DailyFX - Forex Market News

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• Euro Looking to German ZEW and G20 Chatter for Guidance
• Risk Correlated Assets Still Supported Despite Market Tensions
• Dollar Suffers Little Risk, Euro-Demand Post Greek Election
• USD Index Holds its Ground Ahead of FOMC- 10,050 Key Daily Support
• Euro May Decline, but Caution Urged on Difficult Forex Conditions
• Europe Steps Away from the Edge; Will FOMC Ease Anyway?
• EURUSD Falls Back Below 1.26 as Spanish Yields Soar
• Guest Commentary: Gold & Silver Weekly Outlook for June 18-22

Euro Looking to German ZEW and G20 Chatter for Guidance Posted: 19 Jun 2012 12:05 AM PDT The Euro may come under increasing pressure as a slump in investor confidence stokes recession fears and ECB rate cut bets. The ongoing G20 summit is a wild card.

Risk Correlated Assets Still Supported Despite Market Tensions Posted: 18 Jun 2012 10:43 PM PDT We continue to remain impressed with the ability of risk correlated assets to remain supported over the past week, even in the face of ongoing uncertainty...

Dollar Suffers Little Risk, Euro-Demand Post Greek Election Posted: 18 Jun 2012 08:58 PM PDT Risk appetite was up on the day and the Euro-area dodged an immediate financial crisis with the Greek vote; and yet, the dollar closed higher Monday. As a safe haven that is particularly sensitive to the level of panic in the system, we would expect the relief to translate into immediate selling pressure.

USD Index Holds its Ground Ahead of FOMC- 10,050 Key Daily Support Posted: 18 Jun 2012 02:00 PM PDT The greenback is modestly firmer at the close of North American trade with the index rebounding off key daily support on the back of the Greek elections. Here are the levels in play heading into Asia Pacific trade.

Euro May Decline, but Caution Urged on Difficult Forex Conditions Posted: 18 Jun 2012 09:15 AM PDT The Euro surged against the US Dollar (ticker: USDOLLAR) on a conservative victory in Greek elections, but a subsequent tumble in Spanish bonds leaves the Euro trading lower and poised for further declines in volatile trading conditions.

Europe Steps Away from the Edge; Will FOMC Ease Anyway? Posted: 18 Jun 2012 09:00 AM PDT Greece’s elections did not yield the doomsday scenario G20 leaders were afraid of, signaling that the coordinated easing package is not on the way. With US economic growth slowing, will the Federal Reserve announce more quantitative easing anyway? We think not – and the US Dollar should benefit immensely.

EURUSD Falls Back Below 1.26 as Spanish Yields Soar Posted: 18 Jun 2012 06:51 AM PDT The Euro traded up to its highest level in over three-weeks against the US Dollar, touching an intraday high of 1.2747 on Monday following the surprisingly positive Greek election results. However, with the Spanish 10-year note yield rising above 7%, the EURUSD has retraced its gains and has fallen back below 1.2600.

Guest Commentary: Gold & Silver Weekly Outlook for June 18-22 Posted: 18 Jun 2012 05:33 AM PDT Last week gold and silver didn't do much; Gold had a steady upward trend; silver increased every day except on Thursday. This upcoming week there are several reports on the agenda that may affect bullion.

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