DailyFX - Forex Market News

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• Dollar and Yen Aim Higher as Bernanke, Spain Rating Cut Hurt Sentiment
• USDCAD: Trading Canada’s Employment Report
• Risk Correlated Assets Expected to Overcome Initial Resistance
• Dollar Steadies as QE3 Hope Checked, Fear Creeps Back In
• USD Declines Halted as Risk Rally Fizzles on Bernanke, QE3 Prospects
• Guest Commentary: RSI Cycles Calling a Bullish USDJPY
• USD Outlook Propped Up By Bernanke, JPY Reversal To Accelerate
• Australian Dollar and British Pound Outperform on PBoC, BoE
• USD Slides Following China Rate Cut, All Eyes On Bernanke Testimony
• Guest Commentary: Gold & Silver Daily Outlook 06.07.2012

Dollar and Yen Aim Higher as Bernanke, Spain Rating Cut Hurt Sentiment Posted: 08 Jun 2012 12:09 AM PDT The US Dollar and Japanese Yen aim to extend gains after Ben Bernanke disappointed QE3 hopes while Fitch cut Spain’s credit rating, sinking risk appetite.

USDCAD: Trading Canada’s Employment Report Posted: 07 Jun 2012 11:00 PM PDT Job growth in Canada is expected to gather pace in May and a pickup in employment may prop up the Canadian dollar as it instills an improved outlook for the region.

Risk Correlated Assets Expected to Overcome Initial Resistance Posted: 07 Jun 2012 10:43 PM PDT The push higher in risk assets has been met with an initial wave of resistance which we contend wil ultimately be defeated...

Dollar Steadies as QE3 Hope Checked, Fear Creeps Back In Posted: 07 Jun 2012 09:11 PM PDT After Wednesday’s sharp drop, it seemed the dollar’s climb had not only stalled but had turned into a clear reversal. Yet, the burden of sustaining a risk appetite run (the greenback’s kryptonite) is an immense one.

USD Declines Halted as Risk Rally Fizzles on Bernanke, QE3 Prospects Posted: 07 Jun 2012 02:53 PM PDT The Dow Jones FXCM Dollar Index posted modest gains today as Fed Chairman Bernanke struck a balanced tone, diminishing expectations for further central bank easing. Here are the levels to watch for heading into Asia Pacific trade.

Guest Commentary: RSI Cycles Calling a Bullish USDJPY Posted: 07 Jun 2012 12:35 PM PDT

USD Outlook Propped Up By Bernanke, JPY Reversal To Accelerate Posted: 07 Jun 2012 09:20 AM PDT The greenback is regaining its footing during the North American trade, with the Dow Jones-FXCM U.S. Dollar Index paring the decline to 10,143, and the reserve currency may continue to gain ground over the next 24-hours of trading as Fed Chairman Ben Bernanke talks down speculation for more monetary easing.

Australian Dollar and British Pound Outperform on PBoC, BoE Posted: 07 Jun 2012 06:58 AM PDT The rally to high beta assets continued throughout the Asian and European sessions, with more strong data out of Australia and a People’s Bank of China rate cut further raising the appeal of the berated Australian Dollar. Meanwhile, the British Pound rebounded after the Bank of England held its policies on hold.

USD Slides Following China Rate Cut, All Eyes On Bernanke Testimony Posted: 07 Jun 2012 06:30 AM PDT The U.S. dollar is struggling to hold its ground on Thursday after China cut its 1-year lending rate by 25bp, and the greenback may continue to lose ground over the next 24-hours of trading should Fed Chairman Ben Bernanke show a greater willingness to ease monetary policy further.

Guest Commentary: Gold & Silver Daily Outlook 06.07.2012 Posted: 07 Jun 2012 05:40 AM PDT Gold and silver sharply increased yesterday along with other commodities and major foreign exchange. On today's agenda: U.S Jobless Claims, BOE will announce its decision on the interest rate, Australian Trade Balance and Swiss National Bank Forex Reserves.

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