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- Forex Trading Weekly Forecast - 10.31.2011
- New Zealand Dollar To Benefit From Faster Growth, Inflation
- Euro: After a Three Week Rally, Relief Gains are Reaching Their Limit
- RBA Rate Decision Could Buck Aussie’s Rapid Advance
- Slowing British Economy to Weigh Further on Sterling
- Canadian Dollar Torn Between Soft Local Data, Buoyant Risk Appetite
- S&P 500 and AUDUSD On Pace for their Best Month on Recent Record
- Dollar Traders Itch for a Reversal but Heavy Risk Aversion Needed
- Gold Posts Largest Weekly Advance Since 2009 - Rally to Hinge on FOMC
- Japanese Yen To Appreciate Further As Intervention Threats Falter
- US Dollar Poised to Fall Further Ahead of Critical NFPs, ECB Decision
- Guest Commentary: Gold & Silver Prices Daily Outlook 10.28.2011
- USD Poised For Larger Correction, Japanese Yen Strength To Persist
- Yen Rallies as Euro-zone Optimism Fades After Only One Day
- Forex: Euro Weakness To Accelerate On Increased Skepticism
- Crude Oil and Gold Aiming Lower but US Data May Cut Pullback Short
| Forex Trading Weekly Forecast - 10.31.2011 Posted: 28 Oct 2011 09:32 PM PDT
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| New Zealand Dollar To Benefit From Faster Growth, Inflation Posted: 28 Oct 2011 09:27 PM PDT The New Zealand dollar advanced to a fresh monthly high of 0.8240 and the high-yielding currency may continue to appreciate in November as the central bank drops its dovish tone for monetary policy. |
| Euro: After a Three Week Rally, Relief Gains are Reaching Their Limit Posted: 28 Oct 2011 09:25 PM PDT Perhaps the euro’s most daunting fundamental hurdles in months has passed. And, as expected, the reaction was naturally bullish. The EU Summit this past week was a lightning rod for the market’s fears of a global financial crisis spreading uncontrollably with Greece and the Europe at the center of the storm. |
| RBA Rate Decision Could Buck Aussie’s Rapid Advance Posted: 28 Oct 2011 09:18 PM PDT The Australian Dollar was the best performing major currency on the week against the U.S. Dollar, posting a 3.12 percent amid the flurry of buying across all asset classes. |
| Slowing British Economy to Weigh Further on Sterling Posted: 28 Oct 2011 09:14 PM PDT The British Pound had a rough week relative to the commodity currencies and its European counterparts, falling mostly across the board while only posting gains against the Japanese Yen and the Greenback. |
| Canadian Dollar Torn Between Soft Local Data, Buoyant Risk Appetite Posted: 28 Oct 2011 09:07 PM PDT The Canadian Dollar remains intimately anchored to broad-based market sentiment trends, with prices showing a firm correlation to the S&P 500. |
| S&P 500 and AUDUSD On Pace for their Best Month on Recent Record Posted: 28 Oct 2011 09:07 PM PDT There was a remarkable surge in underlying investor sentiment and the capital markets this past week. In fact, this is merely the punctuation mark on a strong performance through the entire month of October. |
| Dollar Traders Itch for a Reversal but Heavy Risk Aversion Needed Posted: 28 Oct 2011 08:35 PM PDT Finally a sigh of relief for the greenback – not from a meaningful rebound, but simply finding some peace in the quiet of the weekend. From its abrupt October 4th reversal, the Dow Jones FXCM Dollar Index (ticker = USDollar) has dropped four consecutive weeks and 6.6 percent. |
| Gold Posts Largest Weekly Advance Since 2009 - Rally to Hinge on FOMC Posted: 28 Oct 2011 05:03 PM PDT Gold was higher by more than 6% on the week as a massive sell-off in the US dollar saw trader diversify into the yellow metal which posted its largest weekly advance since January of 2009. Concerns over a possible default in Europe subsided after EU officials agreed on a rescue package to shore up banks and avert a Greek credit event. |
| Japanese Yen To Appreciate Further As Intervention Threats Falter Posted: 28 Oct 2011 04:47 PM PDT The Japanese Yen advanced to a fresh record-high in October and the USD/JPY may trend lower in the month ahead as market participants diversify away from the reserve currency. |
| US Dollar Poised to Fall Further Ahead of Critical NFPs, ECB Decision Posted: 28 Oct 2011 03:28 PM PDT The Dow Jones FXCM Dollar Index (ticker: USDOLLAR) continues to languish near multi-month lows. Can the coming month provide the spark needed for a large Greenback recovery? |
| Guest Commentary: Gold & Silver Prices Daily Outlook 10.28.2011 Posted: 28 Oct 2011 09:27 AM PDT Gold and silver recorded additional sharp gains yesterday following the European Union debt agreement; the news of the U.S GDP growth in Q3 may have also helped push commodities up as the confidence in the markets grew. |
| USD Poised For Larger Correction, Japanese Yen Strength To Persist Posted: 28 Oct 2011 09:19 AM PDT The greenback struggled to hold its ground during the North American session and the reserve currency may face additional headwinds in the week ahead should the Federal Reserve talk up speculation for another round of quantitative easing. |
| Yen Rallies as Euro-zone Optimism Fades After Only One Day Posted: 28 Oct 2011 06:50 AM PDT The Japanese Yen pushed towards a new all-time high against the U.S. Dollar after one of the major rating agencies drew into question the feasibility of the Euro-zone plan and signaling a default for Greece. |
| Forex: Euro Weakness To Accelerate On Increased Skepticism Posted: 28 Oct 2011 06:35 AM PDT Fears surrounding the sovereign debt crisis resurfaced on Friday and the shift away from risk-taking behavior may gather pace throughout the North American trade as the rescue plan comes under increased scrutiny. |
| Crude Oil and Gold Aiming Lower but US Data May Cut Pullback Short Posted: 28 Oct 2011 03:56 AM PDT Crude oil and gold are poised to extend an overnight correction lower as risky assets succumb to profit-taking and the US Dollar recovers. US data set key ahead. |
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