at an important fundamental turning point while crude oil is vulnerable as trades brace for a dismal US Consumer Confidence report.

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