DailyFX - Forex Market News

---

• S&P and RBA Weigh on Sentiment Early Tuesday
• Guest Commentary: The Weekly Macro View - Give The Pre-EU-Summit Rally A Miss
• Australian Dollar Tumbles after RBA Cut, Further Moves Possible
• USD Losses Tempered Ahead of Five Rate Decisions- Index Holds Support
• Bank Research Consensus Weekly 12.05.11
• AUD/USD: Trading the Reserve Bank of Australia Interest Rate Decision
• US Dollar Likely Headed Lower into Quiet Year-end Trading
• USD Correction On Tap, Australian Dollar To Face RBA Rate Cut
• Guest Commentary: Gold & Silver Daily Outlook 12.05.2011
• Forex: Euro At Risk Ahead Of EU Summit, Sterling To Consolidate
• Commodity Currencies Lead Majors as Merkel and Sarkozy Reach Agreement
• Oil and Gold Aim Higher but Merkel, Sarkozy Meeting Can Alter Outlook
• Five Rate Decisions Ahead; ECB Meeting, Euro-zone Summit Headline Week

S&P and RBA Weigh on Sentiment Early Tuesday Posted: 05 Dec 2011 11:10 PM PST Although markets have been mostly quiet, global RBA concerns and warnings of downgrades from S&P have been enough weigh on sentiment…

Guest Commentary: The Weekly Macro View - Give The Pre-EU-Summit Rally A Miss Posted: 05 Dec 2011 11:00 PM PST The next in a steady string of EU summits is scheduled to take place on December 8th-9th where leaders are once again going to try and find a way out of this mess. Markets have a tendency of rallying ahead of these events in anticipation that something might actually get done and often end up being disappointed by the results.

Australian Dollar Tumbles after RBA Cut, Further Moves Possible Posted: 05 Dec 2011 10:05 PM PST There was significant enough debate in the RBA rate decision; that either a cut or a hold would have been a surprise. A slim majority of economists and the 80 percent probability priced into overnight swaps proved accurate in calls for a 25bp cut to the benchmark rate to 4.25 percent.

USD Losses Tempered Ahead of Five Rate Decisions- Index Holds Support Posted: 05 Dec 2011 03:42 PM PST The Dow Jones FXCM Dollar index was softer at the close of trade as the rally in stocks continued. Losses continue to be limited however ahead of key economic data this week, starting with tonight’s RBA rate decision.

Bank Research Consensus Weekly 12.05.11 Posted: 05 Dec 2011 02:00 PM PST In a week heavy on economic releases and central bank meetings (six among the G10), focus is nonetheless expected to be mainly on the ECB and the EU policy response. The question is will Draghi, Merkel and Sarkozy be able to meet market expectations and trigger a relief rally? Kasper Kirkegaard, Senior Analyst, Danske Bank

AUD/USD: Trading the Reserve Bank of Australia Interest Rate Decision Posted: 05 Dec 2011 12:27 PM PST Expectations for another rate cut instills a bearish outlook for the Australian dollar, and the high-yielding currency may give back the advance from earlier this month should the central bank see scope to carry its easing cycle into 2012.

US Dollar Likely Headed Lower into Quiet Year-end Trading Posted: 05 Dec 2011 09:05 AM PST Significant US Dollar declines set the stage for continued weekend into year-end trading, and we favor key trend trades into the coming weeks of price action.

USD Correction On Tap, Australian Dollar To Face RBA Rate Cut Posted: 05 Dec 2011 09:03 AM PST The greenback weakened against all of its major counterparts on Monday and the reserve currency may weaken further over the coming days as it trades within a bearish pattern.

Guest Commentary: Gold & Silver Daily Outlook 12.05.2011 Posted: 05 Dec 2011 08:30 AM PST Gold and silver ended the first week of December with moderate change; the U.S. employment report, which was published on Friday, seems to have had a modest effect on the precious metals prices.

Forex: Euro At Risk Ahead Of EU Summit, Sterling To Consolidate Posted: 05 Dec 2011 07:00 AM PST Investor confidence firmed up on Monday as Italy announced additional measures to balance its budget deficit, but the rise in risk sentiment could be short-lived as European policy makers maintain a cautious outlook for the region.

Commodity Currencies Lead Majors as Merkel and Sarkozy Reach Agreement Posted: 05 Dec 2011 06:50 AM PST Risk-appetite continued to push higher in the overnight as speculation that France and Germany would reach agreement on how to resolve the Euro-zone crisis. Indeed, market participants were rewarded for their bullish bets after the French and German heads of state announced that the core had found middle ground on how to save the Euro-zone.

Oil and Gold Aim Higher but Merkel, Sarkozy Meeting Can Alter Outlook Posted: 05 Dec 2011 04:17 AM PST Crude oil and gold are aiming higher as a recovery in risk appetite weighs on the US Dollar but a meeting between French and German leaders can alter the outlook.

Five Rate Decisions Ahead; ECB Meeting, Euro-zone Summit Headline Week Posted: 05 Dec 2011 03:00 AM PST The Euro-zone sovereign debt crisis continues to be the most important macroeconomic theme guiding markets, and until there is resolution – expected to come this week – markets will pay little attention to anything else.

You are subscribed to email updates from DailyFX - Forex Market News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

.