DailyFX - Forex Market News

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• FOREX: Dollar, Yen Likely to Extend Gains as Stock Markets Drop Anew
• Moody’s Warnings on France Expected to Weigh on Sentiment
• Dollar Puts in for its First Real Advance in 10 Days - Sustainable?
• US Dollar Index Breaks Descending Channel as Stock Rally Falters
• USD/CAD Rebound Offers Medium Range Scalp Setup
• GBP/USD: Trading the U.K. Consumer Price Report
• USD Strength Ahead, Aussie To Face RBA Minutes
• Forex Strategy Outlook: US Dollar and Japanese Yen to Fall Further
• Guest Commentary: Gold & Silver Daily Outlook 10.17.2011
• Germany Warns EU Summit Won’t Yield Complete Fix, Sends Euro Lower
• Forex: Euro Reversal On Tap, Sterling Pares Decline Ahead Of U.K. CPI
• Crude Oil, Gold Whipsaw Lower as Germany Cools EU Debt Fix Hopes
• FOREX: Dollar, Yen Under Fire as EU Rescue Hopes Fuel Risk Appetite

FOREX: Dollar, Yen Likely to Extend Gains as Stock Markets Drop Anew Posted: 18 Oct 2011 12:29 AM PDT The safe-haven US Dollar and Japanese Yen corrected lower overnight but appear poised to resume their advance as risk aversion grips markets in Europe.

Moody’s Warnings on France Expected to Weigh on Sentiment Posted: 17 Oct 2011 11:28 PM PDT Any positive reaction to the Eurozone plan is now starting to fade and broader macro themes of fear and contagion are starting to creep back in…

Dollar Puts in for its First Real Advance in 10 Days - Sustainable? Posted: 17 Oct 2011 08:48 PM PDT The US dollar managed its first serious advance in 10 trading days Monday. It shouldn’t surprise that this bullish performance coincided with the S&P 500’s first substantial down day in the same amount of time.

US Dollar Index Breaks Descending Channel as Stock Rally Falters Posted: 17 Oct 2011 03:24 PM PDT The Dow Jones FXCM Dollar Index (Ticker: USDollar) snapped a three day losing streak today as risk assets plummeted. The greenback now looks poised for further advances after breaking out of a descending channel dating back to October 4th.

USD/CAD Rebound Offers Medium Range Scalp Setup Posted: 17 Oct 2011 01:43 PM PDT The USD/CAD pair saw a sharp reversal in North American trade today as the greenback mounted an assault after plummeting more than 600 pips off thirteen month highs at the start of the month. The pair now offers concise scalp targets as risk reverses sharply.

GBP/USD: Trading the U.K. Consumer Price Report Posted: 17 Oct 2011 12:22 PM PDT The headline reading for U.K. inflation is expected to expand at the fastest pace since September 2008, and heightening price pressures may prop up the British Pound as market participants scale back expectations for additional monetary easing.

USD Strength Ahead, Aussie To Face RBA Minutes Posted: 17 Oct 2011 08:57 AM PDT The greenback regained its footing following the shift away from risk-taking behavior and the reserve currency may continue to appreciate throughout the remainder of the day as it benefits from safe-haven flows.

Forex Strategy Outlook: US Dollar and Japanese Yen to Fall Further Posted: 17 Oct 2011 08:25 AM PDT Continued declines in volatility expectations favor US Dollar and Japanese Yen weakness, pointing to further Euro and Australian Dollar gains through slower forex moves.

Guest Commentary: Gold & Silver Daily Outlook 10.17.2011 Posted: 17 Oct 2011 06:33 AM PDT Gold and silver continue to slowly incline even if they zigzag along the way up. The recent rally in the American and European stock markets as some of the confidence among traders was restored even for a short while may have helped the rally of major commodities including gold, silver and crude oil.

Germany Warns EU Summit Won’t Yield Complete Fix, Sends Euro Lower Posted: 17 Oct 2011 06:32 AM PDT The Australian Dollar and Euro rally turned sharply lower in the Asian and European sessions after commentary from the German leadership bloc dampened hopes of a solution to the Euro-zone debt crisis at the summit on October 23.

Forex: Euro Reversal On Tap, Sterling Pares Decline Ahead Of U.K. CPI Posted: 17 Oct 2011 06:20 AM PDT Market sentiment turned over during the overnight trade and we expect the shift away from risk-taking behavior to carry into the North American session as global policy makers struggle to restore investor confidence.

Crude Oil, Gold Whipsaw Lower as Germany Cools EU Debt Fix Hopes Posted: 17 Oct 2011 04:38 AM PDT Crude oil and gold prices snapped sharply lower after Germany cooled hopes of an imminent fix to the EU debt crisis, boosting the safe-haven US Dollar.

FOREX: Dollar, Yen Under Fire as EU Rescue Hopes Fuel Risk Appetite Posted: 17 Oct 2011 02:02 AM PDT Optimism about a plan to squash the EU debt crisis after the weekend’s G20 summit is stocking risk appetite and hurting the safe-haven US Dollar and Japanese Yen.

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