DailyFX - Forex Market News

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• Risk Correlated Assets to Find Short-Term Relief Over Coming Sessions
• FOREX: Dollar, Yen Pullback Likely to Continue as S&P 500 Futures Rise
• What do You Buy When the Dow Drops 400 Points - The US Dollar
• Dollar Marks its Strongest Two-Day Rally Since October 27th, 2008
• Blood Bath in Stocks Sends US Dollar Index to Key Resistance
• Guest Commentary: Trading Sunday Gaps
• EUR/USD: Trading the U.S. New Home Sales Report
• USD Index Eyes 10,000, Yen Intervention Threats To Intensify
• Guest Commentary: Gold & Silver Prices - Daily Forecast 09.22.2011
• U.S. Dollar Continues Surge as Global Sell-off Accelerates
• Forex: Euro, British Pound Outlook Turns Increasingly Bearish
• Crude Oil, Gold Decline as Federal Reserve Disappoints QE3 Hopes

Risk Correlated Assets to Find Short-Term Relief Over Coming Sessions Posted: 22 Sep 2011 11:21 PM PDT Although the fundamental outlook has not changed just yet, technical studies are certainly warning of the potential for a favorable risk reversal in the markets…

FOREX: Dollar, Yen Pullback Likely to Continue as S&P 500 Futures Rise Posted: 22 Sep 2011 11:15 PM PDT The safe-haven US Dollar and Japanese Yen fell overnight as markets digested yesterday’s aggressive risk aversion. S&P 500 index futures hint more of the same ahead.

What do You Buy When the Dow Drops 400 Points - The US Dollar Posted: 22 Sep 2011 09:14 PM PDT Technically speaking, global equities have made the transition to a bear market. In most trading circles, this milestone is reached when a market drops 20 percent from its proximate phase high. And, what makes this far more disturbing than just a landmark is that with the backed up fundamental troubles behind the speculatively elevated market, there is very likely a deeper and more painful decline ahead of us.

Dollar Marks its Strongest Two-Day Rally Since October 27th, 2008 Posted: 22 Sep 2011 08:00 PM PDT As long as there isn’t a market-wide revival in investor optimism (highly unlikely), the US dollar looks like it is going to close out an impressive performance for the week. The greenback does moderately well when sentiment is under pressure; but the currency truly shines when panicked money managers and individual traders don’t have time consider exploding risk against tepid returns.

Blood Bath in Stocks Sends US Dollar Index to Key Resistance Posted: 22 Sep 2011 02:13 PM PDT The Dow Jones FXCM Dollar Index (Ticker: USDollar) surged in North American trade as a massive risk sell-off swept across global equity markets. The dollar remains well supported just below key Fibonacci resistance at 9970.

Guest Commentary: Trading Sunday Gaps Posted: 22 Sep 2011 01:14 PM PDT Recent weeks have opened with significant Sunday / weekend gaps in quite a few currencies, with EUR/USD standing out in a sharp move. Trading in the early hours of the week isn’t for everyone. For many people, it just collides with their personal life – it is Sunday night in Europe and Sunday afternoon in the US. Do you trade these gaps? Here are a few things to watch out for.

EUR/USD: Trading the U.S. New Home Sales Report Posted: 22 Sep 2011 12:26 PM PDT A slower pace of home sales is likely to reinforce a weakened outlook for the world’s largest economy, and the data could spark expectations for additional monetary support as the region faces an increased risk of a double-dip recession.

USD Index Eyes 10,000, Yen Intervention Threats To Intensify Posted: 22 Sep 2011 09:19 AM PDT The USD continued to gain ground against its major counterparts and the reserve currency should appreciate further over the remainder of the week as the flight to safety gathers pace.

Guest Commentary: Gold & Silver Prices - Daily Forecast 09.22.2011 Posted: 22 Sep 2011 07:08 AM PDT The FOMC decision to purchase $400 billion LT securities is likely to continue affecting in small doses the financial markets throughout June 2012 when the program will end. Gold and silver didn't seem to react to this news yesterday but currently they are traded sharply down as the Euro/USD is traded down as well.

U.S. Dollar Continues Surge as Global Sell-off Accelerates Posted: 22 Sep 2011 07:01 AM PDT The Federal Open Market Committee’s decision yesterday to change the composition of its balance sheet as opposed to expanding its size has had reverberating impact around the globe, with higher yielding assets falling sharply across the board.

Forex: Euro, British Pound Outlook Turns Increasingly Bearish Posted: 22 Sep 2011 07:00 AM PDT The Euro extended the decline from earlier this week to reach a fresh monthly low of 1.3384 and the single-currency may continue to retrace the advance from the beginning of the year as the fundamental outlook for Europe deteriorates.

Crude Oil, Gold Decline as Federal Reserve Disappoints QE3 Hopes Posted: 22 Sep 2011 04:39 AM PDT Crude oil joins the selloff across the growth-linked assets while gold is down on waning inflation hedge demand after the Fed opts not to pursue QE3.

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