DailyFX - Forex Market News

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• Crude Oil, Gold May Rise as Markets Settle After Spain Bailout Volatility
• Euro Short-Term Outlook Still Constructive Despite Latest Pullback
• Dollar and Yen at Risk as Sentiment Steadies, Pound May Rise on IP Data
• Is the Market Skeptical of Spain’s Bailout?
• USD Index Reverses as Spanish Euphoria Fades- 10,134 Key Support
• Bank Research Consensus Weekly 06.11.12
• Euro Targets Lows as US Dollar, Volatility Surge Post Spain Bailout
• Central Bank Interest Rate Outlook June 2012
• USD Index Tests October High For Support, JPY Outlook Hinges On BoJ
• Guest Commentary: Gold & Silver Weekly Outlook for June 11-15
• Euro Falters Amid EU Split On Spanish Bailout, Pound Eyes 1.5600
• Euro Relief Rally Fades Rapidly as Questions Linger Over Spanish Bailout
• Commodities Rise on Spain Bank Bailout But Gains May Prove Fleeting

Crude Oil, Gold May Rise as Markets Settle After Spain Bailout Volatility Posted: 11 Jun 2012 11:52 PM PDT Commodity prices may rise as risk sentiment trends return to a neutral setting after yesterday’s seesaw volatility in the wake of Spain’s bank sector bailout.

Euro Short-Term Outlook Still Constructive Despite Latest Pullback Posted: 11 Jun 2012 10:55 PM PDT Although the Euro has been sold aggressively from its early Monday peak, we still see risks for additional upside over the short-term...

Dollar and Yen at Risk as Sentiment Steadies, Pound May Rise on IP Data Posted: 11 Jun 2012 10:13 PM PDT The US Dollar and Japanese Yen may decline as risk appetite trends find interim support. The British Pound may rise on April’s Industrial Production data.

Is the Market Skeptical of Spain’s Bailout? Posted: 11 Jun 2012 08:50 PM PDT Back in May of 2010, European policy officials had believed that a Greek bailout would prevent further crisis from spreading to the rest of the region. Fast forward to today, in the wake of the fourth country rescue, the market doesn’t even pause to establish the merits of the effort.

USD Index Reverses as Spanish Euphoria Fades- 10,134 Key Support Posted: 11 Jun 2012 02:40 PM PDT The Dow Jones FXCM Dollar Index reversed course ahead of key support as a relief rally on a bailout of Spain’s banking system quickly faded. Here are the levels to watch for heading into Asia Pacific trade.

Bank Research Consensus Weekly 06.11.12 Posted: 11 Jun 2012 10:45 AM PDT Since the Greek elections on 2 May the euro has been under a severe pressure against the US dollar and EUR/USD has in May fallen from above 1.32 to currently 1.25. The main reasons are obviously the risk of a Greek default or that the country decides to leave the euro. We think that things could get much worse before they get better and we see further near-term downside risk to EUR/USD, EUR/GBP and EUR/JPY. Morten Helt, Senior Analyst, Danske Bank

Euro Targets Lows as US Dollar, Volatility Surge Post Spain Bailout Posted: 11 Jun 2012 09:05 AM PDT The Euro rallied sharply against the US Dollar (ticker: USDOLLAR) on the announcement of a bailout for Spain, but the swift reversal emphasizes that risks remain for EURUSD losses and we favor volatility-friendly trading strategies.

Central Bank Interest Rate Outlook June 2012 Posted: 11 Jun 2012 09:03 AM PDT Recent central bank rate decision meetings highlighted the focus on economic growth and inflation targets, as the sovereign debt crisis in Europe poses increased downside risks to global economies and heightened uncertainty.

USD Index Tests October High For Support, JPY Outlook Hinges On BoJ Posted: 11 Jun 2012 08:50 AM PDT The greenback is tracking higher during the North American trade, with the Dow Jones-FXCM U.S. Dollar Index bouncing back from a low of 10,146, and the reserve currency may appreciate further over the next 24-hours of trading as the uncertainties surrounding Spain’s EUR 100B bailout package drags on market sentiment.

Guest Commentary: Gold & Silver Weekly Outlook for June 11-15 Posted: 11 Jun 2012 06:46 AM PDT Last week gold and silver started off the week with little movement, but by Thursday both precious metals tumbled down after the testimony of Bernanke didn’t deliver in relaying whether another QE program might be issued in the near future.

Euro Falters Amid EU Split On Spanish Bailout, Pound Eyes 1.5600 Posted: 11 Jun 2012 06:35 AM PDT The initial reaction to Spain’s bailout was short-lived, with the EURUSD giving back the overnight advance to 1.2667, and the heightening threat for contagion casts a bearish outlook for the pair as European policy makers struggle to restore investor confidence.

Euro Relief Rally Fades Rapidly as Questions Linger Over Spanish Bailout Posted: 11 Jun 2012 06:25 AM PDT Investors hate uncertainty. So after Spain asked the European Union for €100 billion to bailout its ailing banking system, and risk-correlated assets such as the Euro and S&P 500 Futures gapped much higher to start the week. Now, as market participants digest the headlines, the bailout seems less sanguine.

Commodities Rise on Spain Bank Bailout But Gains May Prove Fleeting Posted: 11 Jun 2012 02:00 AM PDT Commodity prices are on the upswing after Spain secured a bailout to recapitalize its banking sector but Greece’s upcoming election may undo risk appetite.

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