DailyFX - Forex Market News

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• FOREX: US Dollar Selling to Continue as Risk Appetite Recovers
• Euro Back in Spotlight As SNB Action Digested by Markets
• Dust Settles After SNB; Outlook for Dollar Index Constructive
• Dollar Sees Extreme Volatility as Risk Trends Warp
• Dollar Rally Accelerates after SNB Negates Swissie’s Haven Status
• USD/CAD: Trading the Bank of Canada Interest Rate Decision
• AUD/CAD Breakdown Imminent Despite Significant Event Risk
• USD Correction On Tap, British Pound Searches For Support
• Guest Commentary: Gold & Silver Daily Outlook 09.06.2011
• U.S. Dollar Strongest Performer After SNB Imposes Exchange Rate Floor
• Forex: Franc Selloff To Gather Pace, Euro Outlook Remains Bearish
• Crude Oil May Rebound with S&P 500, Gold Stalls Near $1900 Again
• FOREX: US Dollar Pullback Hinted as S&P 500 Futures Trim Losses

FOREX: US Dollar Selling to Continue as Risk Appetite Recovers Posted: 06 Sep 2011 11:55 PM PDT The safe-haven US Dollar is likely to extend overnight losses in European trade as stock index futures point to a broad recovery in risk appetite.

Euro Back in Spotlight As SNB Action Digested by Markets Posted: 06 Sep 2011 10:52 PM PDT Markets are looking to get back to more normal trade after a very wild Tuesday session which saw the Swiss Franc get hammered on the back of drastic SNB measures against the local currency.…

Dust Settles After SNB; Outlook for Dollar Index Constructive Posted: 06 Sep 2011 10:10 PM PDT

Dollar Sees Extreme Volatility as Risk Trends Warp Posted: 06 Sep 2011 08:55 PM PDT Was risk appetite stronger or weaker through this past session? This is just as difficult a question to answer from a technical perspective as it is a fundamental question. For the US dollar, we know the benchmark currency must rely on its position as a liquidity provider (an extreme version of risk aversion) to really gain the market’s attention.

Dollar Rally Accelerates after SNB Negates Swissie’s Haven Status Posted: 06 Sep 2011 03:02 PM PDT The greenback continued its assault on the majors today after the SNB shocked markets by effectively pegging the franc to the euro, destroying its haven status. The Dow Jones FXCM Dollar Index (Ticker: USDollar) advanced 0.83% as stocks struggled to pair early losses.

USD/CAD: Trading the Bank of Canada Interest Rate Decision Posted: 06 Sep 2011 12:22 PM PDT The policy statement accompanying the Bank of Canada interest rate decision is likely to spark increased volatility in the exchange rate, and the central bank may talk down speculation for higher borrowing costs as the region faces a slowing recovery.

AUD/CAD Breakdown Imminent Despite Significant Event Risk Posted: 06 Sep 2011 11:59 AM PDT The aussie has remained rather well supported amid a sharp sell-off in risk on account of the RBA rate decision last night. It’s only a matter of time before the negative risk sentiment starts to weigh on the high yielder, with our setup against the loonie looking to take advantage of this inevitable move.

USD Correction On Tap, British Pound Searches For Support Posted: 06 Sep 2011 10:04 AM PDT The greenback rallied across the board on Wednesday following a sharp decline in risk sentiment, and the reserve currency may appreciate further over the next 24-hours of trading as it benefits from safe-haven flows.

Guest Commentary: Gold & Silver Daily Outlook 09.06.2011 Posted: 06 Sep 2011 07:37 AM PDT Gold and silver have inclined during yesterday as major stock markets in Asia and Europe were traded down. Due to the long weekend in the US (Labor Day) there were no trading yesterday, but there are expectations that there will be falls in US stock markets as there were yesterday in other stock markets. If this trend will continue today it will likely to provide backwind for gold and silver to further rise.

U.S. Dollar Strongest Performer After SNB Imposes Exchange Rate Floor Posted: 06 Sep 2011 06:29 AM PDT The Swiss National Bank’s decision to introduce a floor – a type of exchange rate peg – has sparked immense volatility across currency markets. In the wake of the move, the U.S. Dollar has emerged as the strongest currency on Monday.

Forex: Franc Selloff To Gather Pace, Euro Outlook Remains Bearish Posted: 06 Sep 2011 06:10 AM PDT The rebound in risk appears to be tapering off and we may see investor confidence deteriorate further as the heightening uncertainties surrounding the world economy continues to bear down on market sentiment,

Crude Oil May Rebound with S&P 500, Gold Stalls Near $1900 Again Posted: 06 Sep 2011 04:43 AM PDT Crude oil prices may recover as S&P 500 futures hint at a possible recovery in risk appetite. Gold is stalling near $1900 again but weakness may not prove lasting.

FOREX: US Dollar Pullback Hinted as S&P 500 Futures Trim Losses Posted: 05 Sep 2011 11:35 PM PDT The safe-haven US Dollar may trim recent gains as S&P 500 futures trim losses ahead of the opening bell on Wall Street, hinting risk appetite may recover.

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