DailyFX - Forex Market News

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• Crude Oil May Break with Broader Trends as US - Iran Tensions Mount
• FOREX: Euro Selling May Return on Germany, Portugal Bond Auctions
• Looking for Opportunities to Sell Risk Correlated Currencies in 2012
• Guest Commentary: Making Plans for the Year
• US Dollar Index Tumbles as Investors Chase Yields
• EUR/USD: Trading the U.S. Non-Farm Payrolls
• Bank Research Consensus Weekly 01.03.12
• USD Index Searches For Support, Euro Threatens Downward Trend
• Forex Strategy Outlook: US Dollar Trend Trading Favored in New Year
• USD Struggles Ahead Of FOMC Minutes, Euro Weakness Ahead
• Guest Commentary: Oil Prices Weekly Outlook January 2-6
• Crude Oil Poised to Follow Stocks Higher, Gold Eyes FOMC Minutes

Crude Oil May Break with Broader Trends as US - Iran Tensions Mount Posted: 04 Jan 2012 01:04 AM PST Crude oil may deviate from larger risk appetite trends amid mounting tension between the US and Iran. Gold looks to the US Dollar for direction cues.

FOREX: Euro Selling May Return on Germany, Portugal Bond Auctions Posted: 03 Jan 2012 11:13 PM PST The Euro may resume its down trend as the outcomes of German and Portuguese bond auctions remind investors of the unresolved Eurozone debt crisis.

Looking for Opportunities to Sell Risk Correlated Currencies in 2012 Posted: 03 Jan 2012 11:02 PM PST Although we have been talking about the drop in the EUR/AUD cross rate for some time, we contend that a major base is on the verge of forming which could open an exciting long opportunity…

Guest Commentary: Making Plans for the Year Posted: 03 Jan 2012 06:00 PM PST Did you make any forex related New Year's Resolutions? If so, was it simply "make money in forex" or something a bit more detailed than that?

US Dollar Index Tumbles as Investors Chase Yields Posted: 03 Jan 2012 02:00 PM PST The greenback starts the year on shaky ground with the index testing key support in North American trade. Here are the levels to watch as risk assets continue to outperform.

EUR/USD: Trading the U.S. Non-Farm Payrolls Posted: 03 Jan 2012 12:33 PM PST U.S. job growth is expected to gather pace in December and the ongoing improvement in the labor market could prop up the dollar as the development dampens the scope for another round of quantitative easing.

Bank Research Consensus Weekly 01.03.12 Posted: 03 Jan 2012 09:15 AM PST EUR shorts at extreme levels: EUR net shorts have reached record levels, at -127,900 (net contracts) and more than 46% of open interest. The latter corresponds to a deviation from the mean of more than 4 sigmas, indicating very crowded positioning. Hence, while we have pencilled in further EUR weakness in our latest FX forecasts (FX Forecast Update: Moving closer to a bottom in EUR/USD, 20 December 2011), stretched positioning may limit the downside in EUR/USD. Sverre Holbek, Senior Analyst, Danske Bank

USD Index Searches For Support, Euro Threatens Downward Trend Posted: 03 Jan 2012 08:42 AM PST The greenback came under pressure on Tuesday, with the Dow Jones-FXCM U.S. Dollar Index tumbling to a low of 9,870, but we may see the reserve currency regain its footing should the Federal Reserve talk down speculation for another large-scale asset purchase program.

Forex Strategy Outlook: US Dollar Trend Trading Favored in New Year Posted: 03 Jan 2012 08:00 AM PST Strong US Dollar volatility into the first full trading day of the year suggests we may see similar moves into the foreseeable future, pointing to trend and breakout-based US Dollar trading until further notice.

USD Struggles Ahead Of FOMC Minutes, Euro Weakness Ahead Posted: 03 Jan 2012 06:20 AM PST Market participants moved away from the U.S. dollar ahead following the rise in risk sentiment, but we may see the reserve currency regain its footing during the North American trade as the fundamental outlook for the world’s largest economy improves.

Guest Commentary: Oil Prices Weekly Outlook January 2-6 Posted: 03 Jan 2012 05:32 AM PST Oil prices slightly declined during the last week of 2011, but this week we are entering a new year and the direction of oil prices may change.

Crude Oil Poised to Follow Stocks Higher, Gold Eyes FOMC Minutes Posted: 03 Jan 2012 01:59 AM PST Crude oil is positioned to follow stock prices higher amid a recovery in risk appetite but gold prices may reverse downward as the outlook for QE3 sours.

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