DailyFX - Forex Market News

---

• FOREX: Euro Outlook Darkens as EU Summit Heads Toward Disappointment
• Guest Commentary: Spanish Municipalities Owe EUR3 Billion to Utility Companies
• EU Leaders Under Increased Pressure After ECB Draws Line
• Euro Traders Disappointed by ECB Efforts, Will the EU Compensate?
• USD Roars Back as ECB Split Decision Triggers Global Risk Sell-Off
• EUR/USD: Trading the U. of Michigan Confidence Survey
• USD Rally Overbought, Australian Dollar Top In Place
• Euro Outlook Hinges On EU Summit, Sterling To Consolidate Further
• Guest Commentary: Gold & Silver Daily Outlook 12.08.2011
• Euro Collapses After European Central Bank Cuts Rates

FOREX: Euro Outlook Darkens as EU Summit Heads Toward Disappointment Posted: 09 Dec 2011 01:23 AM PST The outlook for the Euro looks increasingly bleak as EU leaders probe toward a watered-down debt crisis fix that seems unlikely to satiate financial markets.

Guest Commentary: Spanish Municipalities Owe EUR3 Billion to Utility Companies Posted: 08 Dec 2011 11:00 PM PST At the end of Q3, Spanish municipalities owed 3 billion euros to companies providing urban services, such as cleaning, collections, transport, garbage and more. This is one of the largest debt levels, resulting in months of missed payments.

EU Leaders Under Increased Pressure After ECB Draws Line Posted: 08 Dec 2011 10:35 PM PST Failure of the European Central Bank to offer more than a rate cut and some additional measures to enhance liquidity will likely put more pressure on EU leaders at Friday’s Summit…

Euro Traders Disappointed by ECB Efforts, Will the EU Compensate? Posted: 08 Dec 2011 10:16 PM PST We have finally seen a trading day that has offered something in the way of clear direction and perhaps even a little conviction. However, follow through is just as sidelined as it has been on any of the preceding trading days this week.

USD Roars Back as ECB Split Decision Triggers Global Risk Sell-Off Posted: 08 Dec 2011 02:47 PM PST The greenback advanced today as classic haven flows saw traders jettison risk in favor of lower yielding assets. The implications for the dollar are profound ahead of tomorrow’s EU summit as investors contemplate the possibility of the demise of the euro.

EUR/USD: Trading the U. of Michigan Confidence Survey Posted: 08 Dec 2011 12:47 PM PST As U.S. consumer confidence is expected to improve for the fourth consecutive month in December, an upbeat U. of Michigan survey could prop up the greenback as the data instills a positive outlook for the world’s largest economy.

USD Rally Overbought, Australian Dollar Top In Place Posted: 08 Dec 2011 09:12 AM PST The greenback regained its footing on Thursday as the European Central Bank stuck a weakened outlook for the euro-area, and the reverse currency may appreciate further over the next 24-hours of trading as market participants scale back their appetite for risk.

Euro Outlook Hinges On EU Summit, Sterling To Consolidate Further Posted: 08 Dec 2011 07:25 AM PST Market sentiment waned ahead of the North American trade as the European Central Bank highlighted a weakened outlook for the region, and the shift away from risk-taking behavior may gather pace over the next 24-hours of trading as the ongoing turmoil in the euro-area bears down on investor confidence.

Guest Commentary: Gold & Silver Daily Outlook 12.08.2011 Posted: 08 Dec 2011 07:02 AM PST Gold and silver continued to seek direction in the past few days as is the case for other commodities and forex markets.

Euro Collapses After European Central Bank Cuts Rates Posted: 08 Dec 2011 06:50 AM PST Markets were positioned for a bullish trading session on Thursday ahead of the European Central Bank rate decision, but President Mario Draghi’s press conference knocked the wind out of risk-appetite, sinking the Euro.

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

.