DailyFX - Forex Market News

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• FOREX: Euro Crisis Still in Focus, Merkel and Bond Auctions on Tap
• Euro Eyes Next Key Support by Yearly Lows from January
• Dollar Rallies on Risk Aversion and then on Fed Policy Hold
• FED Triggers Stock Sell-Off – US Dollar Index Eyes 10,070
• GBP/USD: Trading the U.K. Jobless Claims Report
• Renewed Dollar Strength Offers Fresh USD/CAD Scalp Targets
• USD Index To Carve Higher High, Euro Weakness To Accelerate
• Guest Commentary: Gold & Silver Daily Outlook 12.13.2011
• USD Struggles Ahead Of FOMC Rate Decision, Euro Weighed By ECB
• Aussie Leads Majors Ahead of FOMC; U.S. Retail Sales Disappoint
• Bank Research Consensus Weekly 12.13.11
• Crude Oil, Gold Prices Look to Fed Rate Decision for Guidance
• FOREX: Euro Debt Crisis Takes Back Seat, Spotlight on Federal Reserve

FOREX: Euro Crisis Still in Focus, Merkel and Bond Auctions on Tap Posted: 14 Dec 2011 12:28 AM PST The Euro crisis remains in focus, with investors focused on a speech from Angela Merkel as well as a pair of bond auctions from Italy and Germany.

Euro Eyes Next Key Support by Yearly Lows from January Posted: 13 Dec 2011 10:33 PM PST Now that the market has finally taken out key support by 1.3145, the focus can shift to a retest of the 2011 lows from January at 1.2870…

Dollar Rallies on Risk Aversion and then on Fed Policy Hold Posted: 13 Dec 2011 02:38 PM PST The US dollar is coming very close to setting new highs for the year just as surely as investor sentiment looks to be at risk of a serious collapse. The fundamentally-including recognize the inverse relationship between the two is attributed to the underlying currents in risk trends; but for the greenback to truly catalyze a lasting bull trend, we need a genuine fear to seize global investors to leverage its position as safe harbor.

FED Triggers Stock Sell-Off – US Dollar Index Eyes 10,070 Posted: 13 Dec 2011 02:10 PM PST The Dow Jones FXCM Dollar Index continued its ascent today as eased speculation over further QE measures saw traders pile into the reserve currency. The index now eyes key Fibonacci resistance at 10,070.

GBP/USD: Trading the U.K. Jobless Claims Report Posted: 13 Dec 2011 01:11 PM PST A ninth consecutive rise in U.K. Jobless Claims is likely to bear down on the exchange rate, and the ongoing weakness in the real economy may encourage the Bank of England to expand monetary policy further in 2012.

Renewed Dollar Strength Offers Fresh USD/CAD Scalp Targets Posted: 13 Dec 2011 12:41 PM PST The pair looks to have put in an interim bottom as the dollar continues to advance. An hourly ATR complements our levels as we look for further topside moves in the USD/CAD. Here are the levels to watch.

USD Index To Carve Higher High, Euro Weakness To Accelerate Posted: 13 Dec 2011 08:49 AM PST The greenback regained its footing during the North American trade, with the Dow Jones-FXCM U.S. Dollar index advancing to a fresh monthly high of 10.006, and the greenback may push higher over the next 24-hours trading should the Federal Reserve talk down speculation for additional monetary support.

Guest Commentary: Gold & Silver Daily Outlook 12.13.2011 Posted: 13 Dec 2011 07:11 AM PST Gold and silver started the week with very sharp losses; many commodities prices, stock indexes and forex exchange rates also sharply declined yesterday. This reaction was probably prompted by the markets' disappointment from the recent EU Summit.

USD Struggles Ahead Of FOMC Rate Decision, Euro Weighed By ECB Posted: 13 Dec 2011 06:35 AM PST The U.S. dollar is struggling to hold its ground ahead of the FOMC interest rate decision, but we may see the greenback regain its footing later today should the central bank talk down speculation for another large-scale asset purchase program.

Aussie Leads Majors Ahead of FOMC; U.S. Retail Sales Disappoint Posted: 13 Dec 2011 06:20 AM PST The U.S. Dollar traded lower while the Australian Dollar led gains ahead of the Federal Reserve’s rate decision later today. In the meantime, retail sales data out of the United States disappointed expectations ahead of trading in New York.

Bank Research Consensus Weekly 12.13.11 Posted: 13 Dec 2011 06:10 AM PST There can be no mistaking that the key decisions taken by European leaders at the EU Summit, i.e., the commitment to a new ‘fiscal compact', might well, with the benefit of hindsight, one day be viewed as the key step towards a fiscal union in the euro area. At this stage, however, progress towards such fiscal union - as well as the shape it might eventually take - is far from certain, we think. Elga Bartsch & Daniele Antonucci, Morgan Stanley

Crude Oil, Gold Prices Look to Fed Rate Decision for Guidance Posted: 13 Dec 2011 04:29 AM PST Crude oil is poised to rise with risky assets while gold may find itself under pressure amid fading QE3 hopes as the spotlight turns to the FOMC rate decision.

FOREX: Euro Debt Crisis Takes Back Seat, Spotlight on Federal Reserve Posted: 13 Dec 2011 12:35 AM PST Currency markets are likely to shift the spotlight from Europe to the Fed rate decision, with traders keen to see how the bank responds to clearly firming US data.

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