Daily Forex News
FOREX: Euro May Rise as Higher German IFO Print Trims Rate Cut Bets
The Euro has scope to recover as German IFO data shows business confidence hit a 7-month high in February, trimming near-term ECB rate cut bets.
Yen Price Action Confounds As Currency Remains Under Intense Pressure
While other markets defer to inter-day consolidation, the Yen is running its own course and we take a close look at the price action…
Dollar Climbs as Risk Eases, Slump in Correlations More Interesting
Although anti-Euro and anti-risk sentiment themes have not yet developed into heavy trends, they have afforded the US Dollar a meaningful advance.
EURUSD: Trading the German IFO Business Confidence Survey
Business confidence in Europe’s largest economy is expected to tick higher in February, and the development may spur a bullish reaction in the EURUSD as it raises the outlook for future growth.
Guest Commentary: Got a Hunch for a Trade? Verify it Before Trading
Getting emotional when trading happens to everybody. That’s life. When you take a look at the charts, suddenly something you have learned or something you read about a currency comes to mind, and you feel that you have a great trade at hand.
USD Index Breaches Critical Resistance- Next 24hrs are Key…
The greenback advanced for a second consecutive session with the index breaching crucial resistance in North American trade. The dollar needs to hold above this key level for the rally to persist. Here are the levels to watch.
Guest Commentary: MarketVisionTV – Potential Downside Correction is Finally Over
Following the aggressive rally to 1.0845 we have entered a messy downside correction that thus far has lasted 10 days.
USD Index To Resume Upward Trend, Japanese Yen Weakness To Accelerate
The greenback continued to gain ground on Wednesday, with the Dow Jones-FXCM U.S. Dollar Index rallying to a fresh monthly high of 9,896, and the reserve currency may track higher over the remainder of the week as the flight to safety gathers pace.
U.S. Dollar Momentum Builds as Greek Concerns Linger
Despite the €130 billion bailout agreed upon yesterday for Greece, market participants are questioning the ability of the Greek government to fully implement the necessary measures. Earlier today, Fitch Ratings cut Greece’s long-term ratings to C from CCC, a sign that a default is indeed coming in the next few weeks.
Guest Commentary: Gold & Silver Daily Outlook 02.22.2012
Gold and silver started off the week with very sharp gains. Yesterday’s gains were the sharpest this month (so far), which only goes to show how February is much less volatile than January.
Euro Setting Up For Major Decline, Sterling Poised For Correction
Renewed fears surrounding sovereign debt crisis dragged on risk-taking behavior and the flight to safety may gather pace during the North American trade as European policy makers struggle to restore investor confidence.
Gold at Risk as Dollar Recovers, Crude Oil Supported by Iran Tensions
Gold and silver prices may weaken as the US Dollar recovers. Iran-linked jitters continue to support crude oil. Copper is vulnerable amid risk aversion.
