DailyFX - Forex Market News

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• Forex Trading Weekly Forecast - 11.14.2011
• Dollar Looking for a Rebound in Market Volatility, EU Data
• Euro Selling to Resume as Weak Growth Outlook Compounds Debt Crisis
• US Dollar Can Regain Ground but Can it Produce a Real Rally?
• Low Event Risk on Docket; Kiwi to Follow Broad Sentiment
• Australian Dollar To Trade Heavy On Dovish RBA Minutes
• Canadian Dollar Strength To Unravel On Easing Price Pressures
• Gold Outlook Hinges on U.S. Dollar Strength, Geopolitical Tensions
• Japanese Yen Rally at Risk- Intervention Watch Is On. . .
• British Pound Rally Threatened By BoE Inflation Report, Slower Growth
• Guest Commentary: US Banks Aren’t So Much Better than European Banks
• USD Losses Accelerate as Stocks Surge- Risk Rally to be Short Lived
• Guest Commentary: Gold and Silver Daily Outlook 11.11.2011
• Forex: Euro Rallies On Italy Vote, Sterling Threatened By BoE Report
• Euro Rallies as New Greek Government is Sworn In
• Gold Looks to Fed-Speak for QE3 Signs, Crude Oil to Rise with Stocks

Forex Trading Weekly Forecast - 11.14.2011 Posted: 11 Nov 2011 05:52 PM PST US Dollar Can Regain Ground but Can it Produce a Real Rally? Euro Selling to Resume as Weak Growth Outlook Compounds Debt Crisis Japanese Yen Rally at Risk- Intervention Watch Is On. . . British Pound Rally Threatened By BoE Inflation Report, Slower Growth Gold Outlook Hinges on U.S. Dollar Strength, Geopolitical Tensions Canadian Dollar Strength To Unravel On Easing Price Pressures Australian Dollar To Trade Heavy On Dovish RBA Minutes Low Event Risk on Docket; Kiwi to Follow Broad Sentiment

Dollar Looking for a Rebound in Market Volatility, EU Data Posted: 11 Nov 2011 05:45 PM PST The dollar ended this past week on exceptionally weak footing. The greenback dropped uniformly against all of its liquid counterparts as the fear of financial instability and general risk aversion itself receded. Yet, as we habitually ask of the greenback ‘is there a real reason to be long?’, we should put this swell in sentiment to the same litmus test.

Euro Selling to Resume as Weak Growth Outlook Compounds Debt Crisis Posted: 11 Nov 2011 05:42 PM PST

US Dollar Can Regain Ground but Can it Produce a Real Rally? Posted: 11 Nov 2011 04:30 PM PST The dollar’s performance this past week was packed with volatility; but once again, the elevated activity level wouldn’t translate into consistent direction. From a fundamental perspective, the lack of course one way or the other is fitting as the economic docket was exceptionally light.

Low Event Risk on Docket; Kiwi to Follow Broad Sentiment Posted: 11 Nov 2011 03:49 PM PST The New Zealand Dollar was among the worst performing currencies on the week, falling 1.07 percent against the U.S. Dollar and only finishing higher against the Swiss Franc.

Australian Dollar To Trade Heavy On Dovish RBA Minutes Posted: 11 Nov 2011 03:45 PM PST The Australian dollar bounced back from a fresh monthly low of 1.0052, but the high-yielding currency may face additional headwinds over the following week should the central bank talk up speculation for lower interest rates.

Canadian Dollar Strength To Unravel On Easing Price Pressures Posted: 11 Nov 2011 03:43 PM PST The Canadian dollar firmed up going into the second full week of November, but a soften inflation report could spark a selloff in the loonie as it heightens the risk of seeing lower interest rates. Indeed, the rebound in market sentiment led the USD/CAD to pare the advance to 1.0265, and the exchange rate may extend the sharp reversal from the previous month should the rise in risk appetite gather pace.

Gold Outlook Hinges on U.S. Dollar Strength, Geopolitical Tensions Posted: 11 Nov 2011 03:27 PM PST Gold had another strong week, testing the $1800.00 per ounce figure before falling back to settle at 1788.50/oz, good for a 1.9 percent gain. The shift later in the week away from the U.S. Dollar on dampened concerns out of Europe certainly aided the precious metal’s advance, as did chatter out of the Swiss National Bank.

Japanese Yen Rally at Risk- Intervention Watch Is On. . . Posted: 11 Nov 2011 03:24 PM PST The Japanese yen advanced more than 1.40% this week as traders continue to fade the October 31st rally sparked by an intervention from the Japanese Finance Ministry.

British Pound Rally Threatened By BoE Inflation Report, Slower Growth Posted: 11 Nov 2011 03:21 PM PST The British Pound surged higher on Friday to maintain the range carried over from earlier this month, but the slew of event risks on tap for the following week is likely to weigh on the exchange rate as the developments are expected to instill a weakened outlook for the U.K.

Guest Commentary: US Banks Aren’t So Much Better than European Banks Posted: 11 Nov 2011 02:48 PM PST European banks are exposed to Greek and other peripheral sovereign debt. Their leverage is very high and quite dangerous. The official pledge by European leaders to recapitalize the banks puts even more pressure and focus on the old continent. In the US, banks have been hit harder at the beginning of the crisis, and with lower leverage, it now seems that they have moved forward.

USD Losses Accelerate as Stocks Surge- Risk Rally to be Short Lived Posted: 11 Nov 2011 09:01 AM PST The Dow Jones FXCM Dollar Index broke Fibonacci support in early US trade. However the relief rally is likely to be short lived.

Guest Commentary: Gold and Silver Daily Outlook 11.11.2011 Posted: 11 Nov 2011 07:57 AM PST Gold and silver declined again yesterday for the second straight day following the ongoing development from Europe that produce news on an hourly basis. Gold sharply declined on Thursday by 1.79% to $1,759.6; silver also declined by 0.74% to $34.11. During the month, gold increased by 2.0% while silver slightly declined by 0.7%.

Forex: Euro Rallies On Italy Vote, Sterling Threatened By BoE Report Posted: 11 Nov 2011 06:35 AM PST Market sentiment continued to pick up on Friday and the rise in risk appetite may gather pace throughout the North American trade as European policy makers step up their efforts to address the sovereign debt crisis.

Euro Rallies as New Greek Government is Sworn In Posted: 11 Nov 2011 06:28 AM PST As trading volume thinned out headed into the North American trading session due to a Federal holiday in the United States, positive political developments out of Italy and Greece boosted market optimism, carrying the Euro higher across the board.

Gold Looks to Fed-Speak for QE3 Signs, Crude Oil to Rise with Stocks Posted: 11 Nov 2011 02:34 AM PST Gold is looking to the last bit of the week’s Fed commentary for QE3 guidance while oil is likely to rise with risky assets as Italy and Greece fears plateau.

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