DailyFX - Forex Market News

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• Crude Oil, Gold Aim Higher as Risky Assets Rise and US Dollar Weakens
• FOREX: Dollar Weakness to Continue, Merkel / Lagarde Meeting on Tap
• Euro Looks Like Attractive Buy Against Australian Dollar
• Dollar Slides for the First Time in Four Days as Traders Await Risk Catalyst
• EUR/USD: Trading the European Central Bank Interest Rate Decision
• Current US Dollar Correction Offers Chance to Get Long
• Bank Research Consensus Weekly 01.09.12
• US Dollar Trading Favors Trend Strategies, but Reversal Risk High
• USD Remains Clouded With Mixed Signals, Aussie Weakness To Accelerate
• Guest Commentary: Oil Prices Weekly Outlook January 9-13
• Swiss Pairs Volatile After SNB President Resigns Amid Scandal
• FOREX: Euro Optimism Fizzles, Sterling To Consolidate Further

Crude Oil, Gold Aim Higher as Risky Assets Rise and US Dollar Weakens Posted: 10 Jan 2012 01:13 AM PST Crude oil and gold prices are poised to rise as S&P 500 futures signal gains in risky assets and a deeper pull-back in the safe haven US Dollar.

FOREX: Dollar Weakness to Continue, Merkel / Lagarde Meeting on Tap Posted: 09 Jan 2012 11:51 PM PST The US Dollar looks set to weaken further as a bounce in risky assets saps safe-haven demand. A meeting between German and IMF leaders is in focus ahead.

Euro Looks Like Attractive Buy Against Australian Dollar Posted: 09 Jan 2012 10:21 PM PST While the trend has been overwhelmingly bearish to this point, we anticipate that the market will reverse course over the coming sessions and have positioned accordingly…

Dollar Slides for the First Time in Four Days as Traders Await Risk Catalyst Posted: 09 Jan 2012 09:19 PM PST The beginning of the New Trading year is an exciting time mostly because antsy traders expect liquidity to fill back out and the markets to easily fall back into new trends.

EUR/USD: Trading the European Central Bank Interest Rate Decision Posted: 09 Jan 2012 06:00 PM PST Although the European Central Bank is widely expected to maintain its current policy stance in January, the policy statement accompanying the announcement is likely to shake up the single currency as market participants weigh the outlook for monetary policy.

Current US Dollar Correction Offers Chance to Get Long Posted: 09 Jan 2012 02:21 PM PST As anticipated, the greenback has started the week on defense after three consecutive days of advances with the index holding above key support at the close of trade in New York. Here are the key levels to watch moving forward.

Bank Research Consensus Weekly 01.09.12 Posted: 09 Jan 2012 01:00 PM PST The euro was the big loser among the major currencies in a week dominated by continued concern about the debt crisis, Hungary and geopolitical tensions in the Middle East. It weakened against both the US dollar and the yen, as well as against the commodity currencies (NZD and AUD), which have been buoyed by higher oil prices. However, these currencies could be vulnerable if the situation in Iran, which has helped push up oil prices, seriously begins to impact on market sentiment. Sverre Holbek, Senior Analyst, Danske Bank

US Dollar Trading Favors Trend Strategies, but Reversal Risk High Posted: 09 Jan 2012 10:00 AM PST A sharp drop in forex volatility expectations suggests the US Dollar may move little in the days ahead. Yet overriding trends favored continued Greenback highs and EURUSD lows.

USD Remains Clouded With Mixed Signals, Aussie Weakness To Accelerate Posted: 09 Jan 2012 09:30 AM PST The greenback struggled to hold its ground on Monday, with the Dow Jones-FXCM U.S. Dollar Index slipping to a low of 9,983, but we may see the reserve currency regain its footing later today as the fundamental outlook for the world’s largest economy improves.

Guest Commentary: Oil Prices Weekly Outlook January 9-13 Posted: 09 Jan 2012 07:04 AM PST Oil prices started off the month of January with sharp gains mainly during the first couple of days of the year. Will this upward trend continue? For the second week of January, let's examine what is up ahead for the oil market.

Swiss Pairs Volatile After SNB President Resigns Amid Scandal Posted: 09 Jan 2012 07:00 AM PST The Euro rebounded and traded slightly higher against the U.S. Dollar as the world’s reserve currency appears overbought in the near-term. Elsewhere, Philip Hildebrand is president of the Swiss National Bank no more.

FOREX: Euro Optimism Fizzles, Sterling To Consolidate Further Posted: 09 Jan 2012 06:40 AM PST Market sentiment firmed up on Monday as European policy makers renewed their efforts to address the sovereign debt crisis, but the rebound in risk-taking behavior may taper off during the North American trade as the outlook for global growth remains clouded with high uncertainty.

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