DailyFX - Forex Market News

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• Crude Oil, Gold Look to US Jobs Data and G20 for Direction Cues
• FOREX: Markets in Holding Pattern Before US Jobs Report, G20 Outcome
• Guest Commentary: Money Management
• Euro Dips Supported for Now But Not Expected to Last; Look to Sell
• Do NFPs Really Matter? Greece Moves the Dollar
• Dollar: What Should We Expect from NFPs, G20 and Europe for Volatility?
• Guest Commentary: RSI - An Overview Part I
• EUR/USD: Trading the U.S. Non-Farm Payrolls Report
• USD Continues To Find Resistance, Sterling Outlook Weighed By BoE
• Draghi Makes Splash in First Meeting as ECB Surprises Markets, Cuts Rates
• Guest Commentary: Gold & Silver Daily Outlook 11.03.2011
• Forex: Euro Tumbles On ECB Rate Cut, Further Weakness Ahead

Crude Oil, Gold Look to US Jobs Data and G20 for Direction Cues Posted: 04 Nov 2011 12:49 AM PDT Crude oil and gold prices are looking to the US jobs report and the outcome of the G20 summit in Cannes to establish a directional bias into the end of the trading week.

FOREX: Markets in Holding Pattern Before US Jobs Report, G20 Outcome Posted: 03 Nov 2011 11:33 PM PDT Currency markets are drifting sideways as traders brace for the release of US employment figures as well as the outcome of the G20 leaders’ summit in Cannes.

Guest Commentary: Money Management Posted: 03 Nov 2011 11:00 PM PDT Isn’t money management a nice buzzword? Many forex brokers flash around this nice phrase. I’m sure you’ve heard it many times. How can you turn this buzzword into practical, actionable advice?

Euro Dips Supported for Now But Not Expected to Last; Look to Sell Posted: 03 Nov 2011 10:51 PM PDT The latest minor bounce in the Euro and currencies in general should not be interpreted as anything other than some minor consolidation ahead of the next downside extension …

Do NFPs Really Matter? Greece Moves the Dollar Posted: 03 Nov 2011 02:55 PM PDT The Dow Jones FXCM Dollar Index (Ticker: USDollar) fell today as Greek hopes lifted market sentiment. However in-light of this week's events, what are the implications for tomorrow's key employment data on the dollar and can the greenback benefit?

Dollar: What Should We Expect from NFPs, G20 and Europe for Volatility? Posted: 03 Nov 2011 02:50 PM PDT Despite the threatening European headlines that met anxious traders heading into the beginning of Thursday’s session; the wholesale move away from high return / high risk assets never truly materialized. For the dollar, that meant that the necessary threshold for liquidity demand was never breeched.

Guest Commentary: RSI - An Overview Part I Posted: 03 Nov 2011 12:51 PM PDT In this series, we will take a closer look at one of the most popular and versatile oscillators, RSI or the Relative Strength Index. Oscillators are a popular trading indicator however; they should be used as one trading tool within a larger strategy.

EUR/USD: Trading the U.S. Non-Farm Payrolls Report Posted: 03 Nov 2011 12:39 PM PDT The U.S. Non-Farm Payrolls report highlights the biggest event risk for the next 24-hours of trading, but the market reaction may not be clear cut as risk trends continue to dictate price action in the currency market.

USD Continues To Find Resistance, Sterling Outlook Weighed By BoE Posted: 03 Nov 2011 08:52 AM PDT The greenback gave back the advance following the FOMC interest rate decision, and the reserve currency may continue to trade heavy ahead of the highlight anticipated Non-Farm Payrolls report as market participants increase their appetite for risk.

Draghi Makes Splash in First Meeting as ECB Surprises Markets, Cuts Rates Posted: 03 Nov 2011 08:05 AM PDT The European Central Bank’s decision to cut its key interest rate to 1.25 percent from 1.50 percent shocked market participants, sending higher yielding and risk-correlated assets higher while weighing on the Euro and the U.S. Dollar.

Guest Commentary: Gold & Silver Daily Outlook 11.03.2011 Posted: 03 Nov 2011 07:51 AM PDT Gold and silver slightly inclined yesterday after they had declined in recent days. Gold inclined on Wednesday by 1.04% to $1,729.6; silver also sharply rose by 3.70% to $33.94.

Forex: Euro Tumbles On ECB Rate Cut, Further Weakness Ahead Posted: 03 Nov 2011 06:40 AM PDT The unexpected rate cut by the European Central Bank weighed on the single-currency, and the euro is likely to face additional headwinds over the near-term as the fundamental outlook for the region deteriorates.

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