DailyFX - Forex Market News

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• FOREX: Yen Outperforms as Traders Look Past US GDP to EU Summit
• Currency Overview, Reflection and Outlook for Major Currencies
• Dollar: Risk Rally May be Fatigued but GDP Expectations Restrained
• US Dollar Losses to Ease as Fed Euphoria Fades- GDP on Tap
• EUR/USD: Trading the Advance U.S. GDP Report
• U.S. Dollar Index Holds Trendline Support, Aussie Overbought
• Guest Commentary: Why is Gold More Expensive than Platinum?
• Central Bank Interest Rate Outlook - January 2012
• Guest Commentary: MarketVisionTV - The $CAD ’Sentiment’ or ’SHAFT’ Triangle
• Euro Clears Resistance Amid Increased Optimism, Sterling Lags Behind
• Australian Dollar, Gold Rally as Fed’s Policy Stokes Risk-Appetite
• Euro Debt Crisis Must Get Worse for US Dollar to Regain Momentum

FOREX: Yen Outperforms as Traders Look Past US GDP to EU Summit Posted: 27 Jan 2012 12:19 AM PST The Yen is poised to extend overnight gains as markets look past the limited implications of the US GDP report to focus on the upcoming EU leaders’ summit.

Currency Overview, Reflection and Outlook for Major Currencies Posted: 26 Jan 2012 11:09 PM PST The gains in the currency market over the past few weeks have been impressive, but ultimately they are still classified as corrective and the US Dollar will once again emerge…

Dollar: Risk Rally May be Fatigued but GDP Expectations Restrained Posted: 26 Jan 2012 07:09 PM PST Did the Fed meet the market’s expectations for greater accommodation? A forecast of virtually-zero interest rates through the end of 2014 does not have the same level of amperage that a wholesale asset purchasing program (long ago given the moniker ‘QE3’) would. The masses seem to be slowly coming to terms with the reality that perhaps the Fed short of expectations in its ‘hand-sitting’ approach.

US Dollar Losses to Ease as Fed Euphoria Fades- GDP on Tap Posted: 26 Jan 2012 02:33 PM PST The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) was modestly weaker at the close of trade with the index now posting losses on 8 of the past 9 sessions. Where’s the bottom? Here are the key levels to watch heading into the close of the week.

EUR/USD: Trading the Advance U.S. GDP Report Posted: 26 Jan 2012 01:00 PM PST The world’s largest economy is expected to expand at a faster pace in the fourth quarter and the GDP report may increase the appeal of the USD as the development dampens the scope for additional monetary easing.

U.S. Dollar Index Holds Trendline Support, Aussie Overbought Posted: 26 Jan 2012 09:20 AM PST The greenback continued to selloff on Thursday, with the Dow Jones-FXCM U.S. Dollar Index slipping to a fresh monthly low of 9,781, but the reserve currency appears to be regaining its footing during the North American trade as risk sentiment tapers off.

Guest Commentary: Why is Gold More Expensive than Platinum? Posted: 26 Jan 2012 09:02 AM PST In recent months there has been a near paradigm shift in the precious metals market that goes against basic market analysis of supply and demand.

Central Bank Interest Rate Outlook - January 2012 Posted: 26 Jan 2012 08:32 AM PST Recent central bank rate decision meetings highlighted the focus on economic growth and inflation targets, as the sovereign debt crisis in Europe continues to pose significant downside risks to global economies.

Guest Commentary: MarketVisionTV - The $CAD ’Sentiment’ or ’SHAFT’ Triangle Posted: 26 Jan 2012 07:46 AM PST The Dollar remains within a correction to the major reversal from 94.05. Most likely a triangle that should ideally hold the 98.90 support until an eventual break up to and beyond the 1.0850 high. The question is timing and levels.

Euro Clears Resistance Amid Increased Optimism, Sterling Lags Behind Posted: 26 Jan 2012 06:55 AM PST Market sentiment continued to pick up on Thursday amid the FOMC’s pledge to retain a zero interest rate policy well into 2014, but the rise in risk-taking behavior may be short-lived as the sovereign debt crisis comes back into focus.

Australian Dollar, Gold Rally as Fed’s Policy Stokes Risk-Appetite Posted: 26 Jan 2012 06:49 AM PST Higher yielding currencies, risk-correlated assets, and precious metals are all up big on the day as the Federal Reserve’s ultra-dovish monetary policy outlook has destroyed the U.S. Dollar.

Euro Debt Crisis Must Get Worse for US Dollar to Regain Momentum Posted: 26 Jan 2012 01:45 AM PST The US Dollar needs a turn for the worse in Europe to spark risk aversion for another major push higher as the Federal Reserve turns even more dovish.

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