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- Forex Trading Weekly Forecast - 10.03.2011
- Dollar Traders Won’t Wait Until Friday NFPs to Find Volatility, Trend
- Euro On the Verge of a Massive Tumble as Major Event Risk Rises
- Canadian Dollar Direction Contingent on Global Growth Outlook
- RBA Rate Decision Could Break the Aussie
- Japanese Yen Outlook Remains Bullish But for Possible Intervention
- Sterling Eyes BoE as Growth Concerns Take Root
- US Dollar at Critical Levels Ahead of Nonfarm Payrolls, ECB Decision
- New Zealand Dollar Weakness To Gather Pace On Rate Expectations
- Gold Outlook Remains Bearish On USD Strength
- USD Rally Threatened By Weak Employment, Euro Breakdown On Tap
- Guest Commentary: Oil Prices – Daily Outlook 09.30.2011
- Forex: USD Strength To Accelerate, Euro Weighed By Rate Expectations
| Forex Trading Weekly Forecast - 10.03.2011 Posted: 30 Sep 2011 07:50 PM PDT
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| Dollar Traders Won’t Wait Until Friday NFPs to Find Volatility, Trend Posted: 30 Sep 2011 07:30 PM PDT Though it was an extremely choppy performance, the dollar did well this past week. The greenback advanced against all its major counterparts with the exception of the British pound despite the lack of a tangible drive in underlying investor sentiment and the necessary liquidity demand that defines the fundamental appeal of an otherwise wayward currency. |
| Euro On the Verge of a Massive Tumble as Major Event Risk Rises Posted: 30 Sep 2011 07:14 PM PDT In an unexpected burst of momentum in the final hours of trading this past Friday, the euro tumbled to the threshold of major support against its US and British counterparts (two of the currency market’s most liquid pairs). This puts the world’s second most liquid currency at immediate risk of a extraordinary plunge to start the new trading week. |
| Canadian Dollar Direction Contingent on Global Growth Outlook Posted: 30 Sep 2011 06:44 PM PDT For the second straight week, the Canadian Dollar was one of the worst performing currencies, dropping 2.11 percent against the U.S. Dollar as markets finished their correction that took place at the start of the week. This was expected, as I noted last week that “there could be a small correction in the coming days – typically after such a massive sell-off as we saw the past two days – any rallies should be sold as broader global trends dictate the need for safety, in currencies such as the Japanese Yen or U.S. Dollar. |
| RBA Rate Decision Could Break the Aussie Posted: 30 Sep 2011 06:41 PM PDT After posting modest gains at the start of the week, the Australian Dollar finished the week poorly, dropping by 1.20 percent against the U.S. Dollar. The Australian Dollar, as part of the commodity currency block, faced significant headwinds in the latter half of the week; however, this was widely expected, as global growth continues to show signs of weakness and the European sovereign debt situation has squeezed investors out of higher yielding and risky assets. |
| Japanese Yen Outlook Remains Bullish But for Possible Intervention Posted: 30 Sep 2011 06:24 PM PDT The Japanese Yen was one of the best performing currencies on the week, as expected given the continued global shift to risk-aversion. While the Yen did not stand up to its usual prowess against the other major currencies – it fell against the British Pound, Swiss Franc and U.S. Dollar – it remained significantly stronger than the commodity currency block. |
| Sterling Eyes BoE as Growth Concerns Take Root Posted: 30 Sep 2011 06:18 PM PDT The sterling continued to pare some of the steep declines seen early in ht month with a weekly advance of nearly 1% against the greenback. Although the economic calendar was rather subdued out of the UK this week, stronger than expected prints on September nationwide house prices and August Mortgage approvals helped fuel the pounds assault. |
| US Dollar at Critical Levels Ahead of Nonfarm Payrolls, ECB Decision Posted: 30 Sep 2011 03:32 PM PDT Panic stock market sell-offs set the stage for continued S&P weakness into what promises to be a critical week for the US Dollar and broader financial markets. |
| New Zealand Dollar Weakness To Gather Pace On Rate Expectations Posted: 30 Sep 2011 02:06 PM PDT The New Zealand dollar slipped to a fresh monthly low of 0.7606 and the high-yielding currency may continue to lose ground over the following week as the fundamental outlook for the isle-nation deteriorates. |
| Gold Outlook Remains Bearish On USD Strength Posted: 30 Sep 2011 02:05 PM PDT Gold traded heavy during the last week of September and the bearish sentiment underlying the bullion may carry into the following month as market participants diversify away from the precious metal. |
| USD Rally Threatened By Weak Employment, Euro Breakdown On Tap Posted: 30 Sep 2011 08:20 AM PDT The greenback recoup the losses from earlier this week and the rebound may carry into the following month as the flight to safety gathers pace. |
| Guest Commentary: Oil Prices – Daily Outlook 09.30.2011 Posted: 30 Sep 2011 07:10 AM PDT Oil prices are likely to end the week slightly recovering from the sharp falls they have endured last week. Oil along with the US stock market rose during most of the week. |
| Forex: USD Strength To Accelerate, Euro Weighed By Rate Expectations Posted: 30 Sep 2011 06:00 AM PDT The U.S. dollar regained its footing on Friday following a shift in risk sentiment, and the reserve currency may continue to appreciate throughout the North American trade as it benefits from safe-haven flows. |
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