DailyFX - Forex Market News

---

• Metals Look to ISM Data for Direction, Crude Oil Diverges on Iran Fears
• Currencies Contemplating Formation of Fresh Lower Tops
• Guest Commentary: Greece - No Austerity for Military - Ranked 9th in Global Militarization Index
• FOREX: US Dollar Aims Higher as Greek PSI Accord Remains Elusive
• Dollar Gains Against Euro but Little Else, Awaiting Equities
• USD Index Closes January Above Key Support- Look Higher in February
• New British Pound Scalp Setup Pending Break Below Channel Support
• Latest European Union Treaty Focuses on Fiscal Compact
• EUR/USD: Trading the U.S. ISM Manufacturing Report
• U.S. Dollar Index Finds Key Support, 50.0% Fib In Sight
• Guest Commentary: Gold & Silver Outlook for February 2012
• Guest Commentary: MarketVisionTV - USDCHF - Will SNB Inspire an Interim Low?
• Kiwi Powers Ahead, Euro Barely Up Amid Swirling Bailout Rumors
• Euro Optimism Fizzles Amid Greek Impasse, Short-Term Reversal Ahead
• Crude Oil, Metals Gain as Risk Appetite Recovers But Rally Vulnerable

Metals Look to ISM Data for Direction, Crude Oil Diverges on Iran Fears Posted: 01 Feb 2012 01:14 AM PST Gold, silver and copper prices are looking to the ISM gauge of US manufacturing activity for direction. Crude oil has decoupled amid uncertainty about Iran.

Currencies Contemplating Formation of Fresh Lower Tops Posted: 31 Jan 2012 10:16 PM PST The currency correction since early 2012 looks like it could be stalling out and Wednesday’s price action could shed further light on the matter…

Guest Commentary: Greece - No Austerity for Military - Ranked 9th in Global Militarization Index Posted: 31 Jan 2012 10:00 PM PST Greece is the epicenter of the European debt crisis and is struggling to balance its budgets, with a fast shrinking economy, rising unemployment and protests.

FOREX: US Dollar Aims Higher as Greek PSI Accord Remains Elusive Posted: 31 Jan 2012 09:56 PM PST The US Dollar is aiming higher as the absence of agreement on private-sector involvement in the second Greek bailout weighs on market-wide risk appetite.

Dollar Gains Against Euro but Little Else, Awaiting Equities Posted: 31 Jan 2012 08:42 PM PST The dollar didn’t show any intrinsic strength through the past session – though neither did it suffer weakness. The euro was lower across the board Tuesday. Selling pressure on a weak day for risk appetite positioning isn’t remarkable, but it is worth noting that the bearish pressure also occurred on a particularly heavy day for ‘promises’.

USD Index Closes January Above Key Support- Look Higher in February Posted: 31 Jan 2012 02:38 PM PST The Dow Jones FXCM Dollar index posted a marginal decline in North American trade but ended the month above key Fibonacci support. Here are the key levels to watch as we head into February.

New British Pound Scalp Setup Pending Break Below Channel Support Posted: 31 Jan 2012 01:06 PM PST The sterling’s recent advance has offered optimal entries for short-scalps as the GBP/USD pair rebounds off key Fibonacci resistance. We now await a break below channel support to press the pair lower. Here are the key levels to watch.

Latest European Union Treaty Focuses on Fiscal Compact Posted: 31 Jan 2012 12:48 PM PST European leaders have agreed on new measures to stem the sovereign debt crisis, easing concerns over the Euro’s fate. But will it last?

EUR/USD: Trading the U.S. ISM Manufacturing Report Posted: 31 Jan 2012 12:30 PM PST Manufacturing in the world’s largest economy is expected to expand at a faster pace in January, and the rise in production may prop up the U.S. dollar as the development highlights an improved outlook for growth.

U.S. Dollar Index Finds Key Support, 50.0% Fib In Sight Posted: 31 Jan 2012 09:00 AM PST The greenback came under pressure on Tuesday, with the Dow Jones-FXCM U.S. Dollar Index slipping to a fresh monthly low of 9,723, but we should see the reserve currency regain its footing over the next 24-hours trading as the rise in risk-taking behavior tapers off.

Guest Commentary: Gold & Silver Outlook for February 2012 Posted: 31 Jan 2012 07:24 AM PST During January, gold demonstrated its strongest performance in a single month since August 2011; for silver it was since July 2011.

Guest Commentary: MarketVisionTV - USDCHF - Will SNB Inspire an Interim Low? Posted: 31 Jan 2012 07:15 AM PST The perspective from the daily analysis remains the same in that we continue to look for an end to the first leg of the major correction in the 90.50 to 91.50 area.

Kiwi Powers Ahead, Euro Barely Up Amid Swirling Bailout Rumors Posted: 31 Jan 2012 06:31 AM PST Agreement on a fiscal accord for the Euro-zone was announced; though with no Greek debt swap deal in place yet, market participants remain cautiously optimistic. Considering the proposed measures do not address any of the current structural issues plaguing the Euro-zone, this is a rally to be sold.

Euro Optimism Fizzles Amid Greek Impasse, Short-Term Reversal Ahead Posted: 31 Jan 2012 06:20 AM PST Increased efforts to address the sovereign debt crisis encouraged risk-taking behavior on Tuesday, but the rebound in market sentiment is likely to be short-lived as the heightening risk of a Greek default bears down on investor confidence.

Crude Oil, Metals Gain as Risk Appetite Recovers But Rally Vulnerable Posted: 31 Jan 2012 01:55 AM PST Crude oil, gold, silver and copper prices are rising as a pick-up in risk appetite weighs on the US Dollar but the move higher doesn’t seem to have staying power.

You are subscribed to email updates from DailyFX - Forex Market News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

.