DailyFX - Forex Market News

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• Currencies Look to Fed-Speak, Euro Debt Crisis Evolution for Direction
• Italian Political Turmoil Fails to Have Any Meaningful Impact on Euro
• Dollar Stumble Has as Much Conviction as the S&P 500 Advance, Little
• Dollar Suffers as Risk Returns- Index Pulls Away from Key Resistance
• Italian Vote of Confidence on Tap; EUR/USD Gains on Hope Berlusconi Goes
• Crude Oil Looks to Italy Fiasco for Direction, Gold Weighing QE3 Bets

Currencies Look to Fed-Speak, Euro Debt Crisis Evolution for Direction Posted: 09 Nov 2011 12:50 AM PST EUR: Optimism on Berlusconi Departure May Not Prove Lasting GBP: Bank of England Policy Announcement Likely a Non-Event JPY: Yen Continues to Stand Apart from Larger Market Themes AUD: Unemployment Rate Increase to Bolster RBA Rate Cut Bets CAD, NZD: Risk Trends in Focus, Fed-Speak and EU Crisis Key

Italian Political Turmoil Fails to Have Any Meaningful Impact on Euro Posted: 08 Nov 2011 10:29 PM PST Italian PM Berlusconi has officially resigned, but markets have shown no real reaction thus far and we remain locked in some suspiciously quiet consolidation…

Dollar Stumble Has as Much Conviction as the S&P 500 Advance, Little Posted: 08 Nov 2011 08:38 PM PST Volatility can be addictive for traders - and in few circumstances is addiction considered a good thing. A high level of activity can be good for trading the FX markets; but it must be exploited properly.

Dollar Suffers as Risk Returns- Index Pulls Away from Key Resistance Posted: 08 Nov 2011 02:16 PM PST News of Berlusconi’ intent to resign sent risk higher in afternoon trade as the Dow Jones FXCM Dollar Index (Ticker: USDollar) came under pressure. However, yields on Italian debt continue to make record highs suggesting that investors remain wary.

Italian Vote of Confidence on Tap; EUR/USD Gains on Hope Berlusconi Goes Posted: 08 Nov 2011 06:28 AM PST Although there was a sell-off of the Euro ahead of European trading on Tuesday, market participants bid the common currency higher during the day’s second session on hopes that Italian Prime Minister Silvio Berlusconi would be out of power later in the day.

Crude Oil Looks to Italy Fiasco for Direction, Gold Weighing QE3 Bets Posted: 08 Nov 2011 02:24 AM PST Crude oil is likely to fall in with risk appetite trends as Italy holds a closely-watched budget vote while gold looks to comments from Fed officials for QE3 clues.

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