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Friday, January 6, 2012

DailyFX - Forex Market News

DailyFX - Forex Market News


Crude Oil to Rise While Gold Declines on US Jobs Report

Posted: 06 Jan 2012 01:55 AM PST

Crude oil prices are likely to rise while gold comes under selling pressure in the wake of an expected pickup in US employment growth in December.

FOREX: Dollar May Retreat as US Jobs Growth Stokes Risk Appetite

Posted: 05 Jan 2012 11:55 PM PST

The US Dollar may continue to push higher as growing Eurozone debt crisis fears stoke safe-haven demand. A French bond auction is in the spotlight.

Euro Could See Acceleration Towards 1.2500 Over Coming Sessions

Posted: 05 Jan 2012 10:33 PM PST

While we had been projecting Euro weakness towards 1.2000 over the first quarter of 2012, we certainly did not anticipate that the moves could come this quickly…

US Dollar Index Eyes 10,000- Will NFPs Tip the Scales?

Posted: 05 Jan 2012 02:01 PM PST

The Dow Jones FXCM Dollar Index has had an impressive run over the last two sessions as equity markets struggle to stay afloat. Will tomorrow’s NFP print see a test of key resistance? Here are the levels to watch.

Fresh Scalps for 2012- Short Australian Dollar

Posted: 05 Jan 2012 11:02 AM PST

As the situation in Europe continues to deteriorate, we look to the high yielding aussie to continue to track broader markets sentiment with recent price action offering ideal scalp targets. Here are the key levels to watch.

Guest Commentary: Gold & Silver Daily Outlook 01.05.2012

Posted: 05 Jan 2012 07:23 AM PST

Following the sharp gains recorded on the first business day of 2012 for both gold and silver, gold continued to rise while silver changed direction and moderately declined.

Euro Falls Below 1.2800 For First Time Since September 2010

Posted: 05 Jan 2012 06:35 AM PST

The crisis in Europe is far from over, and as the European Central Bank has expanded its balance sheet, the Euro has lost some of its luster. The EUR/USD pierced last year’s low and broke the 1.2800 exchange rate for the first time in over a year.
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