DailyFX - Forex Market News

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• FOREX: US Dollar Selling May Slow as Euro FinMin Summit Approaches
• FOREX: Forget Economists, Chris Rock Knows Best
• Guest Commentary: The Weekly Macro View - IMF To The Rescue? We Think Not
• Dollar Ends Monday Remarkably Unchanged after Morning Risk Rally
• Bounce in Stocks Halts USD Advance- Watch Key Fibonacci Support
• Bank Research Consensus Weekly 11.28.11
• EUR/USD: Trading the U.S. Consumer Confidence Survey
• USD Finds Support, FX Traders Curb Bets For Another Yentervention
• Euro Optimism To Be Short-Lived, Sterling Outlook Remains Bearish
• Sharp US Dollar and Yen Declines Set Stage for Counter-trend Trades
• Guest Commentary: Gold & Silver Daily Outlook 11.28.2011
• Commodity Currencies Surge on Unsubstantiated Euro-zone Hopes
• 7 Reasons Not to Use the FXE to Trade the Euro
• U.S. Non-farm Payrolls Eyed as Global Credit Conditions Erode
• Crude Oil, Gold Push Higher as US Dollar Sinks Amid Sentiment Recovery

FOREX: US Dollar Selling May Slow as Euro FinMin Summit Approaches Posted: 29 Nov 2011 12:27 AM PST The US Dollar fell in Asia as traders trimmed bets on continued risk aversion before a meeting of Eurozone finance ministers. The move is unlikely to prove lasting.

FOREX: Forget Economists, Chris Rock Knows Best Posted: 28 Nov 2011 11:36 PM PST The idea of markets buying back into risk in the current environment is laughable and we take the time to rant in today’s Opening Comment…

Guest Commentary: The Weekly Macro View - IMF To The Rescue? We Think Not Posted: 28 Nov 2011 11:00 PM PST The IMF are galloping to the rescue early in the week after reports emerged out of Italy that the fund was preparing to lend Italy much needed cash at the significantly lower than market rate of 4-5% with 18-months of breathing room for the beleaguered nation.

Dollar Ends Monday Remarkably Unchanged after Morning Risk Rally Posted: 28 Nov 2011 09:07 PM PST Does every trader in the market make rational decisions when placing a position? Absolutely not. In fact, it is arguable that speculation distorts the view of the masses – pushing us more often towards the extremes of fear or greed.

Bounce in Stocks Halts USD Advance- Watch Key Fibonacci Support Posted: 28 Nov 2011 02:05 PM PST A massive rally in global equity markets weighed on the Dow Jones FXCM Dollar Index as demand for safe havens dwindled. Here are the levels to watch for the dollar.

Bank Research Consensus Weekly 11.28.11 Posted: 28 Nov 2011 01:45 PM PST The newly appointed Monti government will have its hands full in a difficult economic and market environment. While the limits of debt sustainability have not been reached yet, in our view, confidence is a crucial element to prevent any self-fulfilling prophecy, such as a buyers' strike, from materialising. More political stability definitely helps, as well as an often overlooked strength and size of the balance sheet of the household sector. We look at all these issues from several perspectives. Daniele Antonucci, Morgan Stanley

EUR/USD: Trading the U.S. Consumer Confidence Survey Posted: 28 Nov 2011 12:42 PM PST A rebound in consumer confidence should help to instill an improved outlook for the world’s largest economy, and we may see a bullish reaction in the USD as the data highlights a stronger recovery for 2012.

USD Finds Support, FX Traders Curb Bets For Another Yentervention Posted: 28 Nov 2011 09:06 AM PST The rebound in market sentiment sapped demands for the greenback, but the rise in risk appetite is likely to be short-lived as the fundamental outlook for the global economy turns increasingly bleak.

Euro Optimism To Be Short-Lived, Sterling Outlook Remains Bearish Posted: 28 Nov 2011 07:05 AM PST Optimism surrounding the EU meeting propped up market sentiment on Monday, but the rebound in risk appetite could be short-lived should European policy makers struggle to meet on common ground.

Sharp US Dollar and Yen Declines Set Stage for Counter-trend Trades Posted: 28 Nov 2011 07:00 AM PST Sharp Australian Dollar/US Dollar rallies and overnight declines in the Japanese Yen warn that we may see big counter-trend moves in the week ahead, favoring range trades across key currency pairs.

Guest Commentary: Gold & Silver Daily Outlook 11.28.2011 Posted: 28 Nov 2011 06:43 AM PST Gold and silver ended the week falling as major currencies such as Euro and Australian dollar depreciated against the US dollar. The debate over the budget cuts in the U.S. will continue to occupy the news and may even affect the trading.

Commodity Currencies Surge on Unsubstantiated Euro-zone Hopes Posted: 28 Nov 2011 06:25 AM PST Higher yielding currencies and risk-correlated assets posted enormous gains against the safe haven block – the FX Carry Trade Index was up over 1.8 percent ahead of North American trading – as rumors about an International Monetary Fund bailout of Italy stoked risk-appetite. Although these rumors were officially dismissed, risk-appetite continues to surge.

7 Reasons Not to Use the FXE to Trade the Euro Posted: 28 Nov 2011 04:30 AM PST Interest in euro currency ETF’s has spiked amidst the euro crisis. Unfortunately, these ETF’s limitations and expenses may cause investors to come up short.

U.S. Non-farm Payrolls Eyed as Global Credit Conditions Erode Posted: 28 Nov 2011 04:00 AM PST Markets did not receive the bounce many were expecting during the holiday week; open higher possible but risk potential remains capped by deteriorating interbank lending conditions. Could Friday’s U.S. labor market report stem recent turmoil?

Crude Oil, Gold Push Higher as US Dollar Sinks Amid Sentiment Recovery Posted: 28 Nov 2011 02:55 AM PST Crude oil and gold prices are gaining as the fading safe-haven demand weighs on the US Dollar. S&P 500 stock index futures point to more of the same ahead.

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