DailyFX - Forex Market News

Crude Oil, Gold Look to Fed-Speak for Direction Cues

Ilya Spivak, Currency Strategist — Tue, 21 May 2013 11:08:00 GMT

Commodity prices look to commentary from Fed Presidents Bullard and Dudley to shape QE progression expectations and offer direction cues.

Lower Inflation Makes Way for a More Dovish BoE, Pound Declines

Benjamin Spier, — Tue, 21 May 2013 09:16:00 GMT

Inflation fell to a seven month low of 2.4% in April; BoE expects a peak of 3.1% inflation this year…

British Pound May Weaken as Soft CPI Drives Dovish BOE Bets

Ilya Spivak, Currency Strategist — Tue, 21 May 2013 06:40:00 GMT

The British Pound may fall as CPI inflation hits a seven-month low, driving expectations of an expanded BOE stimulus effort on the horizon.

GBP/USD- Trading the U.K. Consumer Price Report

David Song, Currency Analyst — Tue, 21 May 2013 03:00:00 GMT

The British Pound may struggle to hold its ground ahead of the Bank of England (BoE) Minutes should we see a marked slowdown in U.K. inflation.

Dollar Retreats Before Key Fed Officials Weigh In on QE3

John Kicklighter, Chief Currency Strategist — Tue, 21 May 2013 01:20:00 GMT

Having charged forward under one of the strongest two-week advances in nearly 18-months, the Dow Jones FXCM Dollar Index (ticker = USDollar) was in for a breather.

Scalping the USDCHF Correction- Buying Dips Above 0.9540

Michael Boutros, Currency Strategist — Mon, 20 May 2013 19:44:00 GMT

As the USDCHF rebounds off the key resistance range between 9720 & 9750, we anticipate pullbacks to offer favorable entries as the broader outlook remains constructive.

USD Downside Limited by Fed Policy- JPY to Mark Fresh Lows

David Song, Currency Analyst — Mon, 20 May 2013 15:45:00 GMT

The Dow Jones-FXCM U.S. Dollar index pared the advance from earlier this month, but the greenback should continue to benefit from the shift in the policy outlook.

US Dollar Breaks Out - Here’s How We Like Playing It

David Rodriguez, Quantitative Strategist — Mon, 20 May 2013 14:00:00 GMT

The US Dollar surge seems like the beginning of a much larger move, and our volatility-friendly and trend-following trading strategies look attractive in the week ahead.

Euro May Fail to Benefit from EU Meeting- Pound to Rally

David Song, Currency Analyst — Mon, 20 May 2013 12:55:00 GMT

The rebound in the EURUSD may be short-lived as European policy makers preserve a reactionary approach in addressing the risks surrounding the euro-area.

US Dollar Unwinds a Bit of Last Week’s Gains

Benjamin Spier, — Mon, 20 May 2013 09:04:00 GMT

EUROPEAN SESSION UPDATE: Yen finds temporary weakness on an Economy Minister warning; few economic releases….

Dollar Posts Second 1.5% Weekly Rally in 17 Months, QE3 In Focus

John Kicklighter, Chief Currency Strategist — Sat, 18 May 2013 06:16:00 GMT

The dollar’s performance these past two weeks has been extraordinary. And, unlike the risks that loom over the S&P 500 and yen crosses should sentiment sour; the greenback would only do better if the market’s fears are realized.

EUR/USD Rebound Could Materialize as May PMIs Seek Lift

Christopher Vecchio, Currency Analyst — Sat, 18 May 2013 04:25:00 GMT

The Euro gained across the board this week, except against the strengthening US Dollar.

Weekly Forex Trading Forecast: Will Risk Trends or QE3 Take the FX Reins?

Sat, 18 May 2013 01:02:00 GMT

Both the S&P 500 and US Dollar continue to soar to new heights - bucking traditional risk appetite currents. Will the yield chase maintain this unusual mix or will sentiment finally shock the markets back in line?

Dollar Posts Biggest Surge in 18 Months on the Way to 3 Year Highs

John Kicklighter, Chief Currency Strategist — Sat, 18 May 2013 00:51:00 GMT

The dollar has exploded higher. Since overtaking the 10,600-mark – the midpoint of the past decade’s range – the Dow Jones FXCM Dollar Index (ticker = USDollar) has posted its biggest two-week rally since November 2011.

Japanese Yen Bounce Almost Guaranteed, but at ¥103 or ¥110?

David Rodriguez, Quantitative Strategist — Fri, 17 May 2013 22:00:00 GMT

A Japanese Yen bounce looks almost guaranteed on crystal-clear signs of a sentiment extreme. But timing is the only thing that matters in trading—does that happen at ¥103 or ¥110?

The Dollars Surging, but Why Might it Rally Even Further?

David Rodriguez, Quantitative Strategist — Fri, 17 May 2013 21:00:00 GMT

The Dollar has surged to its highest since late 2010. There are some big “ifs”, but if things fall into place the USDOLLAR could rocket even higher.

Gold Plummets 6% Ahead of FOMC Minutes Bearish Below $1405

Michael Boutros, Currency Strategist — Fri, 17 May 2013 20:22:00 GMT

Gold remained under substantial pressure this week with the precious metal down nearly 6.4% (its largest decline in four weeks) and further losses are expected as we head into next week.

Sterling Outlook Hinges on BoE Minutes- Higher Low in the Making?

David Song, Currency Analyst — Fri, 17 May 2013 19:55:00 GMT

The British Pound failed to maintain the upward trend from earlier this year, with the GBPUSD slipping to a fresh monthly low of 1.5156, but the sterling may regain its footing in the week ahead should the Bank of England (BoE) Minutes further dampen speculation for more quantitative easing.

USD to Consolidate Ahead of FOMC Minutes- AUD Heavily Oversold

David Song, Currency Analyst — Fri, 17 May 2013 16:00:00 GMT

The Dow Jones-FXCM U.S. Dollar index advanced to a fresh yearly high of 10,816 as the developments coming out of the U.S. economy raised the outlook for growth.

Euro Eyes Fresh 2013 Low on ECB Policy- Pound Rebound on Tap

David Song, Currency Analyst — Fri, 17 May 2013 12:40:00 GMT

The EURUSD remains under pressure on Friday as the European Central Bank (ECB) continued to strike a dovish tone for monetary policy.

Euro Finds Strength Despite Significant Decline in Construction Output

Benjamin Spier, — Fri, 17 May 2013 10:47:00 GMT

EUROPEAN SESSION UPDATE: BoE’s Weale seems to maintain an anti-dovish view in comments about inflation and growth; USD rally continues…

EUR/USD- Trading the U. of Michigan Confidence Survey

David Song, Currency Analyst — Fri, 17 May 2013 08:00:00 GMT

The U.S. dollar may track higher over the next 24-hours of trading as the U. of Michigan survey is expected to show a rebound in household sentiment.

Forex: Dollar Avoids Tumble but Market More Critical of Feds QE3 Talk

John Kicklighter, Chief Currency Strategist — Fri, 17 May 2013 05:07:00 GMT

There was a bevy of Fed speakers this past session, but growing support of ‘tapering’ the central bank’s stimulus program (QE3) didn’t seem to generate much additional strength for the greenback.

U.S. Dollar Volatile But Higher After Weak Offshore Data, Fed Comments

Christopher Almeida, — Fri, 17 May 2013 04:06:00 GMT

The U.S. Dollar had a volatile but strong week, after weak offshore data saw the currency gain as well as comments by the San Francisco Regional President of the Federal Reserve.

USDOLLAR to Search for Support- GBP Rebound to Accelerate

David Song, Currency Analyst — Thu, 16 May 2013 15:20:00 GMT

The Dow Jones-FXCM U.S. Dollar index is struggling to hold its ground as the developments coming out of the U.S. economy dampens the outlook for growth and inflation.