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Friday, January 20, 2012

DailyFX - Forex Market News

DailyFX - Forex Market News


Euro Rally Still Has Room to Run Before Broader Downtrend Resumption

Posted: 19 Jan 2012 10:46 PM PST

The Euro has been well bid over the past several sessions and could continue to find bids on dips over the short-term as the first correction of 2012 plays out…

Dollar Slides a Fourth Day as Risk Appetite Persists, Euro Rallies

Posted: 19 Jan 2012 08:49 PM PST

On the week, the dollar finds itself significantly lower against all of its major counterparts with the exception of the Japanese yen. This is a move that fits the picture that the broader capital market is painting for us.

USD/CAD: Trading Canada’s Consumer Price Report

Posted: 19 Jan 2012 12:30 PM PST

Easing price pressures in Canada are likely to dampen the appeal of the loonie and a soft inflation report could spark a rally in the USD/CAD as market participants scale back expectations for higher interest rates.

USD Index At Critical Juncture, Euro Correction Eyes 1.3100

Posted: 19 Jan 2012 09:15 AM PST

The greenback recouped the losses from the overnight trade, with the Dow Jones-FXCM U.S. Dollar index bouncing back from a low of 9,908, and the reserve currency may continue to gain ground over the remainder of the week as the rise in risk-taking behavior appears to be tapering off.

Guest Commentary: Gold & SIlver Daily Outlook 01.19.2012

Posted: 19 Jan 2012 07:29 AM PST

Gold and silver continued their upward trend as they have ended yesterday's trading with gains.

Euro Threatens Longer-Term Trend, Sterling Eyes Key Resistance

Posted: 19 Jan 2012 06:45 AM PST

Positive developments coming out of Europe propped up market sentiment on Thursday, but the rise in risk-taking behavior may taper off going into the end of the week as investor confidence remains frail.

European Currencies Continue Rebound; Will Market Test EUR/CHF Floor?

Posted: 19 Jan 2012 06:34 AM PST

The European Currencies continued their rebound, with the Swiss Franc turning positive on the year against the U.S. Dollar. However, this has placed incredible pressure on the Swiss National Bank’s currency peg, with market participants testing the 1.2000 floor on the EUR/CHF.
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