DailyFX - Forex Market News

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• FOREX: Bank of England Likely on Hold, Euro Crisis Still in Focus
• Greenback Well Bid Across the Board on Major Risk Liquidation
• Dollar Responds to Crisis Fears, Liquidity Crunch with Massive Rally
• Guest Commentary: The Weekly Macro View - Why We’re Still Very Bearish on The Euro
• US Dollar Surges as Investors Flee Stock Blood- Will it Last?
• EURUSD, AUDUSD Trade Setups In Play Ahead of Key Aussie, German Data
• GBP/USD: Trading the Bank of England Interest Rate Decision
• USD Heavily Overbought, Aussie To Benefit From Higher Employment
• Guest Commentary: Gold & Silver Daily Outlook 11.09.2011
• Is Europe Running Out of Options? Euro Falls Even After Berlusconi Resigns
• Forex: Euro Fundamentals Deteriorate Further, Sterling To Face BoE
• Crude Oil Sinks on Euro Debt Crisis Fears, Gold Looks on to Bernanke
• FOREX: US Dollar Soars as Berlusconi Resignation Rally Unravels

FOREX: Bank of England Likely on Hold, Euro Crisis Still in Focus Posted: 10 Nov 2011 12:46 AM PST The Bank of England rate decision is unlikely to bring changes to the policy mix, with traders likely to remain focused on the Euro Zone sovereign debt crisis.

Greenback Well Bid Across the Board on Major Risk Liquidation Posted: 09 Nov 2011 11:50 PM PST The ongoing turmoil in the Eurozone has finally resulted in a major liquidation of risk correlated assets and flow of funds back into the safe-haven US Dollar…

Dollar Responds to Crisis Fears, Liquidity Crunch with Massive Rally Posted: 09 Nov 2011 06:52 PM PST For the first time in months, investors and the speculative masses are seriously contemplating the risk of another global financial crisis. Naturally, the shift in sentiment pushes capital from the high yielding, risk-inherent assets to the certifiable safe havens. Yet, there is a fundamental difference in this particular change in tone and those that we have seen in previous tides this year.

Guest Commentary: The Weekly Macro View - Why We’re Still Very Bearish on The Euro Posted: 09 Nov 2011 06:00 PM PST With the markets in turmoil as Greece continues to circle the drain, one can derive both immense aggravation and delicious pleasure from the daily gyrations of the euro. As the Greek government continues to wrestle over the ‘who’ and the ‘how’ of fixing many of the beleaguered nation’s problems, no real action is being taken to actually fix these problems. And, with money in the nation’s coffers which will last only another five weeks, time is running out.

US Dollar Surges as Investors Flee Stock Blood- Will it Last? Posted: 09 Nov 2011 02:52 PM PST The Dow Jones FXCM Dollar Index (Ticker: USDollar) rocketed in North American trade as massive risk sell-off fueled classic haven flows in to the greenback. As European debt concerns approach critical mass, the dollar stands as the chief beneficiary– But can it last?

EURUSD, AUDUSD Trade Setups In Play Ahead of Key Aussie, German Data Posted: 09 Nov 2011 01:19 PM PST An update to Monday's scalp report, the euro and aussie have continued to play out with precision as market sentiment takes a sharp downturn. These are the updated levels to watch ahead of key data on tap tonight.

GBP/USD: Trading the Bank of England Interest Rate Decision Posted: 09 Nov 2011 12:04 PM PST The Bank of England interest rate decision highlights the biggest event risk for the British Pound, but we may see a muted reaction should the central bank refrain from releasing a policy statement.

USD Heavily Overbought, Aussie To Benefit From Higher Employment Posted: 09 Nov 2011 08:41 AM PST The greenback surged higher against its major counterparts following the shift in risk sentiment, and the reserve currency may continue to gain over the remainder of the week as the ongoing turmoil in Europe weighs on investor confidence.

Guest Commentary: Gold & Silver Daily Outlook 11.09.2011 Posted: 09 Nov 2011 06:36 AM PST Gold moderately rose on Tuesday by 0.45% to $1,799.2 – the highest price level since September 21st; silver also inclined by 0.93% to $35.15. During November, gold increased by 4.3% and silver rose by 2.3%.

Is Europe Running Out of Options? Euro Falls Even After Berlusconi Resigns Posted: 09 Nov 2011 06:25 AM PST U.S. markets rallied late yesterday and Asian markets rallied today after Silvio Berlusconi announced he would resign from his post as Italian Prime Minister. European investors remained unconvinced, however, sinking higher yielding currencies on Wednesday.

Forex: Euro Fundamentals Deteriorate Further, Sterling To Face BoE Posted: 09 Nov 2011 06:25 AM PST Heightening concerns surrounding the euro-area dragged on market sentiment, and the shift away from risk-taking behavior may gather pace throughout the North American trade as European policy makers struggle to meet on common ground.

Crude Oil Sinks on Euro Debt Crisis Fears, Gold Looks on to Bernanke Posted: 09 Nov 2011 05:52 AM PST Crude oil is likely to fall along with other risky assets as Euro Zone debt crisis fears reach fever pitch. Gold is looking on to a speech from Ben Bernanke for direction.

FOREX: US Dollar Soars as Berlusconi Resignation Rally Unravels Posted: 09 Nov 2011 12:05 AM PST The safe-haven US Dollar is pushing higher as the resignation of Italy’s Silvio Berlusconi fails to allay Euro Zone debt crisis fears. More of the same is likely ahead.

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