DailyFX - Forex Market News

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• Canadian Dollar to Follow S&P 500 as Fed Rate Decision Looms
• Dollar Coils Like a Spring Ahead of the Long-Awaited Fed Decision
• Weekly Forecast Trading Forecast 09-19-2011
• European Crisis Takes Backseat, EUR Rallies – For How Long?
• US Dollar Traders Ready for the Impact of More Fed Stimulus
• New Zealand Dollar Rebound To Be Short-Lived As Growth Slows
• Japanese Yen Intervention Threats To Resurface, Correction On Tap
• Gold Holds Key $1820 Resistance Level- Outlook Hinges on FOMC
• British Pound Headed Lower on Bank of England Minutes
• Aussie Headed Lower on Deteriorating Rate Expectations
• USD To Consolidate Ahead Of FOMC, Euro Outlook Remains Bearish
• Guest Commentary: Gold & Silver - Daily Outlook 09.16.2011
• Euro Weakens as Finance Ministers Meet in Poland
• Forex: Euro Pull Back To Accelerate, Sterling Outlook Hinges On BoE
• Crude Oil Set to Follow Stocks Lower, Gold Setup Hints Losses Ahead

Canadian Dollar to Follow S&P 500 as Fed Rate Decision Looms Posted: 17 Sep 2011 02:54 PM PDT

Dollar Coils Like a Spring Ahead of the Long-Awaited Fed Decision Posted: 16 Sep 2011 09:55 PM PDT The short-sighted would say that risk appetite trends improved this past week; and therefore the safe-haven US dollar would lose ground. That would seem a logical explanation given pullback from the Dow Jones FXCM Dollar Index (ticker = USDollar) and the weekly-long climb from the S&P 500

Weekly Forecast Trading Forecast 09-19-2011 Posted: 16 Sep 2011 08:23 PM PDT US Dollar Traders Ready for the Impact of More Fed Stimulus European Crisis Takes Backseat, EUR Rallies – For How Long? Japanese Yen Intervention Threats To Resurface, Correction On Tap British Pound Headed Lower on Bank of England Minutes Canadian Dollar to Follow S&P 500 as Fed Rate Decision Looms Aussie Headed Lower on Deteriorating Rate Expectations New Zealand Dollar Rebound To Be Short-Lived As Growth Slows Gold Holds Key $1820 Resistance Level- Outlook Hinges on FOMC

European Crisis Takes Backseat, EUR Rallies – For How Long? Posted: 16 Sep 2011 07:37 PM PDT The Euro rallied noticeably off of lows as traders scaled back on EURUSD short positions. Yet how long can position squaring stave off EUR weakness given such bearish fundamentals?

US Dollar Traders Ready for the Impact of More Fed Stimulus Posted: 16 Sep 2011 04:38 PM PDT Whether it come in the form of an outright increase in asset purchases (QE3) or a shift in the composition of its current balance sheet, the Federal Open Market Committee’s (or FOMC) policy meeting this week is expected to hold the reins for direction and volatility for the US dollar and broader market sentiment going forward.

New Zealand Dollar Rebound To Be Short-Lived As Growth Slows Posted: 16 Sep 2011 02:34 PM PDT The New Zealand dollar bounced back from a monthly low of 0.8118, but the growth report scheduled for the following week could weigh on the high-yielding currency as the data is expected to instill a weakened outlook for the isle-nation.

Japanese Yen Intervention Threats To Resurface, Correction On Tap Posted: 16 Sep 2011 02:30 PM PDT The Japanese Yen pared the decline from earlier this month, with the USD/JPY testing a low of 76.55, but the low-yielding currency may struggle to hold its ground over the following week as policy makers pledge to act against the marked appreciation in the exchange rate.

Gold Holds Key $1820 Resistance Level- Outlook Hinges on FOMC Posted: 16 Sep 2011 02:11 PM PDT The forecast for Gold hinges on the outcome of the Federal Open Market Committee policy meeting.

British Pound Headed Lower on Bank of England Minutes Posted: 16 Sep 2011 02:03 PM PDT The coming week offers little support for the Pound on a fundamental basis.

Aussie Headed Lower on Deteriorating Rate Expectations Posted: 16 Sep 2011 02:00 PM PDT The coming week will unlikely provide any relief for the Aussie, at least on a fundamental basis.

USD To Consolidate Ahead Of FOMC, Euro Outlook Remains Bearish Posted: 16 Sep 2011 10:06 AM PDT The greenback regained its footing during the North American to hold within the previous day’s range, and the reserve currency may continue to consolidate ahead of the FOMC interest rate decision on tap for the following week as market participants weigh the outlook for monetary policy.

Guest Commentary: Gold & Silver - Daily Outlook 09.16.2011 Posted: 16 Sep 2011 07:49 AM PDT Gold and silver sharply fell yesterday; from the end of last week, they have completed 4.2% and 5.1% deceases, respectively.

Euro Weakens as Finance Ministers Meet in Poland Posted: 16 Sep 2011 06:51 AM PDT The Euro fell across the board halfway through trading on Friday as Euro-zone finance ministers gathered to discuss ways to stem the debt crisis before it spirals further out of control.

Forex: Euro Pull Back To Accelerate, Sterling Outlook Hinges On BoE Posted: 16 Sep 2011 06:10 AM PDT The Euro struggled to hold its ground on Friday, with the EUR/USD giving back the advance from the previous day, and the single-currency is likely to face additional headwinds over the near-term as European policy makers struggle to restore investor confidence.

Crude Oil Set to Follow Stocks Lower, Gold Setup Hints Losses Ahead Posted: 16 Sep 2011 05:30 AM PDT Crude oil is vulnerable as S&P 500 stock index futures point to risk aversion into the close of the trading week while gold appears to have formed an important top.

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