Forex Market News

Dollar at Risk of Fresh Plunge as Dow Moves to Test Multi-Year Highs

Sat Feb 04 03:34:00 GMT 2012 | By John Kicklighter Currency Strategist
Though the dollar ended Friday in the red, its performance was too bad. A sharp correction of intraday gains for the Dow Jones FXCM Dollar Index would leave the benchmark in the red, but it nevertheless ended well off the week’s lows.


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Daily Briefings
Currency Analyst David Song
Currency Analyst
David Song

U.S. Dollar Reversal Underway, Euro Eyes 23.6% Fib

The better-than-expected Non-Farm Payrolls report propped up the U.S. dollar on Friday, and the reserve currency may continue to recoup the losses from the previous month as the ...

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Commodities
Currency Strategist Ilya Spivak
Currency Strategist
Ilya Spivak

Crude Oil, Metals Likely to Rise if US Jobs Data Stokes QE3 Bets

Crude oil, copper and precious metals prices are likely to rise if a slowdown in US job creation stokes expectations of the near-term arrival of new Fed stimulus.

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Trading the News

EUR/USD: Trading the U.S. Non-Farm Payrolls Report

The world’s largest economy is expected to add another 145K jobs in January, and the ongoing improvement in the labor market may prop up the U.S. dollar as it dampens specul...

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Key Forex Events This Week

With Downgrades in Rear View Mirror, Markets Eye Chinese GDP

Mon Jan 16 08:00:00 GMT 2012
Christopher Vecchio Currency Analyst

Market participants have digested the ratings downgrades with relative ease thus far, though not much of a reaction was expected in illiquid conditions ahead of a Federal Holiday...

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Latest Market Strategy

Guest Commentary: Gold & Silver Daily Outlook 02.03.2012

Gold and silver continued their upward trend of recent weeks as they have slightly advanced again during yesterday's trading. This rally might change direction, depending on the ...

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Economic Calendar

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Currency Central Bank Rate Overnight Rate
audaud 4.25% 4.42%
nzdnzd 2.50% 2.63%
eureur 1.00% 0.28%
cadcad 1.00% 1.02%
gbpgbp 0.50% 0.57%
usdusd 0.25% 0.14%
chfchf 0.00% 0.04%
jpyjpy 0.10% 0.11%
Symbol Roll S Roll B
EUR/USD -0.01 -0.01
USD/JPY -0.04 0.0
GBP/USD -0.2 0.08
USD/CHF -0.12 0.03
EUR/CHF -0.16 0.04
AUD/USD -1.65 0.79
USD/CAD 0.14 -0.31
NZD/USD 0.0 0.0
EUR/GBP 0.07 -0.17
EUR/JPY -0.1 0.03
GBP/JPY -0.26 0.11
CHF/JPY 0.01 -0.12
Rates shown are the expected rolls in USD for holding one 10k lot today on a typical FXCM Standard account.