9/28 DailyFX - Forex Market News

     
    DailyFX - Forex Market News    
   
Greenback May Find Some Bids on Tuesday As Investors Reconsider QE
September 27, 2010 at 10:52 PM
 

Take a look inside for a closer look at the latest developments and what could trigger a shift in the current USD bearish trend....

   
   
Euro to Look Past German CPI as Spotlight Turns to Repo Expiry
September 27, 2010 at 9:59 PM
 

Euro price action is likely to focus on the rollover of €225 billion in three ECB lending facilities, looking past an uptick in Germany’s inflation rate.

   
   
Crude Oil Holds Gains Despite Decline in Stocks, Gold Breaks Five-Session Win Streak
September 27, 2010 at 9:42 PM
 

Crude oil has been outperforming equity markets in recent days after strongly underperforming in weeks prior. An advance toward $80 is possible on growth optimism.

   
   
FOREX: Dollar Recovery will be Short-Lived without a Meaningful Collapse in Risk
September 27, 2010 at 7:36 PM
 

For those lingering dollar bulls or long-term fundamentalists, the dollar’s bounce to start the week may be encouraging; but it is hardly confirmation of a new trend. The single currency was merely finding reprieve from last week’s progressive selling momentum in the absence of a meaningful current in underlying speculative trends.

   
   
A Lack of Speculative Interest and Dollar Bounce Curb Crude, Gold Monday
September 27, 2010 at 5:08 PM
 

Friday ended with a bang for the commodities market with gold and oil shooting higher alongside a remarkable rally for equities (the consummate speculative asset. Today’s lack of follow through casts doubt over the taste for risk and the true driver of this market.

   
   
Euro Takes Lead From Stocks, Is Rally Over for Both?
September 27, 2010 at 3:01 PM
 

The EUR/USD traded within a tight range most of the day despite a rise in Irish and Portuguese yields. Equity markets also ended lower on the day as markets were reminded that risks remain for the global financial market. Risk sentiment has become the main driver for the pair as debt concerns have faded to the back of trader’s minds.

   
   
GBP/USD: Trading the Change in U.K. Mortgage Approvals
September 27, 2010 at 1:24 PM
 

A drop in U.K. mortgage approvals could halt the recent rally in the British Pound as the economic outlook remains clouded with uncertainties, and the GBP/USD may retrace the advance from the previous week as growth prospects deteriorate.

   
   
Dollar May Find Direction from Manufacturing Gauges, as Fed Stands Ready
September 27, 2010 at 12:55 PM
 

A tame week of event risk will end with U.S., U.K. and Chinese manufacturing reports which could leave markets quiet on the week. Last month’s upside surprises from all three fuel risk appetite leading to support for commodity dollar, Sterling and the Euro.

   
   
EURUSD Maintains Tight Ascending Channel Ahead of the U.S. Consumer Confidence Report
September 27, 2010 at 12:10 PM
 

Consumer confidence in the world’s largest economy is forecasted to drop to 52.1 in September from 53.5 the previous month as the economic outlook for the U.S. remains blurry. In turn, a report worst than forecasts will likely add further weight on the regions outlook.

   
   
EUR/USD's Test of Fibo Resistance May Present Scalping Opportunity
September 27, 2010 at 8:13 AM
 

The EUR/USD has seen its bullish rally stall following a failed test of major resistance, as fresh concerns over the European banking system have emerged. Speculation that the Fed will add to their quantitative easing efforts continues to weigh in the greenback which remains a supportive factor for the pair. The overall market has quieted today as dollar crosses take a breather, and yen crosses remain directionless with the BoJ active. Therefore, the most liquid pair is the logical scalping target in the current environment.

   
   
Forex Strategy Outlook: US Dollar Downtrend Key to Strategy Performance
September 27, 2010 at 7:58 AM
 

Consistent US Dollar declines have led to solid gains across our price-following Momentum and Breakout strategies, and relatively elevated volatility expectations suggest that the USD could continue to move in the week ahead. FX Options markets are pricing in somewhat large moves in key US Dollar pairs such as the EURUSD and USDCHF. The key question rolling forward is whether the Greenback continues to hit fresh lows against key forex counterparts.

   
   
Bank Research Consensus Weekly 09.27.10
September 27, 2010 at 6:54 AM
 

The September FOMC statement released on September 21 did not include an explicit reference to renewed asset purchases. However, it did include an important change to the inflation language, as follows: "Measures of inflation are currently at levels somewhat below those the Committee judges most consistent, over the longer run, with its mandate to promote maximum employment and price stability."

David Greenlaw, Global Economics Team, Morgan Stanley

   
   
Forex: Euro Looks To Test 1.3500, Risk Trends To Dictate Price Action For U.S. Dollar
September 27, 2010 at 5:00 AM
 

The Euro bounced back from a low of 1.3425 during the overnight trade following a risk appetite and the single-currency may continue to push higher going into the North American session as the economic docket remains fairly light for Monday.

   
   
Eurozone M3 Tops Expectations in August
September 27, 2010 at 4:45 AM
 

The Eurozone M3 money supply in August Jumped an annualized 1.1 percent in August after climbing 0.2 percent the month prior amid economists’ expectations for a 0.3 percent rise.

   
   
Euro Threatened Ahead of Meeting on Euro Zone Rule Changes
September 26, 2010 at 11:20 PM
 

The Euro may pare Friday’s spectacular rally as traders turn cautious ahead of a meeting on Euro Zone rule changes following this year’s sovereign risk flare-up on the currency bloc’s southern periphery.

   
   
Japanese Trade Surplus Data Shows Impact of Strong Yen on Exports
September 26, 2010 at 10:23 PM
 

Japan's latest trade surplus data might make Yen Bulls uncomfortable. Take a look inside to see why...

   
   
Crude Oil Supported by Economic Optimism, Gold Bumps Up Against $1300
September 26, 2010 at 9:58 PM
 

Crude oil may try to add to the strong gains of last week, while gold tries to break through the psychologically significant $1300 level.

   
   
A Candid Appraisal of the Recovery
September 26, 2010 at 7:36 PM
 

   
     
 
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