DailyFX - Forex Market News

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• FOREX: G20 in Focus on Rumors IMF Role in EU Crisis Fix to Increase
• Friday Headlines Could Start to Weigh on Risk Correlated Assets
• Dollar Slows its Descent, Faces Critical Point for Next Phase
• Dollar Slumps as Rebound Falters- Traders Eye Key US Data
• EUR/USD: Trading the U. of Michigan Confidence Survey
• USD Rebound Under Pressure, Euro Outlook Remains Bearish
• Guest Commentary: Gold & Silver Prices Daily Outlook 10.13.2011
• Forex: Euro, Sterling Correction To Gather Pace On Increased Fears
• Oil to Mirror S&P 500 as Risk Appetite Falters, Gold Standstill Continues
• Safe Havens on Top After ECB Bulletin, Disappointing Italian Bond Auction

FOREX: G20 in Focus on Rumors IMF Role in EU Crisis Fix to Increase Posted: 14 Oct 2011 12:52 AM PDT All eyes are looking ahead to the weekend’s G-20 finance ministers’ meeting amid rumors of plans to use the IMF to deliver emerging-market funds for EU crisis aid.

Friday Headlines Could Start to Weigh on Risk Correlated Assets Posted: 13 Oct 2011 10:53 PM PDT Markets have been locked in some consolidation over the past 24 hours, but we could soon start to see a pullback in risk sentiment as we head into the weekend…

Dollar Slows its Descent, Faces Critical Point for Next Phase Posted: 13 Oct 2011 07:41 PM PDT Confidence in the market is completely absent. Rather than seeing the balance in sentiment tip from risk appetite to risk aversion; we see that there simply isn’t conviction in any single bearing for capital placement. This lack of interest will almost always leave the greenback sidelined. When uncertainty overtakes the markets, investors will either park their funds in assets with tolerable yield while avoiding exceptional risks.

Dollar Slumps as Rebound Falters- Traders Eye Key US Data Posted: 13 Oct 2011 03:42 PM PDT The Dow Jones FXCM Dollar Index (Ticker: USDollar) was off by 0.29% at the close of a choppy US trading session. The index now looks to test key Fibonacci support as investors look to the US docket for a gauge of consumer confidence and retails sales.

EUR/USD: Trading the U. of Michigan Confidence Survey Posted: 13 Oct 2011 01:01 PM PDT Household sentiment in the world’s largest economy is expected to improve for the second month, and the data could increase the appeal of the USD as growth prospects improve.

USD Rebound Under Pressure, Euro Outlook Remains Bearish Posted: 13 Oct 2011 09:36 AM PDT The shift away from risk-taking behavior propped up the greenback on Thursday, and the reserve currency may continue to recoup the losses from earlier this week should the flight to safety gather pace.

Guest Commentary: Gold & Silver Prices Daily Outlook 10.13.2011 Posted: 13 Oct 2011 08:00 AM PDT Gold and silver renewed yesterday their upward trend and sharply inclined as major currencies traded up against the US dollar. Currently gold and silver are traded down.

Forex: Euro, Sterling Correction To Gather Pace On Increased Fears Posted: 13 Oct 2011 07:00 AM PDT Heightening fears surrounding the world economy weighed on market sentiment during the overnight session, and the shift away from risk-taking behavior may gather pace throughout the North American trade as the economic docket reinforces a weakened outlook for global growth.

Oil to Mirror S&P 500 as Risk Appetite Falters, Gold Standstill Continues Posted: 13 Oct 2011 05:11 AM PDT Crude oil prices are set to follow the S&P 500 lower as sentiment sours anew across financial markets. Gold failed to find a breakout in yesterday’s FOMC minutes.

Safe Havens on Top After ECB Bulletin, Disappointing Italian Bond Auction Posted: 13 Oct 2011 04:23 AM PDT The Australian Dollar and Euro started to unwind in the overnight as the European Central Bank’s monthly bulletin reiterated concerns outlined by the Federal Reserve on Wednesday, shaking investor confidence in the recent rally in higher yielding assets.

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