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Wednesday, January 11, 2012

DailyFX - Forex Market News

DailyFX - Forex Market News


FOREX: Euro Eyeing Merkel, Monti Meeting Amid Italy Downgrade Fears

Posted: 10 Jan 2012 11:00 PM PST

The Euro is looking to the outcome of a meeting between Angela Merkel and Mario Monti for direction after Fitch said it may soon downgrade Italy.

Euro Remains Well Offered On Even the Smallest of Rallies

Posted: 10 Jan 2012 10:25 PM PST

While technical studies warn of a correction, the Euro has been unable to muster any meaningful corrective strength and this could once again open fresh weakness…

Dollar Slides a Second Day in Calm Waters, What are the Catalysts?

Posted: 10 Jan 2012 08:39 PM PST

We shouldn’t be surprised by the current lack of a prevailing fundamental and capital flow trend; but there is certainly room for annoyance. We are moving deeper into the new trading year and the economic and financial clouds are no longer on the horizon but are directly over our heads. Yet, underlying sentiment remains anchored.

US Dollar Index Holds Critical Support as Stocks Advance

Posted: 10 Jan 2012 02:03 PM PST

The Dow Jones FXCM Dollar Index closed off its lows of the day after rebounding off key Fibonacci support. Here are the key levels to look for moving forward.

Dollar Bulls Poised to Take Control- New USDCAD Scalp, AUDUSD Update

Posted: 10 Jan 2012 12:52 PM PST

Recent price action has offered fresh scalp opportunities for the loonie as the dollar prepares to mount its counteroffensive. We’ve also updates our levels from last week’s aussie setup after a break of channel resistance temporarily flipped our bias.

USD Index Points To Further Strength, Sterling To Face Range-Bound Prices

Posted: 10 Jan 2012 08:24 AM PST

The greenback continued to lose ground on Tuesday, with the Dow Jones-FXCM U.S. Dollar Index testing a low of 9,946, but we may see the reserve currency regain its footing later this week should the Federal Reserve continue to soften its dovish tone for monetary policy.

Guest Commentary: Gold & Silver Daily Outlook 01.10.2012

Posted: 10 Jan 2012 07:38 AM PST

Gold and silver started the second week of 2012 with light changes as gold price moderately declined and silver price slightly rose.

FOREX: Euro Euphoria Resurfaces, France To Maintain Credit Rating

Posted: 10 Jan 2012 06:40 AM PST

Risk appetite continued to pick up on Tuesday as the economic docket encouraged an improved outlook for global growth, but the rise in market sentiment may taper off as the heightening risk for contagion drags on investor confidence.
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