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Friday, December 23, 2011

DailyFX - Forex Market News

DailyFX - Forex Market News


Dollar Spilling Momentum Quickly as Holiday Trading Conditions Approach

Posted: 22 Dec 2011 10:16 PM PST

It’s difficult to measure (as FX is decentralized), but liquidity is draining quickly for the currency market.

With Christmas Around the Corner, Expect Quiet Friday Trade

Posted: 22 Dec 2011 10:12 PM PST

There are very few working today and most will not be watching markets, instead focused on the more important things. Happy holidays and happy New Year to all…

FOREX: Dollar Pullback Likely to Continue, SNB Quarterly Report on Tap

Posted: 22 Dec 2011 09:56 PM PST

The US Dollar is likely to continue correcting lower amid seasonal profit-taking. The SNB Quarterly Bulletin will be eyed for new anti-Franc policies.

Oil Set to Rise on Seasonal Flows, Gold Near-Term Outlook Clouded

Posted: 22 Dec 2011 09:50 PM PST

Crude oil is poised to rise along with most risky assets on the back of seasonal profit-taking. The near-term outlook for gold prices has become clouded.

US Dollar Index Virtually Unchanged Amid Thin Holiday Trade

Posted: 22 Dec 2011 01:33 PM PST

The Dow Jones FXCM Dollar Index (Ticker: USDollar) held its recent range ahead of key economic data on tap for tomorrow. Here are the levels to watch over the next 24-hours.

Guess Commentary: Gold & Silver Daily Outlook 12.22.2011

Posted: 22 Dec 2011 09:31 AM PST

Gold and silver changed direction and moderately declined yesterday, even though other commodities such as oil rose on Wednesday.

U.S. Dollar Rallies after Third Quarter GDP Revision; Loonie on Top

Posted: 22 Dec 2011 06:30 AM PST

Higher yielding currencies and risk-correlated assets ticked higher in the European session, but data ahead of the opening bell in New York weighed on the commodity currencies, boosting the U.S. Dollar.

Oil and Gold Aim Higher But Euro Debt Crisis Fears May Snuff Rally

Posted: 22 Dec 2011 02:30 AM PST

Crude oil and gold prices are poised to rise with an upswing in overall risk appetite but Eurozone debt crisis fears may undermine bullish momentum.
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