DailyFX - Forex Market News

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• FOREX: Euro Looks to ECB Rate Decision for Much-Needed Lifeline
• European Trade Should be Quiet As Investors Pause Ahead of Event Risk
• Dollar Rallies but Move Hardly Trend Material
• Guest Commentary: Germany’s Negative Yields – Another Reflection of Distrust in Periphery
• USD Advances Ahead of BoE, ECB- Index Poised for Further Gains
• EUR/USD: Trading the U. of Michigan Confidence Survey
• USD Index Poised For Bullish Breakout, Euro Outlook Weighed By ECB
• Guest Commentary: Gold & Silver Daily Outlook 01.11.2012
• USD To Benefit From Fed’s Beige Book, Euro To Weaken Further On ECB
• British Pound and Euro Pace Losses Ahead of Central Bank Meetings
• Crude Oil, Gold Under Pressure as Returning Risk Aversion Boosts Dollar
• EUR/USD: Trading the U.S. Advance Retail Sales Report

FOREX: Euro Looks to ECB Rate Decision for Much-Needed Lifeline Posted: 11 Jan 2012 11:40 PM PST The Euro is looking to the ECB rate decision for salvation, with only a pledge of increased support for at-risk Eurozone member states likely to mollify the markets.

European Trade Should be Quiet As Investors Pause Ahead of Event Risk Posted: 11 Jan 2012 11:38 PM PST The Euro remains under pressure ahead of the European Central Bank rate decision and it will be interesting to see how the central bank responds…

Dollar Rallies but Move Hardly Trend Material Posted: 11 Jan 2012 07:13 PM PST The markets are exceptionally quiet. This may not seem that unusual given the proximity to the year-end period; yet historically, speculative activity picks up quickly after the turn of the year (usually by the second week). The best analogy for the current state of activity is that of a deer in the headlights.

Guest Commentary: Germany’s Negative Yields – Another Reflection of Distrust in Periphery Posted: 11 Jan 2012 06:00 PM PST For the first time, Germany’s bond auction yielded negative yields. Its 6 month bond auction resulted in 3.9 billion euros in fresh funds, with a yield of -0.012%.

USD Advances Ahead of BoE, ECB- Index Poised for Further Gains Posted: 11 Jan 2012 02:39 PM PST The Dow Jones FXCM Dollar Index snapped a two-day losing streak in North American trade ahead of major event risk tomorrow. Here are the key levels to keep in mind heading into the ECB, BoE rate decisions.

EUR/USD: Trading the U. of Michigan Confidence Survey Posted: 11 Jan 2012 12:32 PM PST A fifth consecutive rise in household confidence could spark a bullish reaction in the U.S. dollar, and the development may curb expectations for additional monetary support as the recovery in the world’s largest economy gradually gathers pace.

USD Index Poised For Bullish Breakout, Euro Outlook Weighed By ECB Posted: 11 Jan 2012 08:05 AM PST The greenback pared the decline from earlier this week, with the Dow Jones-FXCM U.S. Dollar Index advancing to10,023 on Wednesday, and the reserve currency should continue to gain during the North American trade as we expect the Federal Reserve to strike an improved outlook for the world’s largest economy.

Guest Commentary: Gold & Silver Daily Outlook 01.11.2012 Posted: 11 Jan 2012 07:21 AM PST Gold and silver continue to rise along with the rest of the other commodities including oil. The Australian dollar appreciated against the US dollar. This rally in the Forex market may have also helped push up gold and silver

USD To Benefit From Fed’s Beige Book, Euro To Weaken Further On ECB Posted: 11 Jan 2012 06:50 AM PST The U.S. dollar regained its footing on Wednesday amid the shift in risk sentiment, and the reserve currency may appreciate throughout the North American trade should the Federal Reserve talk down speculation for additional monetary support.

British Pound and Euro Pace Losses Ahead of Central Bank Meetings Posted: 11 Jan 2012 06:37 AM PST European currencies continued to underperform their major counterparts as the economic fundamentals surrounding the continent continue to erode. With German growth slowing at the end of 2011, a recession across the continent is all but guaranteed.

Crude Oil, Gold Under Pressure as Returning Risk Aversion Boosts Dollar Posted: 11 Jan 2012 01:50 AM PST Crude oil and gold prices appear likely to decline as returning risk aversion weighs on growth-geared assets and boosts the safe-haven US Dollar.

EUR/USD: Trading the U.S. Advance Retail Sales Report Posted: 10 Jan 2012 01:00 PM PST Retail sales in the world’s largest economy are expected to increase for the seventh month in December, and the faster rate of consumption may spark a bullish reaction in the USD as it raises the outlook for growth.

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