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Monday, November 21, 2011

DailyFX - Forex Market News

DailyFX - Forex Market News


Crude Oil, Gold Prices Sink as Safe Haven Demand Boosts US Dollar

Posted: 21 Nov 2011 01:37 AM PST

Crude oil and gold prices are under heavy selling pressure as risk aversion stokes safe-haven demand for the US Dollar. S&P 500 futures hint more of the same ahead.

Illiquid Conditions Expected Amid U.S. Holiday; U.S. Debt Deadline Ahead

Posted: 21 Nov 2011 12:00 AM PST

A lack of positive developments coupled with deteriorating global sentiment weighed on higher yielding currencies and risk-correlated assets this past week; a small bounce may be in line with lower market participation rates expected due to the U.S. holiday on Thursday.

FOREX: Dollar Aims Higher on Risk Aversion, Euro Looks to ECB for Help

Posted: 20 Nov 2011 11:48 PM PST

The Dollar is set to rise on safe-haven buying as signs of deadlock in US budget negotiations weigh on sentiment. ECB officials’ comments are in focus for the Euro.

Yen Not Expected to Continue to Find Risk Liquidation Bids

Posted: 20 Nov 2011 10:37 PM PST

While we recognize the inherent correlation between the Yen and risk, we do not feel that this familiar positive correlation will hold up for much longer…

Dollar to Find Support in US Budget Deadlock, Euro Debt Crisis

Posted: 20 Nov 2011 09:38 PM PST

  • EUR: Role of ECB in Debt Crisis Containment in Focus
  • GBP: Bank of England Minutes to Reinforce Case for QE
  • JPY: Intervention Threat Continues to Hang Over Yen
  • CAD, AUD, NZD: Comm Bloc Looks to Stocks for Cues

Gold Follows Risky Assets, Remain Anti-dollar as US Debt Talks Deadlock

Posted: 20 Nov 2011 06:36 PM PST

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