DailyFX - Forex Market News

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• Euro Setbacks Accelerate As Spain Enters the Picture; Look to Sell
• FOREX: Euro Under Fire as Soft Economic Data Boosts Debt Crisis Fears
• Dollar Climbs and S&P 500 Slides on Extremely Light Volume
• USD Rebounds as Stocks Fall on EU Woes- Index to Hold Upward Trend
• EUR/USD: Trading the 3Q German GDP Report
• Bank Research Consensus Weekly 11.14.11
• Forex Strategy Outlook: Euro Primed for Selling Opportunities
• USD Correction On Tap, British Pound Outlook Weighed By BoE
• Guest Commentary: Oil Prices Weekly Outlook November 14-18
• Forex: Euro Gripped By Market Jitters, Sterling To Threaten Range
• Rising Italian and Spanish Borrowing Costs Weigh on Euro
• Forex: Euro Gripped By Market Jitters, Sterling To Threaten Range
• Crude Oil, Gold Look to Italian Bond Sale to Shape Sentiment Trends
• Euro-zone Eases Away From Collapse; Tuesday’s Docket Suggests Volatility

Euro Setbacks Accelerate As Spain Enters the Picture; Look to Sell Posted: 14 Nov 2011 10:39 PM PST We continue to project additional weakness in the Euro and currencies in general against the Buck over the coming days and week. Fear of contagion is becoming a firm reality…

FOREX: Euro Under Fire as Soft Economic Data Boosts Debt Crisis Fears Posted: 14 Nov 2011 10:28 PM PST Euro selling may gain momentum as soft economic data from Germany and the overall currency bloc underscores the difficulty of tackling the debt crisis.

Dollar Climbs and S&P 500 Slides on Extremely Light Volume Posted: 14 Nov 2011 09:40 PM PST The dollar advance to start the new trading week; but it did so under dubious conditions. Considering the currency’s place in the broader capital markets and underlying risk trends; its performance seems to make sense.

USD Rebounds as Stocks Fall on EU Woes- Index to Hold Upward Trend Posted: 14 Nov 2011 01:47 PM PST The Dow Jones FXCM Dollar Index (Ticker: USDollar) surged in US trade as risk sentiment tumbled on renewed European debt concerns. The index continues to hold within an ascending channel with major upcoming event risk likely to keep the dollar well supported.

EUR/USD: Trading the 3Q German GDP Report Posted: 14 Nov 2011 12:06 PM PST Europe’s largest economy is expected to expand at a faster pace in the third-quarter, and the development may instill a bullish outlook for the single currency as growth prospects improve.

Bank Research Consensus Weekly 11.14.11 Posted: 14 Nov 2011 10:20 AM PST Following the spike in Italian yields and the euro-era-high France-German government yield spread, the European debt crisis has moved into a new critical phase. Sentiment is definitely against the euro at the moment. However, this has been the case for quite a while and the speculative part of the market has been short the euro for a long time. The latter has in fact made it difficult for the market to push EUR/USD lower to any significant extent as „speculators‟ were already positioned that way. However, as we elaborate below, there is now a rising risk that commercial and pension fund flows will also turn increasingly euro negative. Arne Lohmann Rasmussen, Chief Analyst, Danske Bank

Forex Strategy Outlook: Euro Primed for Selling Opportunities Posted: 14 Nov 2011 09:00 AM PST A sharp swing higher in forex options market volatility expectations suggests the Euro/US Dollar and Australian Dollar/US Dollar pairs could see further sharp declines into the days ahead.

USD Correction On Tap, British Pound Outlook Weighed By BoE Posted: 14 Nov 2011 08:45 AM PST The greenback bounced back on Monday following the shift in market sentiment, and the reserve currency should continue to recoup the losses from the previous week as risk appetite falters.

Guest Commentary: Oil Prices Weekly Outlook November 14-18 Posted: 14 Nov 2011 07:11 AM PST Oil prices rallies during most of last week and may also continue their upward trend in the upcoming week depending on the development in Europe and U.S. The recent news from the Middle East in particular the explosion of a missile base in Iran might raise the concerns in the Middle East and might also consequently adversely affect the oil market. But for the time being the region remains stable.

Forex: Euro Gripped By Market Jitters, Sterling To Threaten Range Posted: 14 Nov 2011 06:35 AM PST Market sentiment waned during the European trade and the shift away from risk-taking behavior may gather pace throughout the North American session as the ongoing turmoil in the euro-area bears down on investor confidence.

Rising Italian and Spanish Borrowing Costs Weigh on Euro Posted: 14 Nov 2011 06:23 AM PST Despite significant progress over the weekend in which Silvio Berlusconi fulfilled his promise to step down as Italian Prime Minster, the safe haven currencies were leading the majors to start the week as Italian and Spanish debt markets continued to erode.

Forex: Euro Gripped By Market Jitters, Sterling To Threaten Range Posted: 14 Nov 2011 06:10 AM PST Market sentiment waned during the European trade and the shift away from risk-taking behavior may gather pace throughout the North American session as the ongoing turmoil in the euro-area bears down on investor confidence.

Crude Oil, Gold Look to Italian Bond Sale to Shape Sentiment Trends Posted: 14 Nov 2011 02:16 AM PST Crude oil and silver prices are looking to the outcome of an Italian bond auction for guidance on investors’ confidence in the new government’s debt-fighting prowess.

Euro-zone Eases Away From Collapse; Tuesday’s Docket Suggests Volatility Posted: 14 Nov 2011 12:00 AM PST The past week offered some reprieve to the Euro-zone debt issue as Italy and Greece eased away from complete collapse as new governments looked to take root. The next week offers numerous fundamental catalysts, with the most significant bulk of data due on Tuesday.

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