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Wednesday, September 26, 2012

DailyFX - Forex Market News

DailyFX - Forex Market News


Dollar Presses Risk Selloff but EURUSD Still Hesitates Around 1.2900

Posted: 25 Sep 2012 09:29 PM PDT

You would think that the sharpest decline in ‘risk trends’ in three months would warrant a stronger reaction from the standard sentiment lines in the FX market. However, the benchmark dollar is struggling to capitalize on the abrupt decline. With the Dow Jones FXCM Dollar Index second guessing itself below 9,850, we find…

Commodities Look to US Home Sales, German CPI to Drive Risk Trends

Posted: 25 Sep 2012 04:44 PM PDT

Commodities may rise if a pickup in US New Home Sales and/or a soft German CPI reading drive a broad-based recovery in risk appetite trends.

USD Index Maintains Short-Term Trend, AUD Rally At Risk On RBA Policy

Posted: 25 Sep 2012 08:40 AM PDT

The greenback appears to be regaining its footing during the North American trade, with the Dow Jones-FXCM U.S. Dollar Index paring the decline to 9,798, and the reserve currency may continue to consolidate over the next 24-hours of trading as risk sentiment wanes.

Euro Relief Rally Threatened By Greece, Spain- Sterling To Outperform

Posted: 25 Sep 2012 05:55 AM PDT

The Euro is gaining ground ahead of the North American trade as European policy makers increased their pledge to address the debt crisis, but the single currency may face additional headwinds over the near-term amid the heightening threat for a Greek default.

Guest Commentary: Gold & Silver Daily Outlook 09.25.2012

Posted: 25 Sep 2012 05:24 AM PDT

The prices gold and silver declined on the first day of the week along with other commodities and forex rates such as Euro and AUD.

EURUSD: Trading the U.S. Consumer Confidence Report

Posted: 25 Sep 2012 02:00 AM PDT

U.S. consumer sentiment is widely expected to pick up in September and a positive outcome may increase the appeal of the dollar as it dampens the Fed’s scope to expand monetary policy further.
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