DailyFX - Forex Market News

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• Dollar Index False Break Confirmed We Look To Weekly Charts for Direction
• FOREX: Dollar Reaction to Jobs Data to Be Shaped by Fed Easing Hopes
• US Dollar Reaction to NFPs Becomes Increasingly Difficult to Project
• Dollar Rallies, S&P 500 Drops Ahead of NFPs and Holiday Weekend
• NFPs to Dictate US Dollar Price Action, Aussie Rally at Risk
• EUR/USD: Trading the U.S. Non-Farm Payrolls Report
• USD To Consolidate Ahead Of NFP’s, Euro To Threaten Range
• Guest Commentary: Gold & Silver - Daily Outlook 09.01.2011
• Euro Depreciates on Growth Concerns as Leaders Plan to Discuss Collateral
• Forex: Euro Weakness To Accelerate, British Pound Breaks Out
• Crude Oil Looks to ISM Data for Direction, Gold May Be Forming a Top

Dollar Index False Break Confirmed We Look To Weekly Charts for Direction Posted: 01 Sep 2011 11:29 PM PDT

FOREX: Dollar Reaction to Jobs Data to Be Shaped by Fed Easing Hopes Posted: 01 Sep 2011 11:05 PM PDT All eyes are on the US jobs report, with the reaction of major currencies to be shaped by the outcome’s implications for the likelihood of additional Fed stimulus.

US Dollar Reaction to NFPs Becomes Increasingly Difficult to Project Posted: 01 Sep 2011 10:33 PM PDT The monthly US jobs report is unquestionably the key economic release for the day, but broader global macro themes and a long holiday weekend could make trading this event quite difficult.…

Dollar Rallies, S&P 500 Drops Ahead of NFPs and Holiday Weekend Posted: 01 Sep 2011 06:40 PM PDT It’s that time of the month. We are heading into the first Friday of the September and that means we have the US nonfarm payrolls (NFPs) release on deck. However, this is not the typical release set up for the typical reaction.

NFPs to Dictate US Dollar Price Action, Aussie Rally at Risk Posted: 01 Sep 2011 02:14 PM PDT The Dow Jones FXCM Dollar Index (Ticker: USDollar) advanced 0.25% as equities steadily declined into the close. A string of weaker than expected US data today up's the ante for tomorrows crucial NFP report.

EUR/USD: Trading the U.S. Non-Farm Payrolls Report Posted: 01 Sep 2011 12:52 PM PDT The highly anticipated U.S. Non-Farm Payrolls report is expected to highlight a weakened outlook for the world’s largest economy, but the data could spark choppy price action as market participation wanes ahead of the holiday weekend.

USD To Consolidate Ahead Of NFP’s, Euro To Threaten Range Posted: 01 Sep 2011 09:09 AM PDT The greenback regained its footing on Thursday following a shift in risk sentiment, but the reserve currency may consolidate going into the end of the week as the U.S. Non-Farm Payrolls report is expected to show a slower pace of employment growth.

Guest Commentary: Gold & Silver - Daily Outlook 09.01.2011 Posted: 01 Sep 2011 07:53 AM PDT Gold and silver ended with light gains on the last day of August. According to ADP, the US labor market added 91 thousand jobs. This may further curb the speculations around QE3.

Euro Depreciates on Growth Concerns as Leaders Plan to Discuss Collateral Posted: 01 Sep 2011 06:42 AM PDT The Euro stumbled in the overnight as the start of a new month, in which equity markets, historically, have traded lower,

Forex: Euro Weakness To Accelerate, British Pound Breaks Out Posted: 01 Sep 2011 06:00 AM PDT Heightening uncertainties surrounding the European debt crisis weighed on market sentiment during the overnight trade, and the single-currency may continue to trade heavy throughout the remainder of the week as investors scale back their appetite for risk.

Crude Oil Looks to ISM Data for Direction, Gold May Be Forming a Top Posted: 01 Sep 2011 04:08 AM PDT Crude oil prices are looking to the US ISM manufacturing report for direction while gold’s technical positioning hints that a medium-term top may be in the works.

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