DailyFX - Forex Market News

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• FOREX: US Dollar to Decline as Seasonal Forces Take Over Markets
• Guest Commentary: For 46 Million Americans, There’s No Recovery
• Markets Supported by US Data, Spanish Auction and Healthy Correction
• Overnight Data Fails to Influence Price Action As Currencies Consolidate
• Dollar Posts its First Decline This Week, Fear Keeps it Elevated
• US Dollar Consolidation Underway- Weakness to be Short-Lived
• Guest Commentary: How the European Debt Crisis Affects Gold Price?
• AUD/USD Puts In New Lows, But Holds Channel- Fresh Scalp Setup
• EUR/USD: Trading the U.S. Consumer Price Report
• USD Outlook Remains Bullish, Japanese Yen To Weaken Further
• U.S. Dollar Down as SNB Decision Leads to Franc Rally
• Euro Gains On Talks Of Foreign Aid, Franc Strength To Be Short-Lived
• US Dollar May Consolidate Through Year-End, Rally to Resume in 2012
• Crude Oil, Gold are Set to Rise Amid a Recovery in Risk Appetite

FOREX: US Dollar to Decline as Seasonal Forces Take Over Markets Posted: 16 Dec 2011 12:05 AM PST The US Dollar is likely to weaken into the end of the trading week as seasonal profit-taking overtakes the financial markets.

Guest Commentary: For 46 Million Americans, There’s No Recovery Posted: 15 Dec 2011 11:00 PM PST Recent US indicators have been positive, and this finally includes also employment figures: jobs are created at a steady pace and unemployment is dropping.

Markets Supported by US Data, Spanish Auction and Healthy Correction Posted: 15 Dec 2011 10:18 PM PST Following a week which saw some aggressive selling in risk correlated assets, it is not surprising to see some support to allow for a healthy corrective bounce…

Overnight Data Fails to Influence Price Action As Currencies Consolidate Posted: 15 Dec 2011 10:11 PM PST Markets have been locked in some quiet consolidation for a good deal of Thursday trade and we suspect things could pick up with a busy US economic calendar …

Dollar Posts its First Decline This Week, Fear Keeps it Elevated Posted: 15 Dec 2011 06:54 PM PST As expected the dollar’s impressive bull run this week has tempered its pace just before having to make a serious decision on a much larger trend. Not at all surprising, the same hesitance was seen from the S&P 500 Index and other sentiment-based assets that are on the cusp of open-range bear trends.

US Dollar Consolidation Underway- Weakness to be Short-Lived Posted: 15 Dec 2011 02:48 PM PST The Dow Jones FXCM Dollar Index snapped three days of advances as markets saw a reprieve from the heavy selling pressure seen over the past few session. However the relief rally is likely to be short-lived as the dollar looks higher.

Guest Commentary: How the European Debt Crisis Affects Gold Price? Posted: 15 Dec 2011 01:45 PM PST The rising concerns in regards to the faith of the European Union continues to grow; the recent agreement struck in the EU Summit in Brussels has failed to ease the speculation around the instability of the European Union. There are mixed signals in regards to the effect of the European Debt Crisis on gold price: Some speculate that the EU crisis pushes gold down and other think the opposite, so which is it?

AUD/USD Puts In New Lows, But Holds Channel- Fresh Scalp Setup Posted: 15 Dec 2011 01:30 PM PST We’ve been aggressively scalping the aussie as it continues to track broader market sentiment with precision. Recent price action has offered clear price targets on the pair as it continues to trade within a descending channel formation. Key Levels to Watch.

EUR/USD: Trading the U.S. Consumer Price Report Posted: 15 Dec 2011 12:04 PM PST As the headline reading for U.S. inflation is expected to hold steady in November, the stickiness in price growth could prop up the USD as market participants scale back expectations for additional monetary support.

USD Outlook Remains Bullish, Japanese Yen To Weaken Further Posted: 15 Dec 2011 09:37 AM PST The greenback lost ground on Thursday, with the Dow Jones-FXCM U.S. Dollar Index tagging a low of 10,016, but the recent weakness is likely to be short-lived as the fundamental outlook for the world’s largest economy improves.

U.S. Dollar Down as SNB Decision Leads to Franc Rally Posted: 15 Dec 2011 06:45 AM PST Earlier today, the Swiss National Bank left their key rates on hold and the EUR/CHF floor unchanged at 1.2000. As a result, the Swiss Franc surged across the board, finding renewed luster as a safe haven, inspiring a U.S. Dollar sell-off.

Euro Gains On Talks Of Foreign Aid, Franc Strength To Be Short-Lived Posted: 15 Dec 2011 06:35 AM PST Market sentiment firmed up on Thursday on speculation that the Euro-Zone will be able to acquire assistance from the international community, but the rebound in risk appetite could be short-lived as the heightening risk for contagion continues to bear down on investor confidence.

US Dollar May Consolidate Through Year-End, Rally to Resume in 2012 Posted: 15 Dec 2011 03:30 AM PST The US Dollar may spend the remainder of the month in consolidation as seasonal factors overtake financial markets, with the haven currency’s rally to resume in 2012.

Crude Oil, Gold are Set to Rise Amid a Recovery in Risk Appetite Posted: 15 Dec 2011 03:08 AM PST Crude oil and gold prices appear set to recover amid a corrective improvement in risk appetite as seasonal year-end factors enter into the picture.

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