DailyFX - Forex Market News

Forex Trading Weekly Forecast - 02.13.2012

Sat, 11 Feb 2012 06:24:00 GMT

Euro Traders’ Patience Running Thin for Broken Greek Promises

John Kicklighter, Currency Strategist — Sat, 11 Feb 2012 06:19:00 GMT

Dollar Enjoys its Biggest Rally in Five Weeks, What Lies Ahead?

John Kicklighter, Currency Strategist — Sat, 11 Feb 2012 05:08:00 GMT

When we have the S&P 500 puts in for its largest decline this year and the dollar subsequently wins its biggest daily rally since January 5th, we have to consider something bigger is afoot.

British Pound Vulnerable as Data Bolsters Case for QE Expansion

Ilya Spivak, Currency Strategist — Sat, 11 Feb 2012 02:51:00 GMT

US Dollar Surges into Close – Start of a New Uptrend?

David Rodriguez, Quantitative Strategist — Sat, 11 Feb 2012 01:29:00 GMT

Japanese Yen at Turning Point with Poor GDP Data Due

Christopher Vecchio, Currency Analyst — Sat, 11 Feb 2012 01:26:00 GMT

Gold Bears Awaken as EU Debt Crisis Approaches Critical Juncture

Michael Boutros, Currency Strategist — Sat, 11 Feb 2012 01:25:00 GMT

Aussie Heads Down Under as Chinese Data, Risk Trends Break Down

Christopher Vecchio, Currency Analyst — Sat, 11 Feb 2012 01:23:00 GMT

Long Live the Dollar! Break of Key RSI Trendline Sends Index Soaring

Michael Boutros, Currency Strategist — Fri, 10 Feb 2012 19:38:00 GMT

The Dow Jones FXCM Dollar Index posted its largest daily advance since early January as stalled Greek debt-talks and weak economic data fueled classic haven flows into the reserve currency. Here are the key levels to watch heading into next week.

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

David Song, Currency AnalystMichael Boutros, Currency Strategist — Fri, 10 Feb 2012 18:35:00 GMT

Consumer prices in the U.K. are expected to expand at a slower pace in January, and a softer rate of inflation could drag on the exchange rate as market participants see the Bank of England taking additional steps to shore up the ailing economy.

Is the Eurozone Debt Crisis Good or Bad for Gold Prices?

Ilya Spivak, Currency StrategistJamie Saettele, CMT, Sr. Technical Strategist — Fri, 10 Feb 2012 17:23:00 GMT

Our Gold Forecast for the first half of 2012 looks at the many factors affecting this market and is cautiously bearish.

Guest Commentary: Gold & Silver Daily Outlook 02.10.2012

Lior Cohen, Energy Analyst for Trading NRG, — Fri, 10 Feb 2012 15:23:00 GMT

Precious metals continue to zigzag with no clear trend as they have rallied yesterday from Wednesday's falls. The news from Greece of approving the recent austerity plan didn't impress traders as the Euro only slightly rose on Thursday.

Australian Dollar, Euro Tank as Greek Deal Falls Apart

Christopher Vecchio, Currency Analyst — Fri, 10 Feb 2012 14:10:00 GMT

The Japanese Yen and the U.S. Dollar outpaced the commodity and European currencies as poor Chinese trade data and another impasse in the Greek bailout negotiations emerged in the overnight.

Crude Oil, Metals Sink as US Dollar Recovers Amid Risk Aversion

Ilya Spivak, Currency Strategist — Fri, 10 Feb 2012 09:55:00 GMT

Commodity prices are under pressure into the end of the trading week as a return of risk aversion weighs on growth-linked assets and boosts the US Dollar.

2012 Forecast: US Dollar to Rally in First Half, Only to Fade Again

Fri, 10 Feb 2012 09:00:00 GMT

We look for a strong US Dollar rally in early 2012 triggered by some key events. Learn what to watch for in our six month forecast.

US Dollar Aims for Broad-Based Recovery in the Week Ahead

Ilya Spivak, Currency Strategist — Fri, 10 Feb 2012 07:07:00 GMT

The US Dollar is poised to rise against most of the major currencies as Greece-linked volatility give way to worries about a slowdown in global economic growth.

Commodity Bloc Currencies Showing Signs of Relative Weakness

Joel Kruger, Technical Strategist — Fri, 10 Feb 2012 07:03:00 GMT

Market participants have been very reluctant to fade strength in the commodity currencies over the past several years but there are signs emerging of a sentiment shift…

Euro Retreats as Greece Fears Return, Aussie Dollar Sold on Rates View

Ilya Spivak, Currency Strategist — Fri, 10 Feb 2012 06:52:00 GMT

The Euro retreated from a two-month high as EU officials withheld Greek bailout funds while the Aussie Dollar fell as growth worries stoked rate cut bets.

Dollar on the Verge of a Bullish Reversal, Needs Risk’s Approval

John Kicklighter, Currency Strategist — Fri, 10 Feb 2012 04:30:00 GMT

Looking across the capital markets, we find the S&P 500, the Euro and carry interest losing momentum under fading participation and on the verge of a trend change. When these different markets line up to the same shift, we are witnessing an attempt to reverse investor sentiment itself. And, we know where the safe haven dollar fits into the risk appetite conversation.

USD Index Posts First 2-Day Advance in More than a Month- Yen Heavy

Michael Boutros, Currency Strategist — Thu, 09 Feb 2012 22:13:00 GMT

The dollar continued to build on yesterday’s advance with the greenback breaking back above the 200-day moving average as the yen propped up the index. But will it last?

USD Index Continues To Carve Base, Japanese Yen Lags Behind

David Song, Currency Analyst — Thu, 09 Feb 2012 18:10:00 GMT

The greenback bounced back on Thursday, with the Dow Jones-FXCM U.S. Dollar Index advancing to a high of 9,735, and the reserve currency looks poised to trade higher over the remainder of the week as risk sentiment falters.

Guest Commentary: MarketVisionTV - Intervention Style EURJPY Rally Promises Real Volatility

@EdMatts on www.MarketVisionTV.com, — Thu, 09 Feb 2012 16:35:00 GMT

Euro Yen is threatening real volatility as having recovered well from 99.25 the 50-61.8% retracement, the recent break of 102.20 maintains the window for an early intervention style C leg that ironically will prove to be bearish (as they have previously).

Guest Commentary: Can We Predict Price of Gold via the U.S. Money Base?

Lior Cohen, Energy Analyst for Trading NRG, — Thu, 09 Feb 2012 16:27:00 GMT

I have already referred to the relation between the expansion of U.S. Monetary base and the development of gold. As the U.S. Monetary base expands, the price of gold tends to increase as well.Can we use this relation to learn more on the future development of gold price?

Euro Optimism Resurfaces, Sterling Propped Up By Less Dovish BoE

David Song, Currency Analyst — Thu, 09 Feb 2012 15:45:00 GMT

Risk appetite picked up on Thursday as Greece increased its effort to secure a second bailout package, and the developments coming out of the euro-area may continue to prop up market sentiment as European policy makers strike to avoid a default.

Euro Up Slightly on Greek Deal; ECB Press Conference Offers Little Clarity

Christopher Vecchio, Currency Analyst — Thu, 09 Feb 2012 15:05:00 GMT

The Euro rallied briefly as Greek politicians agreed to sweeping reforms that will undoubtedly fail to bring across the economic change the European Troika is seeking. Elsewhere, as Euro-zone finance minister convened in Brussels, the European Central Bank held rates steady and announced no new monetary policy measures.