DailyFX - Forex Market News

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• Yen Gains on BOJ Policy Hold, Dollar May Rise on Greek Vote Jitters
• Euro: Greek Election Promises Volatility but Not Direction
• Euro and Yen Painting Different Pictures; Best to Stay Sidelined
• Guest Commentary: In a Parallel World, Iceland Hikes Rates to Battle Inflation
• World Leaders Lock and Load Before Greek Election Outcome
• Guest Commentary: AUDUSD - How Will It Get to 0.9163 Target
• USD Tumbles as Intervention Talks Stoke Risk Ahead of Greek Vote
• CAUTION: Greek Elections Could Spur Immense Volatility, Euro Outlook Unclear
• Guest Commentary: How the Euro-Zone Debt Crisis Gets Resolved
• USD Poised For Short-Term Breakout, AUD Weighed By Rate Expectations
• Guest Commentary: Gold & Silver Daily Outlook 06.14.2012
• EURUSD Inches Towards 1.26 Ahead of Critical Weekend
• Euro Carving Top, Relief Rally To Falter As ECB Leans Toward ZIRP

Yen Gains on BOJ Policy Hold, Dollar May Rise on Greek Vote Jitters Posted: 15 Jun 2012 01:05 AM PDT The Japanese Yen rose after the BOJ kept monetary policy on hold. The US Dollar has scope to rebound into the week-end amid Greek election worries.

Euro: Greek Election Promises Volatility but Not Direction Posted: 15 Jun 2012 01:01 AM PDT The Dow Jones FXCM Dollar Index slipped below a well-worn 10,150 support Thursday. There is little chance that the masses missed this blatant technical development given the intense concentration amongst the speculative ranks.

Euro and Yen Painting Different Pictures; Best to Stay Sidelined Posted: 14 Jun 2012 10:13 PM PDT Price action is likely to get rather crazy over the coming sessions as markets position ahead of the weekend event risk and then try to digest the results...

Guest Commentary: In a Parallel World, Iceland Hikes Rates to Battle Inflation Posted: 14 Jun 2012 09:00 PM PDT Many countries in the developed world have very low interest rates for a long time. The US, UK, Japan, Germany and Switzerland also enjoy record low long term yields. However, a country on the edge of Europe, took a different approach in tackling banking issues, and is now raising the rates: Iceland.

World Leaders Lock and Load Before Greek Election Outcome Posted: 14 Jun 2012 07:40 PM PDT Highlights from the flurry of rumors and sound-bites about countries’ and multinational organization’s response to escalation in Eurozone crisis risk.

Guest Commentary: AUDUSD - How Will It Get to 0.9163 Target Posted: 14 Jun 2012 05:00 PM PDT

USD Tumbles as Intervention Talks Stoke Risk Ahead of Greek Vote Posted: 14 Jun 2012 03:14 PM PDT The Dow Jones FXCM Dollar Index remains under pressure after newswires reported that global central banks were in preparation for a coordinated intervention ahead of major event risk this weekend. Here are the levels in play heading into Asia Pacific trade.

CAUTION: Greek Elections Could Spur Immense Volatility, Euro Outlook Unclear Posted: 14 Jun 2012 02:57 PM PDT Greece is headed back to the polls this weekend following the inconclusive results of the May 6 parliamentary elections. Unlike the first elections, the June 17 elections has significant consequences tied to it that will likely result in exceptional market volatility, directly impacting the Euro.

Guest Commentary: How the Euro-Zone Debt Crisis Gets Resolved Posted: 14 Jun 2012 10:25 AM PDT I should begin by stating that I’m not focused on trading the Euro/US dollar exchange rate at this time; from my perspective, their both doomed currencies worth shorting, and so I’m not comfortable taking the long side on either of them. At the moment I favor shorting the US dollar against the Canadian dollar, a trade I’ll discuss in greater detail in future articles.

USD Poised For Short-Term Breakout, AUD Weighed By Rate Expectations Posted: 14 Jun 2012 09:10 AM PDT The greenback remains under pressure on Thursday, with the Dow Jones-FXCM U.S. Dollar Index slipping to a low of 10,143, but the reserve currency appears to be building a short-term base in June as holds above the October high (10,134).

Guest Commentary: Gold & Silver Daily Outlook 06.14.2012 Posted: 14 Jun 2012 08:55 AM PDT Gold and silver didn't do much yesterday as gold price slightly rose and silver edged down. The mixed trend of major currencies during yesterday's trading may have contributed to the mixed trend in the bullion market.

EURUSD Inches Towards 1.26 Ahead of Critical Weekend Posted: 14 Jun 2012 07:43 AM PDT With significant event risk on the docket just around the corner, trading ranges have been tighter and volatility has been muted. However, some commentary at the start of the US cash equity open by a key European policymaker has reignited concerns about the European Central Bank’s role in the crisis.

Euro Carving Top, Relief Rally To Falter As ECB Leans Toward ZIRP Posted: 14 Jun 2012 07:10 AM PDT Market sentiment continued to pick up on Thursday as European policy makers called upon the international community to help tackle the sovereign debt crisis, but the rise in risk-taking behavior is likely to be short-lived as the growing threat for contagion drags on investor confidence.

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