DailyFX - Forex Market News

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• Crude Oil at Risk but Gold Well-Supported Before Key Greek Election
• Franc May Fall if SNB Steps Up Dovish Rhetoric on Greek Election Risk
• EURUSD: Trading the U.S. Consumer Price Report
• Euro Outlook Still Constructive Despite Contrasting Fundamentals
• Dollar Rejects Another Dangerous Reversal Test
• USD Index Rebounds on Spanish Downgrades- Interim Gains to be Limited
• NZDUSD: Trading the Reserve Bank of New Zealand Rate Decision
• USD Coming Up Against Key Support, EUR Relief Rally To Mark Lower Top
• Euro Outlook Remains Bearish On Further ECB Support, Pending Bailouts
• Japanese Yen Leads as Significant Event Risk Approaches - Watch Crude
• Guest Commentary: Gold & Silver Daily Outlook 06.13.2012
• Commodities May Fall as US Retail Sales Spark Risk Aversion
• Euro Not Going to Fall Off A Cliff Just Yet; Risks for Push Towards 1.3000
• Dollar May Rise as US Retail Sales Drop Triggers Risk Aversion

Crude Oil at Risk but Gold Well-Supported Before Key Greek Election Posted: 14 Jun 2012 01:51 AM PDT Crude oil looks vulnerable to a flare-up of risk aversion but gold prices are likely to remain supported head of the weekend’s key Greek election outcome.

Franc May Fall if SNB Steps Up Dovish Rhetoric on Greek Election Risk Posted: 13 Jun 2012 11:05 PM PDT The Swiss Franc may decline if the SNB steps up dovish rhetoric in a bid to preemptively scare off buyers ahead of the weekend’s Greek election outcome.

EURUSD: Trading the U.S. Consumer Price Report Posted: 13 Jun 2012 11:00 PM PDT Consumer Prices in the U.S. are anticipated to grow at the slowest pace since January 2011, and the weakening outlook for inflation may drag on the dollar as it raises the scope for more easing.

Euro Outlook Still Constructive Despite Contrasting Fundamentals Posted: 13 Jun 2012 10:30 PM PDT While many fear a fresh wave of Euro liquidation as the Greek election nears, the technical picture is telling a different story...

Dollar Rejects Another Dangerous Reversal Test Posted: 13 Jun 2012 10:27 PM PDT The dance continues. The Dow Jones FXCM Dollar Index made another attempt to crack 10,150 and spark a true technical reversal.

USD Index Rebounds on Spanish Downgrades- Interim Gains to be Limited Posted: 13 Jun 2012 02:45 PM PDT The Dow Jones FXCM Dollar Index reversed course ahead of key support after another bout of sovereign downgrades weighed on sentiment. Here are the levels to watch for heading into Asia Pacific trade.

NZDUSD: Trading the Reserve Bank of New Zealand Rate Decision Posted: 13 Jun 2012 10:20 AM PDT Although the Reserve Bank of New Zealand is widely expected to maintain its current policy in June, the statement accompanying the decision is likely to move the NZDUSD as market participants weigh the outlook for the region.

USD Coming Up Against Key Support, EUR Relief Rally To Mark Lower Top Posted: 13 Jun 2012 09:00 AM PDT The greenback tracked lower on Wednesday, with the Dow Jones-FXCM U.S. Dollar Index tagging a low of 10,142, and the reserve currency may continue give back the rally from earlier this week as European policy makers increase their efforts to restore investor confidence.

Euro Outlook Remains Bearish On Further ECB Support, Pending Bailouts Posted: 13 Jun 2012 07:10 AM PDT Market sentiment firmed up on Wednesday amid speculation that the European Central Bank will take additional steps to tackle the debt crisis, but heightening finance costs across the periphery countries may continue to sap risk-taking behavior as it raises the threat for contagion.

Japanese Yen Leads as Significant Event Risk Approaches - Watch Crude Posted: 13 Jun 2012 07:09 AM PDT The Japanese Yen has emerged as the top performer on Wednesday amid disappointing US data and a tumultuous event docket in the coming days. In light of the expected outcomes, the Yen’s performance as well as Crude Oil’s is perhaps a canary in the coalmine – but this bird is not signing a sweet tune.

Guest Commentary: Gold & Silver Daily Outlook 06.13.2012 Posted: 13 Jun 2012 06:11 AM PDT Precious metals prices rose for the second consecutive day. Today there are a couple of bond auctions that will take place including Germany and U.S. Italy will also sell bonds later this week (will seek at least €9.5 billion).

Commodities May Fall as US Retail Sales Spark Risk Aversion Posted: 13 Jun 2012 02:00 AM PDT Commodity prices may fall as a drop in US Retail Sales triggers an eruption of brewing risk aversion ahead of the weekend’s ominous Greek election.

Euro Not Going to Fall Off A Cliff Just Yet; Risks for Push Towards 1.3000 Posted: 12 Jun 2012 10:45 PM PDT Although we retain a broader underlying bearish outlook on the Euro and risk correlated assets, we still see room for additional upside in these markets...

Dollar May Rise as US Retail Sales Drop Triggers Risk Aversion Posted: 12 Jun 2012 10:20 PM PDT The US Dollar may rise as a drop in US Retail Sales triggers an eruption of brewing risk aversion ahead of the weekend’s ominous Greek election.

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