DailyFX - Forex Market News

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• Commodities Sold as Eurozone PMIs Darken Global Growth Outlook
• Euro at Risk on Soft PMIs, Spanish Bank Audit Results and Bond Sale
• Investors Still Pricing Out Worst Case Scenarios; Bodes Well for Risk
• Dollar and Risk Slow to React to Fed Decision but Implication Clear
• USD Index Finds Solace as Bernanke Signals No QE- Is It Time to Buy?
• FOMC Will Not Implement QE3, but Other Forms of Easing Possible
• Guest Commentary: Gold & Silver - Daily Outlook June 20
• Guest Commentary: How Long Will We Stay Long EURUSD after FOMC?
• Gold, Japanese Yen Fall While US Dollar Stabilizes Ahead of FOMC
• EURUSD: Trading the FOMC Interest Rate Decision
• Crude Oil, Gold at Risk as Federal Reserve Disappoints Stimulus Hopes

Commodities Sold as Eurozone PMIs Darken Global Growth Outlook Posted: 21 Jun 2012 01:44 AM PDT Commodities fell after Eurozone PMI data pointed to deepening recession, amplifying global economic slowdown fears. S&P 500 futures point to more of the same ahead.

Euro at Risk on Soft PMIs, Spanish Bank Audit Results and Bond Sale Posted: 20 Jun 2012 11:09 PM PDT The Euro appears vulnerable as June’s PMIs point to deepening recession while Spain’s bank audit results and bond auction threaten to rekindle debt crisis jitters.

Investors Still Pricing Out Worst Case Scenarios; Bodes Well for Risk Posted: 20 Jun 2012 10:30 PM PDT Although we are not advocating an overly aggressive risk-on stance, we still see potential for additional short-term upside in risk correlated markets...

Dollar and Risk Slow to React to Fed Decision but Implication Clear Posted: 20 Jun 2012 10:29 PM PDT All the pieces were there for the Fed rate decision to fully disappoint trumped up risk appetite expectations and thereby open the door to a significant change in June’s prevailing drive. However, while the policy decision helps define our fundamental bearing, it doesn’t seem to be our catalyst for change.

USD Index Finds Solace as Bernanke Signals No QE- Is It Time to Buy? Posted: 20 Jun 2012 03:15 PM PDT The dollar is firmer after Bernanke signaled no immediate plans for QE3- But is this enough to offer support for the battered dollar which is on track to post its worst month since January? Here are the key levels in play heading into Asia Pacific trade.

FOMC Will Not Implement QE3, but Other Forms of Easing Possible Posted: 20 Jun 2012 08:50 AM PDT Markets now look towards the biggest event risk on the docket this week, with the Federal Open Market Committee meeting culminating in the quarterly press conference this afternoon. Will the Fed implement QE3? We think not.

Guest Commentary: Gold & Silver - Daily Outlook June 20 Posted: 20 Jun 2012 07:45 AM PDT Gold and silver continue to dwindle as both metals edged down for the second consecutive day.

Guest Commentary: How Long Will We Stay Long EURUSD after FOMC? Posted: 20 Jun 2012 07:35 AM PDT The Euro has rallied well to maintain our bullish view of a larger corrective rally.

Gold, Japanese Yen Fall While US Dollar Stabilizes Ahead of FOMC Posted: 20 Jun 2012 06:42 AM PDT Are Gold and the Japanese Yen today’s canaries in the coal mine ahead of the Federal Reserve rate decision? While US Dollar has been mostly steady on Wednesday, the alternative safe havens have been sold off throughout the overnight, suggesting that traders are less hopeful for QE3.

EURUSD: Trading the FOMC Interest Rate Decision Posted: 20 Jun 2012 06:07 AM PDT All eyes are on Bernanke today as market participants look to the Fed to ascertain the likelihood of further easing from the central bank amid the ongoing crisis in Europe and slowing domestic data.

Crude Oil, Gold at Risk as Federal Reserve Disappoints Stimulus Hopes Posted: 20 Jun 2012 01:54 AM PDT Crude oil and gold prices are likely to fall as the Federal Reserve disappoints hopes for an expansion of stimulus measures with today’s monetary policy announcement.

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