DailyFX - Forex Market News

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• Guest Commentary: Is Standard and Poor’s a rating or a rumor agency?
• Dollar Advances Despite Risk Aversion, Sign of 1.2920 Break Soon?
• Aussie Sold as RBA Cuts Rates, Euro Inflation Jump May Hurt Sentiment
• Commodities Tread Water in Asia - Where Do We Go From Here?
• AUDUSD: Trading the Reserve Bank of Australia Interest Rate Decision
• USD Consolidates Ahead Of Key Event Risks- AUD To Struggle On RBA
• US Dollar Resilient, but Can it Really Bottom?
• Bank Research Consensus Weekly 10.01.12
• Euro Outlook Weighed By Deepening Recession- Fitch Strikes Down Pound
• Guest Commentary: Gold & Silver Weekly Outlook 10.01.2012

Guest Commentary: Is Standard and Poor’s a rating or a rumor agency? Posted: 01 Oct 2012 11:30 PM PDT As many readers of our blog know, we are not the best friends of the current Swiss National Bank (SNB) policy: we recently published a paper claiming that the SNB will go bankrupt and be bailed out by the tax payer.

Dollar Advances Despite Risk Aversion, Sign of 1.2920 Break Soon? Posted: 01 Oct 2012 11:16 PM PDT Despite a sharp rally from US equities (the S&P 500 briefly overtook 1450 and still managed a 0.3 percent higher on the day), the US dollar found its way to an overall advance on the day. The Dow Jones FXCM Dollar Index (ticker = USDollar) squeaked out a 0.1 percent climb Monday – the five bullish close for the benchmark in the past six trading days.

Aussie Sold as RBA Cuts Rates, Euro Inflation Jump May Hurt Sentiment Posted: 01 Oct 2012 11:05 PM PDT The Australian Dollar fell overnight as the RBA issued an interest rate cut. A jump in Eurozone PPI may dent risk appetite amid waning ECB stimulus hopes.

Commodities Tread Water in Asia - Where Do We Go From Here? Posted: 01 Oct 2012 08:20 PM PDT Commodities consolidated in Asian hours as traders scoured a lackluster set of scheduled event risk for a catalyst to spark directional momentum.

AUDUSD: Trading the Reserve Bank of Australia Interest Rate Decision Posted: 01 Oct 2012 02:00 PM PDT Although market participants see the Reserve Bank of Australia keeping the benchmark interest rate at 3.50%, the central bank may show a greater willingness to ease monetary policy further in an effort to encourage a stronger recovery.

USD Consolidates Ahead Of Key Event Risks- AUD To Struggle On RBA Posted: 01 Oct 2012 08:40 AM PDT The greenback appears to be consolidating during the North American trade, with the Dow Jones-FXCM U.S. Dollar Index paring the decline to 9,844, but the recent weakness in the reserve currency may be short-lived as the fundamental outlook for the world’s largest economy improves.

US Dollar Resilient, but Can it Really Bottom? Posted: 01 Oct 2012 08:00 AM PDT The US Dollar (ticker: USDOLLAR) has set a series of higher lows since the Euro top on 9/17, but do market conditions support calls for further strength?

Bank Research Consensus Weekly 10.01.12 Posted: 01 Oct 2012 06:30 AM PDT When we published FX Trends in August we argued that EUR/USD should see a strong move higher on global policy easing (pencilling in 1.27 in 3M) but also that it was too early to dismiss the underlying euro downtrend that had been running for more than a year. For this downtrend to reverse, we argued, global growth would have to recover and the Fed would have to outperform the ECB in terms of monetary easing. Arne Lohmann Rasmussen, Chief Analyst, Danske Bank

Euro Outlook Weighed By Deepening Recession- Fitch Strikes Down Pound Posted: 01 Oct 2012 05:50 AM PDT The Euro bounced back on Monday to preserve the ascending channel carried over from the end of July, but the single currency may struggle to maintain the bullish trend as the fundamental outlook for the region turns increasingly bleak.

Guest Commentary: Gold & Silver Weekly Outlook 10.01.2012 Posted: 01 Oct 2012 05:14 AM PDT During last week, gold and silver slightly declined as the recent developments in Greece, Spain and Italy that included riots against austerity measures may have pulled down not only bullion rates but also the Euro.

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