DailyFX - Forex Market News

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• Dollar, Yen Aim Higher as Markets Turn Defensive Before Greek Election
• EURUSD: Trading the U.S. Retail Sales Report
• Dollar Retreats on Cue as Volatility Settles Even if Risk Doesn’t
• USD Slips on Risk Rally- Index Remains Supported Above 10,134
• Scalping EURUSD Ahead Of Greek Elections- Range Trades In Play
• Guest Commentary: EURUSD Weekly - Where Are We Going From Here
• USD To Hold Range Ahead Of Greek Elections, AUD Remains At Risk
• Guest Commentary: Gold & Silver Daily Outlook 06.12.2012
• Commodity Currencies Lead as Euro Lags amid Rising Spanish Yields
• Euro Optimism To Fizzle As ECB Talks ZIRP, Sterling Lacks Direction

Dollar, Yen Aim Higher as Markets Turn Defensive Before Greek Election Posted: 13 Jun 2012 03:05 AM PDT The safe-haven US Dollar and Japanese Yen are likely to rebound this week as risk aversion returns in the run-up to Greece’s second attempt at a general election.

EURUSD: Trading the U.S. Retail Sales Report Posted: 12 Jun 2012 11:00 PM PDT U.S. Retail Sales are expected to contract for the first time since May 2011, and a dismal development may weigh on the dollar as it instills a weakened outlook for the world’s largest economy.

Dollar Retreats on Cue as Volatility Settles Even if Risk Doesn’t Posted: 12 Jun 2012 09:01 PM PDT When the capital markets are tumbling and fear of financial seizures hits panicked levels, there is no better currency to jump to than the US dollar. Yet, under most other circumstances, the greenback either struggles to keep pace or is an outright liability.

USD Slips on Risk Rally- Index Remains Supported Above 10,134 Posted: 12 Jun 2012 03:10 PM PDT The Dow Jones FXCM Dollar Index was heavy at the close of US trade as markets took a respite from ongoing European debt concerns. Here are the levels to watch for heading into Asia Pacific trade.

Scalping EURUSD Ahead Of Greek Elections- Range Trades In Play Posted: 12 Jun 2012 01:00 PM PDT As market participants await key elections in Greece this weekend, the euro has remained range bound with the exchange rate holding just above key Fibonacci support. Here are the scalp levels currently in play on the EURUSD.

Guest Commentary: EURUSD Weekly - Where Are We Going From Here Posted: 12 Jun 2012 10:55 AM PDT

USD To Hold Range Ahead Of Greek Elections, AUD Remains At Risk Posted: 12 Jun 2012 08:55 AM PDT The greenback is struggling to hold its ground on Tuesday, with the Dow Jones-FXCM U.S. Dollar Index slipping to a low of 10,182, and the reserve currency may continue to consolidate over the remainder of the week as European policy makers increase their effort to restore investor confidence.

Guest Commentary: Gold & Silver Daily Outlook 06.12.2012 Posted: 12 Jun 2012 07:18 AM PDT Gold and silver started off the week with little movement as both metals shifted from gains to losses throughout the day (Monday) until both metals settled in the green column.

Commodity Currencies Lead as Euro Lags amid Rising Spanish Yields Posted: 12 Jun 2012 07:12 AM PDT The Australian and New Zealand Dollars snapped back from their daily lows set at the start of the Asian session with relative ease last night amid a flurry of hopeful commentary from Euro-zone and Federal Reserve officials. The Euro hasn’t followed though as Spanish yields hit their highest level since November.

Euro Optimism To Fizzle As ECB Talks ZIRP, Sterling Lacks Direction Posted: 12 Jun 2012 06:45 AM PDT Increased efforts to tackle the sovereign debt crisis propped up market sentiment on Tuesday, but the heightening threat for contagion may continue to drag on risk-taking behavior as European policy makers struggle to meet on common ground.

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