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Daily FX News


Forex Weekly Trading Forecast - 05.21.2012

Sat, 19 May 2012 07:49:00 GMT

First we have seen the critical breaks towards risk aversion. Then we saw the emergence of momentum behind the deleveraging. Will we graduate to the next phase: panic?

Euro: ‘Buying Time’ May Not Work This Time as Crisis Intensifies

Sat, 19 May 2012 07:41:00 GMT

There are many comparisons being made to current Euro-region market conditions and those back in the second quarter of 2010 when trouble just started brewing for Greece.

US Dollar Makes a Break to 16-Month Highs as Fear Creeps In

Sat, 19 May 2012 07:35:00 GMT

Though the benchmark currency eased back into the final 48 hours of this past trading week, the dollar nevertheless posted another impressive run through the entire period.

EURUSD Turns to End the Week As US Stocks Extend Dive

Sat, 19 May 2012 07:29:00 GMT

Roles further reversed between the ultimate safe haven and the benchmark risk barometer to end the week. The dollar stumbled Friday, lifting EURUSD to its biggest advance in nearly two months following a very conspicuous decline.

New Zealand Dollar to Follow Stocks on Euro Crisis, Global Growth Bets

Sat, 19 May 2012 05:36:00 GMT

Dollar Stumbles but Doesn’t Break Trend Into Week End

Sat, 19 May 2012 05:32:00 GMT

The Dow Jones FXCM Dollar Index put in for its first two-day bearish performance in three weeks Thursday and Friday, but this was more a technical development than a trend change.

Gold Outlook Rests on G8 Summit, Eurozone PMIs and US Survey Data

Sat, 19 May 2012 03:57:00 GMT

Looking Ahead to Further Volatility

Sat, 19 May 2012 01:01:00 GMT

USDJPY Back Under 80.00 as EZ Concerns Grow; Where’s the BoJ?

Fri, 18 May 2012 23:00:00 GMT

British Pound To Face Further Losses On Slowing Inflation, Dovish BoE

Fri, 18 May 2012 22:58:00 GMT

Financial Market Fears Overwhelm Facebook IPO Optimism

Fri, 18 May 2012 22:55:00 GMT

After weeks of hard risk deleveraging, it is reasonable to expect markets have priced in much of the mass’ fears and thereby find a temporary point of stability. With sentiment in balance, an event like the Facebook IPO could turn the ship. Yet, that was not the case through Friday’s session.

Canadian Dollar Primed to Outperform Struggling AUD, EUR, NZD

Fri, 18 May 2012 22:55:00 GMT

Australian Dollar Vulnerable To Risk Trends, Rate Expectations

Fri, 18 May 2012 22:53:00 GMT

Weekly Technical Overview of the Major Currencies and Cross Rates

Fri, 18 May 2012 21:00:00 GMT

Check out our latest technical report which offers and overview and outlook for the major FX markets…

The Calculated Mover: EURGBP

Fri, 18 May 2012 17:42:00 GMT

The EURGBP has dipped nearly 19% from its 2008 highs. As the pair declines to fresh lows in a channel, trend traders look to calculate fresh entries.

USD Index Carving Top In May, AUD Eyes November Lows

Fri, 18 May 2012 16:30:00 GMT

The greenback continued to gain ground ahead of the G8 Summit, with the Dow Jones-FXCM U.S. Dollar Index climbing to a fresh yearly high of 10,154, and the reserve currency should appreciate further as we don’t expect to see any major developments over the weekend.

Guest Commentary: Gold & Silver Daily Outlook 05.18.2012

Fri, 18 May 2012 14:32:00 GMT

Gold and silver took a sharp turn and sharply rose yesterday. Gold recorded the sharpest single day gain this year (UTD).

Euro Tests For Support Ahead Of G8 Summit, Sterling To Lag Behind

Fri, 18 May 2012 13:45:00 GMT

Market sentiment firmed up ahead of the G8 meeting as the EU talked down the risk for a Greek exit, and the rebound in risk-taking behavior may gather pace in the days ahead as European policy makers increased their pledged to bolster the euro-area.

Loonie Remains Strong after Canada’s April Inflation Rose More than Forecast

Fri, 18 May 2012 13:34:00 GMT

Canada’s inflation remain remained stable at 0.4 percent in April for the fourth straight month as rising price pressures on automobiles and clothing offset easing pressures on energy and gasoline.

Sidelined for Friday

Fri, 18 May 2012 11:01:00 GMT

Risk Correlated Assets Begging for Relief But No Real Sign of Bottom Yet

Fri, 18 May 2012 09:35:00 GMT

Investors are panicking as risk correlated assets tumble, with no signs as of yet of a light at the end of the tunnel....

Commodity Prices Have Scope to Rise into the End of Trading Week

Fri, 18 May 2012 08:56:00 GMT

Crude oil and copper may rise amid profit-taking on risk aversion bets while gold and silver ride QE3 hopes and growing fears of Eurozone instability may spread.

Technical Outlook for Major Currencies - May 18, 2012

Fri, 18 May 2012 08:30:00 GMT

Euro looks set to finally test the 2012 lows. Daily studies are however severely oversold so be on the lookout for a bounce over the coming sessions.

Can the Facebook IPO Revive Equities and Torpedo the US Dollar?

Fri, 18 May 2012 06:56:00 GMT

Risk aversion has swept over the market these past two weeks, leading the S&P 500 Index to the cliff of a major reversal and the safe haven US dollar to incredible gains. Is this shift in risk appetite inevitable or are speculators just looking for a big-ticket headline like the Facebook IPO to spur a recovery?

EUR/USD Classical Technical Report 05.18

Fri, 18 May 2012 06:37:00 GMT