Forex Market News
- U.S. Dollar Index Threatens Upward Trend, AUD Outlook Remains Bearish Tuesday, July 19, 2011 @ 12:03PMThe greenback pared the rebound carried over from the previous week, with the Dow Jones-FXCM U.S. Dollar index slipping to a low of 9558.12 on Tuesday, but the reserve currency should regain its footing over the next 24-hours of trading as the rise in risk-taking behavior appears to be tapering off.
http://www.dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2011/07/19/U.S._Dollar_Index_Threatens_Upward_Trend_AUD_Outlook_Remains_Bearish.html
- FOREX-Euro rallies ahead of EU summit later this week Tuesday, July 19, 2011 @ 11:33AM* Euro rises broadly ahead of EU summit * Sovereign demand boosts euro, periphery yields slide * U.S. housing starts briefly help dollar recover vs yen (Updates prices) NEW YORK, July 19 (Reuters) - The ...
http://uk.finance.yahoo.com/news/FOREX-Euro-rallies-ahead-EU-targetukfocus-2635021333.html?x=0
- Euro Zone Economic Sentiment in Decline Tuesday, July 19, 2011 @ 11:28AMEuro Zone Economic Sentiment in Decline
http://community.nasdaq.com/News/2011-07/euro-zone-economic-sentiment-in-decline.aspx?storyid=86183
- US Housing Market Stabilized in June Tuesday, July 19, 2011 @ 11:28AMUS Housing Market Stabilized in June
http://community.nasdaq.com/News/2011-07/us-housing-market-stabilized-in-june.aspx?storyid=86186
- Swedish Central Bank Signals Readiness to Tighten Interest Rates Tuesday, July 19, 2011 @ 11:27AMSwedish Central Bank Signals Readiness to Tighten Interest Rates
http://community.nasdaq.com/News/2011-07/swedish-central-bank-signals-readiness-to-tighten-interest-rates.aspx?storyid=86190
- QE in the Euro-zone: A Solution to Satisfy (Almost) Everybody Tuesday, July 19, 2011 @ 11:14AMForexCrunch is a site all about the foreign exchange market, which consists of tutorials, basics of the forex market, daily and weekly forex analysis, technical analysis, forex software posts, insights about the forex industry and whatever is related to Forex.
http://www.businessinsider.com/qe-in-the-euro-zone-a-solution-to-satisfy-almost-everybody-2011-7
- Forex Flash: Risk of BOJ intervention is low - BBH Tuesday, July 19, 2011 @ 10:27AMFXstreet.com (Barcelona) - The Japanese yen in recent days has remained mostly steady near it´s lowest level since the earthquake in March, holding within a tight range around 79.00 since
http://community.nasdaq.com/News/2011-07/forex-flash-risk-of-boj-intervention-is-low-bbh.aspx?storyid=86171
- Short EURUSD at 1.42-figure Tuesday, July 19, 2011 @ 10:18AMIm short EURUSD from the figure with targets set just above the 61.8% Fibonacci extension taken from the June 16th and July 12th crests at 1.4150. Stops set just above the 76.4% extension at 1.4220. EURUSD Chart Follow me on Twitter for updates on this scalp and other trade @MBForex DailyFX provides forex news on the economic reports and political events that influence the currency market. Learn ...
http://biz.yahoo.com/fxcm/110719/1564537809.html?.v=1
- Rupee gains 3 paise Monday, July 18, 2011 @ 11:36PMThe rupee strengthened by 3 paise to Rs 44.54 per dollar in early trade on Tuesday, supported by dollar weakness against other Asian currencies.
http://www.thehindubusinessline.com/industry-and-economy/banking/article2252171.ece
- Rupee gains 3 paise vs dollar in early trade Monday, July 18, 2011 @ 11:34PMThe Indian rupee strengthened by 3 paise to Rs 44.54 per dollar in early trade on the Interbank Foreign Exchange today, supported by dollar weakness against other Asian currencies.
http://www.business-standard.com/india/news/rupee-gains-3-paise-vs-dollar-in-early-trade/141639/on
- S&P 500 Clears Another Support Level, Bolstering US Dollar Outlook Monday, July 18, 2011 @ 11:33PMTHE TAKEAWAY – The S&P 500 has cleared another near-term support level, bringing a major top closer to fruition and hinting the safe-haven US Dollar will continue to strengthen.
http://www.dailyfx.com/forex/technical/article/cross-market_technical_update/2011/07/19/SP_500_Clears_Another_Support_Level_Bolstering_US_Dollar_Outlook.html
- Unresolved Themes Still of Central Focus for Global Investors Monday, July 18, 2011 @ 11:33PMMarkets remained under pressure in Monday trade, with risk correlated assets undergoing more liquidation, while even the safest of currencies in the Swiss Franc, was also seen giving back some ground, perhaps with the market so well overextended and due for some profit taking.
http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/opening_comment/2011/07/19/Unresolved_Themes_Still_of_Central_Focus_for_Global_Investors.html
- Dollar Shows Mixed Progress Across Majors as Debt Troubles Continue Monday, July 18, 2011 @ 11:33PMJust as surely as the S&P 500 failed to break the closely-watched 1,300 figure; the US dollar would fail to make meaningful headway of its own through Monday’s session.
http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2011/07/19/Dollar_Shows_Mixed_Progress_Across_Majors_as_Debt_Troubles_Continue.html
- New Trading Products from Vantage FX Monday, July 18, 2011 @ 11:01PMVantage FX is an award winning Australian registered broker providing Forex trading capabilities to retail, high-net worth and institutional clients in Australia and the rest of the world.
http://biz.yahoo.com/prnews/110719/hk37438.html?.v=1
- Australian Dollar Softens as Bank Sees "More Time" for Inflation Monday, July 18, 2011 @ 9:03PMThe Reserve Bank of Australia’s relatively dovish comments at its June meeting, continuing its commentary to keep monitoring inflation, partially cut the Australian dollar’s morning gains.
http://www.dailyfx.com/forex/market_alert/2011/07/19/Australian_Dollar_Softens_as_Bank_Sees.doc.html
- FOREX: Ringgit Higher Against US Dollar In Early Trade Monday, July 18, 2011 @ 8:55PMKUALA LUMPUR, July 19 (Bernama) -- The ringgit was traded higher against the US dollar Tuesday morning with attention focused on the US debt ceiling negotiations.
http://www.bernama.com/bernama/v5/newsindex.php?id=602155
- FOREX-Euro steady, but Europe's debt woes cast pall Monday, July 18, 2011 @ 8:43PM* Euro stabilises after previous day's drop * Euro holds above record low against Swiss franc * Talk of euro/dollar stops near $1.4140, bids around$1.4050 * Surge in Italian, Spanish bond yields bode ...
http://uk.finance.yahoo.com/news/FOREX-Euro-steady-Europe-debt-targetukfocus-3971498769.html?x=0
- Forex: AUD/USD strengthens ahead of RBA Monday, July 18, 2011 @ 8:26PMFXstreet.com (California) - At present, AUD/USD is showing strength in Asia as investors are now waiting for RBA Governor, Glenn Stevens' comments upon release of the latest RBA Meeting Minutes.
http://community.nasdaq.com/News/2011-07/forex-audusd-strengthens-ahead-of-rba.aspx?storyid=86011
- Forex: GBP/USD holds above 1.6100 Monday, July 18, 2011 @ 3:27AMFXstreet.com (Barcelona) - While showing slightly bearish tendencies over the Asian session, dropping around 70 pips at its widest to hit a low of 1.6067, the GBP/USD has remained mostly stable
http://community.nasdaq.com/News/2011-07/forex-gbpusd-holds-above-16100.aspx?storyid=85823
- Forex Flash: EUR/USD looks to slide to 200 day MA at 1.3912 – Commerzbank Monday, July 18, 2011 @ 2:28AMFXstreet.com (Barcelona) - The EUR/USD continues to show an overall bearish bias despite a slight rebound from the 200-day MA last week at 1.3912, with Karen Jones, technical analyst at
http://community.nasdaq.com/News/2011-07/forex-flash-eurusd-looks-to-slide-to-200-day-ma-at-13912-commerzbank.aspx?storyid=85805
- Forex: EUR/USD, 1.4140/60 re-entry point for sellers - Charmer Charts Monday, July 18, 2011 @ 1:26AMFXstreet.com (Barcelona) - EUR/USD traded lower in a rather illiquid Asian session, where the Japanese market was closed due to publica holiday. "The pair came lower as expected, and
http://community.nasdaq.com/News/2011-07/forex-eurusd-1414060-reentry-point-for-sellers-charmer-charts.aspx?storyid=85797
- Rupee drops by 10 paise vs dollar Monday, July 18, 2011 @ 1:20AMThe Indian rupee dropped further by 10 paise to Rs 44.61 per US dollar in early trade today on persistent dollar demand from banks and importers despite weakness of the American currency in global markets.
http://www.business-standard.com/india/news/rupee-drops-by-10-paise-vs-dollar/141511/on
- Eur/Nok Well Bid And Looking to Retest Multi-Week Range Highs Monday, July 18, 2011 @ 1:03AMEur/Sek The market recovery out from 8.70 remains intact despite the latest minor pullback and we look for a fresh higher low to now be in place at 8.80 ahead of the next upside extension towards the 9.30-50 area further up.
http://www.dailyfx.com/forex/technical/article/scandi_daily/2011/07/18/Scandi_Daily.html
- The Perfect Indicator for All Markets Saturday, July 16, 2011 @ 9:05AMOn-balance volume (OBV) is a proven-effective leading indicator that allows traders to spot turning
http://blogs.forbes.com/tomaspray/2011/07/16/the-perfect-indicator-for-all-markets/
- Forex Weekly Outlook –July 18-22 Saturday, July 16, 2011 @ 12:29AMUS Housing data, Euro-Zone German ZEW Economic Sentiment and German Ifo Business Climate and US Unemployment claims are among the big market movers this week. Here is an outlook on the major events ahead.
http://www.businessinsider.com/forex-weekly-outlook-july-18-22-2011-7
- Dollar Light on Data, Heavy on QE3 and Downgrade Speculation Friday, July 15, 2011 @ 10:33PMSome would consider this past week’s close a boon for the dollar because the selling pressure eased up into the close. In reality, the drop in volatility is neither beneficial nor detrimental to the currency. We have simply seen the market hit a saturation point for fundamental warnings.
http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2011/07/16/Dollar_Light_on_Data_Heavy_on_QE3_and_Downgrade_Speculation.html
- Gold Rally Poised to Continue Amid Rising Inflation Expectations Friday, July 15, 2011 @ 9:48PMThe path of least resistance appears to lead higher for gold prices as mounting inflation expectations drive demand for the metal as an alternative store of value.
http://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2011/07/16/Gold_Rally_Poised_to_Continue_Amid_Rising_Inflation_Expectations.html
- Weekly Currency Trading Forecast 07.18.11 Friday, July 15, 2011 @ 9:33PMDailyFX provides forex news on the economic reports and political events that influence the currency market. Learn currency trading with a free practice account and charts from FXCM.
http://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2011/07/16/Weekly_Currency_Trading_Forecast_07_16_11.html
- Canadian Dollar To Strengthen Further On BoC Rate Expectations Friday, July 15, 2011 @ 9:03PMThe Canadian dollar continued to retrace the decline from back in May, and the appreciation in the loonie may accelerate in the following week should the Bank of Canada show an increased willingness to raise the benchmark interest rate off of 1.00%. According to Credit Suisse overnight index swaps, market participants widely expect the central bank to retain its current policy next week, but see ...
http://www.dailyfx.com/forex/fundamental/forecast/weekly/cad/2011/07/16/Canadian_Dollar_To_Strengthen_Further_On_BoC_Rate_Expectations.html
- Australian Dollar to Fall on Diminishing Rate Hike Expectations Friday, July 15, 2011 @ 9:03PMThe Australian Dollar had a particularly disappointing week, losing ground against every major currency, as it fell the most against the safe havens, down 3.61 percent against the Swiss Franc, 2.88 percent against the Japanese Yen, and 0.96 percent against the U.S. Dollar.
http://www.dailyfx.com/forex/fundamental/forecast/weekly/aud/2011/07/16/Australian_Dollar_to_Fall_on_Diminishing_Rate_Hike_Expectations.html
- Rebound in Sentiment to Challenge Kiwi Record Highs- Traders Eye CPI Friday, July 15, 2011 @ 9:03PMThe kiwi advanced more than 0.85% this week hitting record highs just above 0.85-figure after data showed that growth on the isle-nation surpassed even the most optimistic estimates.
http://www.dailyfx.com/forex/fundamental/forecast/weekly/nzd/2011/07/16/Rebound_in_Sentiment_to_Challenge_Kiwi_Record_Highs-_Traders_Eye_CPI.html
- US Dollar Risks Further Declines on Debt Ceiling, Fed Policy Friday, July 15, 2011 @ 8:48PMIt was a tough week for the world’s foremost currency (Ticker: USDOLLAR ) as it finished sharply lower against key counterparts on sovereign credit rating fears and lackluster interest rate prospects.
http://www.dailyfx.com/forex/fundamental/forecast/weekly/usd/2011/07/16/US_Dollar_Risks_Further_Declines_on_Debt_Ceiling_Fed_Policy.html
- Euro’s Boost from a Weak Dollar Won’t Quiet Crisis Fears Friday, July 15, 2011 @ 8:48PMEuropean policy officials, over the past year, have taken the approach to impending financial disaster by putting out small fires only when conditions seem to be borderline crisis.
http://www.dailyfx.com/forex/fundamental/forecast/weekly/eur/2011/07/16/Euros_Boost_from_a_Weak_Dollar_Wont_Quiet_Crisis_Fears.html
- British Pound Direction Contingent on Bank of England Minutes Friday, July 15, 2011 @ 8:48PMThe British Pound found strong support in the latter half of the week, after declining immensely on Monday, and nearly dropping another 200-pips on Tuesday, on a worse-than-expected price data print which indicated that inflationary pressures were easing.
http://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2011/07/16/British_Pound_Direction_Contingent_on_Bank_of_England_Minutes.html
- Japanese Yen Outlook Hinges on Broader Market Sentiment, Data Flow Friday, July 15, 2011 @ 8:46PMThe yen advanced more than 2% against the greenback this week as the dollar came under pressure on concerns over the looming debt limit deadline. The gains come on the back of haven flows accelerated by concerns over sovereign debt downgrades and the threat of defaults in Europe.
http://biz.yahoo.com/fxcm/110715/1455102556.html?.v=1
- FX Technical Weekly: Key Reversals in GBPUSD and NZDUSD Friday, July 15, 2011 @ 7:48PMKey reversals this week in the GBPUSD and NZDCAD indicate that Cable s head and shoulders top may fail and that the larger Kiwi bull trend
http://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2011/07/16/FXTechWeekly071511.html
- Light Week Ahead as Atlantic Debt Crises to Guide Markets Friday, July 15, 2011 @ 7:48PMWith little significant data on the docket for the week ahead, most notably market by minutes of the recent meetings from two central banks in on the opposite ends of the spectrum in terms of interest rates and underlying economic conditions, and only one rate decision, longer-term market trends will dictate price action among the major currencies.
http://www.dailyfx.com/forex/fundamental/article/5_key_events/2011/07/16/07_15_11_top_5_.html
- Opportunity to Buy Australian Dollar against Euro Friday, July 15, 2011 @ 6:48PMThe EURAUD has bounced from channel resistance, which offers an opportunity to align with the larger downtrend.
http://www.dailyfx.com/forex/technical/article/currency_crosses/2011/07/15/Crosses071511.html
- Short GBP/CHF Targeting 1.2899 Friday, July 15, 2011 @ 6:18PMThe Sterling-Franc pair continues to move towards fresh lows, after touching said level at 1.3154 earlier in today’s session.
http://www.dailyfx.com/forex/analyst_picks/pair_to_range_trade/2011/07/15/Short_GBPCHF_Targeting_1.2899.html
- Many Pairs Look Interesting but Aussie Crosses Tradable Now Friday, July 15, 2011 @ 6:11PMWe ended the trading week on a soft note - a remarkable contrast to market conditions through the first half of the period and the close into the previous week. Having past so many remarkable events, it seems the market has suffered something of a news overload. While we can see headlines feed a wholesale selling effort as it stokes panic; there needs to be a genuine influence on market ...
http://biz.yahoo.com/fxcm/110715/935474961.html?.v=1
- FOREX WEEK AHEAD: Stress Tests Fail To Ease Euro Pressure Friday, July 15, 2011 @ 5:42PMFOREX WEEK AHEAD: Stress Tests Fail To Ease Euro Pressure
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201107151832dowjonesdjonline000541&title=forex-week-aheadstress-tests-fail-to-ease-euro-pressure
- Rand weaker Friday, July 15, 2011 @ 10:21AMThe rand was weaker against the dollar in late afternoon trade on Friday on risk aversion, as markets anxiously awaited the results of stress tests on European banks and amid worries about the US's debt ceiling.
http://www.pretorianews.co.za/rand-weaker-1.1100160
- Rupee down by two paise against dollar Friday, July 15, 2011 @ 9:59AMSnapping two-day gains, the rupee today lost two paise to close at 44.51/52 against the US currency mainly due to mild dollar demand amid weakness in local equities.
http://timesofindia.indiatimes.com/articleshow/9236873.cms
- Weak Michigan Confidence Weighs on Sentiment as Dollar Pares Losses Friday, July 15, 2011 @ 9:48AMThe Canadian dollar tops performance charts early in the US session with the loonie advancing 0.42% against the greenback. The pair continues to drift lower as interest rate expectations from the BoC climb on speculation the Fed will not implement further stimulus measures.
http://www.dailyfx.com/forex/technical/article/winners_and_losers/2011/07/15/Weak_Michigan_Confidence_Weighs_on_Sentiment_as_Dollar_Pares_Losses.html
- Italian Senate passes key austerity package Friday, July 15, 2011 @ 9:20AMThe Italian Senate has approved wide-ranging cuts aimed at slashing the budget deficit and calming financial markets as Italy fights to avoid being dragged down by Europe's deepening debt crisis.
http://www.brisbanetimes.com.au/world/italian-senate-passes-key-austerity-package-20110715-1hhyo.html
- U.S. Dollar Advances Ahead of European Stress Tests, Dead Ceiling Friday, July 15, 2011 @ 9:03AMThe rumor helped boost the Greenback in Asian and European trade, as little data in the overnight allowed the markets to move based on broader sentiment trends.
http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/top_fx_headlines/2011/07/15/U.S._Dollar_Advances_Ahead_of_European_Stress_Tests_Dead_Ceiling.html
- GBP/USD Hesitating, EUR/CHF Set To Further Weaken Friday, July 15, 2011 @ 9:00AMForexCrunch is a site all about the foreign exchange market, which consists of tutorials, basics of the forex market, daily and weekly forex analysis, technical analysis, forex software posts, insights about the forex industry and whatever is related to Forex.
http://www.businessinsider.com/gbpusd-hesitating-eurchf-set-to-further-weaken-2011-7
- FOREX-Euro down ahead of European stress test outcome=2 Friday, July 15, 2011 @ 8:52AMCurrency bid prices at 9:31 a.m. EDT (1331 GMT). All data takenfrom Reuters calculated from the levels at 4:30 p.m. (2030 GMT)in the previous New York session. Last US Close Pct YTD Pct 2010 July 14 Change ...
http://uk.finance.yahoo.com/news/FOREX-Euro-ahead-European-targetukfocus-3556019174.html?x=0
- FOREX-Euro down ahead of European stress test outcome Friday, July 15, 2011 @ 8:50AM* Euro lower; market wary before EU bank stress tests * S&P warns on U.S. ratings if no deal on debt ceiling * Swiss franc seen good hedge vs euro, dollar (Recasts, updates prices, adds quote, U.S. data; ...
http://uk.finance.yahoo.com/news/FOREX-Euro-ahead-European-targetukfocus-1503286413.html?x=0
- Forex: Euro Struggles Ahead Of EU Stress Test, USD Recoups Losses Friday, July 15, 2011 @ 8:33AMThe Euro struggled to maintain the overnight advance to 1.4178 and the single-currency may face additional headwinds during the North American trade should the results of the commercial bank stress test highlight a weakened outlook for the region.
http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/us_open/2011/07/15/Forex_Euro_Struggles_Ahead_Of_EU_Stress_Test_USD_Recoups_Losses.html