DailyFX - Forex Market News

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• FOREX: US Dollar May Recover on Slovakia EFSF Vote, Alcoa Earnings
• Strategy Sessions Video Series on Trading Psychology
• Crude Oil Vulnerable at Key Resistance, Gold Bracing for Fed Minutes
• Dollar Sinks for Fifth Consecutive Session- Stock Rally at Risk
• Understanding the EFSF, Part 1: How it Compares to TARP
• GBP/USD: Trading the U.K. Jobless Claims Report
• USD Searches For Support, Aussie Outlook Remains Bearish
• Guest Commentary: Gold & Silver Daily Outlook 10.10.2011
• Talks of Bank Recapitalization Boost Euro, Sink U.S. Dollar
• Forex: Euro Relief Rally Threatens 61.8% Fib, Sterling To Consolidate

FOREX: US Dollar May Recover on Slovakia EFSF Vote, Alcoa Earnings Posted: 11 Oct 2011 01:11 AM PDT The US Dollar may rise on renewed safe haven buying ahead of Slovakia’s vote to grant new powers to the EFSF bailout fund and Alcoa Inc’s earnings report.

Strategy Sessions Video Series on Trading Psychology Posted: 10 Oct 2011 10:17 PM PDT We are putting Opening Comment on hold today in an effort to feature our "Strategy Sessions"; a video series dedicated to the psychology of trading

Crude Oil Vulnerable at Key Resistance, Gold Bracing for Fed Minutes Posted: 10 Oct 2011 10:11 PM PDT Crude oil appears vulnerable at key resistance as risk sentiment faces major headwinds in the coming day while gold looks to the US Federal Reserve for direction.

Dollar Sinks for Fifth Consecutive Session- Stock Rally at Risk Posted: 10 Oct 2011 02:45 PM PDT The Dow Jones FXCM Dollar Index (Ticker: USDollar) plummeted more than 1.25% in North American trade as improved appetite supported demand for yields. However the recent rally is likely to fade as the underlying fundamentals come back into focus.

Understanding the EFSF, Part 1: How it Compares to TARP Posted: 10 Oct 2011 01:30 PM PDT The European Financial Stability Facility is one of the last remaining hopes to ensuring investor confidence in financial markets and the Euro. Many have compared the EFSF to the United States' TARP. But what exactly is the EFSF?

GBP/USD: Trading the U.K. Jobless Claims Report Posted: 10 Oct 2011 01:17 PM PDT Another rise in U.K. Jobless Claims is likely to instill a weakened outlook for future growth, and the ongoing weakness within the labor market may weigh on the British Pound as the region faces an increased risk of a double-dip recession.

USD Searches For Support, Aussie Outlook Remains Bearish Posted: 10 Oct 2011 09:46 AM PDT The greenback tumbled lower on Monday following the rise in risk-taking behavior, but the rebound in market sentiment may be short-lived as the fundamental outlook for the global economy remains weak.

Guest Commentary: Gold & Silver Daily Outlook 10.10.2011 Posted: 10 Oct 2011 07:10 AM PDT Gold and silver changed direction again and slightly slipped on the last day of last week, after the U.S. non-farm employment report showed an increase of 103k in employment during September. Currently, gold and silver are traded up. The speculation around the European debt crisis continues to be high with an update of the recent news on this issue herein.

Talks of Bank Recapitalization Boost Euro, Sink U.S. Dollar Posted: 10 Oct 2011 06:33 AM PDT Risk-correlated assets found themselves significantly stronger ahead of the North American session as bilateral talks between France and Germany over the weekend belayed concerns of a liquidity crunch in Europe.

Forex: Euro Relief Rally Threatens 61.8% Fib, Sterling To Consolidate Posted: 10 Oct 2011 06:20 AM PDT The renewed pledged to tackle the European debt crisis propped up market sentiment on Monday, but the relief rally may be short-lived as the fundamental outlook for the global economy remains bleak.

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