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  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:https://t.co/XrpV0jcy8e https://t.co/g2To3LmUah
  • RT @michaeljburry: Read thread.
  • The Australian Dollar has retraced from August lows when looking at AUD/JPY and AUD/CAD. However, the AUD/NZD downtrend is intact, will a reversal there appear as well? Find out: https://t.co/8LmgqLLGJO https://t.co/AueigVsuk4
  • The S&P 500, Dow Jones and DAX 30 could be at risk of falling as retail traders continue increasing their upside exposure in these indices. What are the key technical levels to watch for? Find out from @ddubrovskyFX here:https://t.co/OJByiwIppr https://t.co/P1iOONG90N
  • The US Dollar continues to hold its ground against most ASEAN currencies as recent downtrends lose momentum. What is the road ahead for USD/SGD, USD/THB, USD/PHP and USD/IDR? Find out from @ddubrovskyFX here:https://t.co/UcleaZEAaW https://t.co/62bGLvt8fE
  • The Canadian Dollar has been caught in broad ranges against the Euro and the US Dollar, but can the upside bias in USD/CAD and EUR/CAD prolong? Find out here:https://t.co/8DubboXsjv https://t.co/A0sIYo2iP1
  • Want to hear my thoughts on the US Dollar? Check out yesterday's recording with #AuzBiz hosted by @KaraOrdway on 'The Trade' We discussed a #USD index, Treasury yields, $USDJPY, $AUDUSD and $NZDUSD https://t.co/yxwquL1btp https://t.co/RtWjlN6kpv
  • Gold has plunged nearly 5% off the Monthly high with the sell-off now probing key weekly support here at 1738/47- looking for a pivot here with the Fed interest rate decision on tap. Get your $XAUUSD market update from @MBForex here:https://t.co/Vnxi41lETt https://t.co/FyZuHNzsU3
  • Feels like the market has been front-running next week’s FOMC announcement, which will reveal updated dot plot projections. Expectations clearly set for a more hawkish shift in guidance. That said, if the Fed does not deliver, US Dollar bulls could be disappointed. $USD $DXY https://t.co/o2v6ibac3L
  • USD/CAD has been chopping around the past week-and-a-half, offering virtually no cues on its next direction. Get your market update from @PaulRobinsonFX here:https://t.co/eq1YkOa3mC https://t.co/V6h8BjyeGa
Bank Research Consensus Weekly 09.04.12

Bank Research Consensus Weekly 09.04.12

David Song, Strategist
Bank_Research_Consensus_Weekly_09.04.12_body_BankResearch.png, Bank Research Consensus Weekly 09.04.12

FX: ECB Meeting to Support the Euro

Arne Lohmann Rasmussen, Chief Analyst, Danske Bank

The focal point in the FX market in the coming week will be the ECB meeting. There is little doubt that the market has high expectations not least after the Wall Street Journal wrote that ECB President Draghi “due to the heavy workload foreseen in the next few days” would not attend the annual economic symposium in Jackson Hole this weekend.

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Bernanke: The Fed Has Options

John E. Silvia, Chief Economist, Wells Fargo

Chairman Bernanke’s speech at the Jackson Hole conference suggests that the Federal Reserve has a number of policy options to provide further stimulus, including another round of asset purchases, but there was no immediate announcement of any policy action. Our view, which is an extension of the interest rate guidance through 2015 but no QE3 at the Sept. 12-13 Federal Open Market Committee meeting, may be influenced by a weak jobs report. A weak jobs number may draw more substantial action at the September meeting.

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U.S. – From Jackson Hole, With Love

Chris Jones, Economist, TD Bank Financial Group

When Ben Bernanke speaks, it usually makes news. So when the Chairman delivered his opening remarks at the Kansas Fed’s Economic Symposium in Jackson Hole Friday morning, markets were listening. Recall it was at this event two years ago when the Chairman hinted at QE2. Now, with expectations of QE3 on the rise, market participants were once again looking for a signal that additional monetary stimulus is imminent.

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Compiled by David Song, Currency Analyst

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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