DailyFX - Daily Briefings

Aussie and Euro Hit Fresh Lows but Rebound Ahead of Fed Minutes

Christopher Vecchio, Currency Analyst — Wed, 16 May 2012 16:37:00 GMT

Asian market participants dropped higher yielding currencies and risk-correlated assets to their lowest levels in at least four months as Greek concerns continue to weigh on sentiment. However, after the Aussie and the Euro hit fresh May lows against the US Dollar, their courses quickly reversed ahead today’s key release.

Sterling To Consolidate Further On Dovish BoE, Euro Correction On Tap

David Song, Currency Analyst — Wed, 16 May 2012 13:35:00 GMT

The British Pound struggled to hold its ground on Wednesday as the Bank of England struck a dovish tone for monetary policy, and the GBPUSD may continue to consolidate over the remainder of the week as it fails to maintain the upward trend from earlier this year.

Commodities Sold on Greece Woes, May Extend Losses on Fed Minutes

Ilya Spivak, Currency Strategist — Wed, 16 May 2012 11:08:00 GMT

Commodity prices fell in Europe as Greece-linked risk aversion gripped markets. Minutes from the Fed’s April meeting may compound losses as QE3 bets fade.

Pound Eyes BOE Inflation Report, Dollar Looks to Fed to Drive Rally

Ilya Spivak, Currency Strategist — Wed, 16 May 2012 08:23:00 GMT

The safe-haven US Dollar and Japanese Yen may correct lower as a large batch of Eurozone and US economic data threatens to spark profit-taking.

Euro At Risk for Retracement to Yearly Lows But Beware of Oversold Studies

Joel Kruger, Technical Strategist — Wed, 16 May 2012 05:48:00 GMT

Markets remain under intense pressure into Wednesday, although, given how stretched technical studies are looking, we wouldn't be surprised to see a bit of short-term relief....

Dollar Wins its Highest Close Since January 2011, Buckle Up

John Kicklighter, Sr. Currency Strategist — Wed, 16 May 2012 03:12:00 GMT

Considering benchmark pairs like EURUSD and AUDUSD were already forging serious headway in their dollar-bullish trends, it was only a matter of time before the Dow Jones FXCM Dollar Index finally made the mark of real progress.

GBPUSD: Trading the Bank of England Inflation Report

David Song, Currency Analyst — Tue, 15 May 2012 20:50:00 GMT

The Bank of England’s quarter inflation report certainly highlights the biggest event risk for the British Pound, and the central bank’s updated forecast may spark a bullish reaction in the GBPUSD should the group see a greater risk for inflation.

US Dollar Takes Back Overnight Losses as Greece Heads to New Elections

Christopher Vecchio, Currency Analyst — Tue, 15 May 2012 15:28:00 GMT

After selling off to start the week, higher yielding currencies, such as the Australian Dollar, rallied ahead of the US cash equity open as profit taking set in after better than expected European growth data. However, with Greece’s political woes lingering, the EURUSD dropped to its lowest level since January 18.

EUR Tumbles As Greece Fails To Form Government, GBP To Resume Rally

David Song, Currency Analyst — Tue, 15 May 2012 13:40:00 GMT

Market sentiment weakened further on Tuesday as Greece failed to form a coalition government, and the shift away from risk-taking behavior may gather pace during the North American trade as the ongoing turmoil in Europe drags on investor confidence.

Gold, Silver Rise as US Dollar Pulls Back After Eurozone GDP Data

Ilya Spivak, Currency Strategist — Tue, 15 May 2012 10:40:00 GMT

Gold and silver rose as the US Dollar retreated amid recovering risk appetite after a firm set of Eurozone GDP figures. Crude oil and copper have scope to catch up.

EURUSD: Trading the U.S. Consumer Price Report

David Song, Currency Analyst — Tue, 15 May 2012 06:00:00 GMT

Inflation in the world’s largest economy is expected to expand at the slowest pace since February 2011 and easing price pressures could drag on the U.S. dollar as it fuels speculation for additional monetary easing.

Dollar, Yen Vulnerable on Euro Zone and US Economic Data

Ilya Spivak, Currency Strategist — Tue, 15 May 2012 05:55:00 GMT

The safe-haven US Dollar and Japanese Yen may correct lower as a large batch of Eurozone and US economic data threatens to spark profit-taking.

Dollar Closes at a Two Month High, Critical Bull Trend Within Reach

John Kicklighter, Sr. Currency Strategist — Tue, 15 May 2012 03:04:00 GMT

Further progress towards deleveraging risky positions, rising volatility as the trend takes traction and a growing strain of the very framework of global financial markets is suiting the dollar well.

EURUSD Drops to Lowest Level Since Mid-January as Yields Spike

Christopher Vecchio, Currency Analyst — Mon, 14 May 2012 14:09:00 GMT

Fears of a Greek exit are running rampant today, fueled by uncertainty over the political outlook that could result in anti-bailout parties coming to power after the next round of elections. Periphery bond yields have soared as contagion has set it, sending the Euro to its lowest level against the US Dollar since January 18.

EUR Losses To Accelerate On Spain, Greece GBP Outlook Hinges On BoE

David Song, Currency Analyst — Mon, 14 May 2012 13:35:00 GMT

The heightening threaten for contagion paired with the stalemate in Greece continued to sap risk-taking behavior, and the flight to safety may gather pace during the North American trade as European policy makers struggle to restore investor confidence.

Crude Oil, Gold Sink as Euro Crisis Fears Grip Financial Markets

Ilya Spivak, Currency Strategist — Mon, 14 May 2012 09:00:00 GMT

Commodity prices retreated sharply lower as lingering political uncertainty in Greece fueled broad-based risk aversion across the financial markets.

Dollar Aims Higher on Greece Jitters, Eurogroup Meeting on Tap Ahead

Ilya Spivak, Currency Strategist — Mon, 14 May 2012 08:05:00 GMT

The US Dollar hit a two-month high as Greek leaders’ failure to form a government stoked haven demand. A Eurozone finance ministers’ meeting is up ahead.

Dollar: JPMorgan Fiasco Fails to Set Off Crisis, Back to Europe

John Kicklighter, Sr. Currency Strategist — Sat, 12 May 2012 03:16:00 GMT

Any way you cut it, the dollar’s recent performance is impressive. So far this month, the Dow Jones FXCM Dollar Index (ticker = USDollar) has climbed 1.9 percent to its highest weekly close since the middle of December.

Euro Weighed By Spain, Sterling Outlook Hinges On Inflation Report

David Song, Currency Analyst — Fri, 11 May 2012 13:50:00 GMT

The Euro is struggling to hold its ground on Friday as the EU struck a cautious outlook for the region, and the single currency may face additional headwinds in the week ahead as European policy makers struggle to restore investor confidence.

Australian Dollar, Euro Back at Monthly Lows as Dollar Surges

Christopher Vecchio, Currency Analyst — Fri, 11 May 2012 13:44:00 GMT

Despite yesterday’s ever-so-brief rally in the European session, selling fever came back late-Thursday as Euro-zone concerns lingered and news out of J.P. Morgan hampered risk-appetite in early Asia. With growth concerns mounting across the globe, the Australian Dollar and the Euro have been slammed.

Commodities Sold as Risk Appetite Unravels, US Data May Cap Losses

Ilya Spivak, Currency Strategist — Fri, 11 May 2012 08:58:00 GMT

Commodity prices dropped anew as risk aversion gripped financial markets but US economic data on tap ahead may help counter selling pressure.

USDCAD: Trading Canada’s Employment Report

Michael Boutros, Currency StrategistDavid Song, Currency Analyst — Fri, 11 May 2012 08:00:00 GMT

Market participants see Canada’s labor market strengthening further in April and a positive development may spark a reversal in the USDCAD as it fuels speculation for a rate hike.

Currencies Pressured As Risk-Off Headlines Stand Out Across the Globe

Joel Kruger, Technical Strategist — Fri, 11 May 2012 06:57:00 GMT

We have been seeing some concerning headlines from the US, Europe and China over the past 24 hours which ultimately could continue to weigh on markets…

USDCAD: Trading Canada’s Employment Report

Michael Boutros, Currency StrategistDavid Song, Currency Analyst — Fri, 11 May 2012 06:00:00 GMT

Market participants see Canada’s labor market strengthening further in April and a positive development may spark a reversal in the USDCAD as it fuels speculation for a rate hike.

Dollar, Yen Aim Higher as S&P 500 Futures Point to Risk Aversion

Ilya Spivak, Currency Strategist — Fri, 11 May 2012 05:48:00 GMT

The safe-haven US Dollar and Japanese Yen are aiming to extend overnight gains as S&P 500 stock index futures hint continued risk aversion is ahead.

DailyFX - Daily Briefings

Aussie and Euro Hit Fresh Lows but Rebound Ahead of Fed Minutes

Sterling To Consolidate Further On Dovish BoE, Euro Correction On Tap

Commodities Sold on Greece Woes, May Extend Losses on Fed Minutes

Pound Eyes BOE Inflation Report, Dollar Looks to Fed to Drive Rally

Euro At Risk for Retracement to Yearly Lows But Beware of Oversold Studies

Dollar Wins its Highest Close Since January 2011, Buckle Up

GBPUSD: Trading the Bank of England Inflation Report

US Dollar Takes Back Overnight Losses as Greece Heads to New Elections

EUR Tumbles As Greece Fails To Form Government, GBP To Resume Rally

Gold, Silver Rise as US Dollar Pulls Back After Eurozone GDP Data

EURUSD: Trading the U.S. Consumer Price Report

Dollar, Yen Vulnerable on Euro Zone and US Economic Data

Dollar Closes at a Two Month High, Critical Bull Trend Within Reach

EURUSD Drops to Lowest Level Since Mid-January as Yields Spike

EUR Losses To Accelerate On Spain, Greece  GBP Outlook Hinges On BoE

Crude Oil, Gold Sink as Euro Crisis Fears Grip Financial Markets

Dollar Aims Higher on Greece Jitters, Eurogroup Meeting on Tap Ahead

Dollar: JPMorgan Fiasco Fails to Set Off Crisis, Back to Europe

Euro Weighed By Spain, Sterling Outlook Hinges On Inflation Report

Australian Dollar, Euro Back at Monthly Lows as Dollar Surges

Commodities Sold as Risk Appetite Unravels, US Data May Cap Losses

USDCAD: Trading Canada’s Employment Report

Currencies Pressured As Risk-Off Headlines Stand Out Across the Globe

USDCAD: Trading Canada’s Employment Report

Dollar, Yen Aim Higher as S&P 500 Futures Point to Risk Aversion

EUR Losses To Accelerate On Spain, Greece GBP Outlook Hinges On BoE