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Thursday, December 29, 2011

DailyFX - Forex Market News

DailyFX - Forex Market News


Gold Snaps Multi-Year Support, Pointing to Major Trend Change

Posted: 29 Dec 2011 01:35 AM PST

Gold prices took out support dating back to 2008, hinting a major bearish trend change is at hand. Crude oil looks to an Italian bond auction for direction.

FOREX: Euro Braces for Another Italian Debt Sale as Crisis Fears Rise

Posted: 28 Dec 2011 10:24 PM PST

The Euro is bracing for another Italian bond auction, this time against the backdrop of escalation in debt crisis fears as banks are found hoarding ECB cash.

Risk Off Trade Inensifies in Holiday Thin Conditions

Posted: 28 Dec 2011 10:17 PM PST

We can usually expect to see some volatility in the razor thin holiday trade between Christmas and New years and recent price action confirms that things could be bumpy into Friday…

USD Correction On Tap, British Pound To Hold Range Ahead Of 2012

Posted: 28 Dec 2011 08:50 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 weekly high of 10,024, and the reserve currency may continue to appreciate ahead of the New Year as risk sentiment falters.

Guest Commentary: Gold & Silver Daily Outlook 12.28.2011

Posted: 28 Dec 2011 07:19 AM PST

Gold and silver started the last week of the year with moderate falls. Will this slow crawl down of precious metals continue this week?

Euro Strength To Be Short-Lived, Sterling Eyes 1.5400

Posted: 28 Dec 2011 06:45 AM PST

Market sentiment picked up on Wednesday amid easing finance costs in Europe, but the rise in risk appetite could be short-lived as the fundamental outlook for the global economy turns increasingly weak.

Light Trading Continues; Kiwi Tops Majors, U.S. Dollar Lags

Posted: 28 Dec 2011 06:25 AM PST

Holiday trading conditions remain in place as the year nears completion. Thin market conditions have yielded little volatility, putting the New Zealand Dollar on top while the U.S. Dollar lagged in the overnight on Wednesday.
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