Currency Trading News by DailyFX

Euro Near Major Top Against US Dollar, but Timing Anything but Clear

strategist@dailyfx.com (David Rodriguez, Quantitative Strategist) — Fri, 16 Oct 2009 20:08:56 -0400

Japanese Yen Relinquishes its Top Safe Haven Status to the Dollar

strategist@dailyfx.com (John Kicklighter, Currency Strategist) — Fri, 16 Oct 2009 19:59:42 -0400

What is the most influential driver behind the Japanese yen? The same underlying current for all capital markets: risk appetite. It used to be the case...

British Pound Looks to 3Q GDP to Keep the Bullish Momentum

strategist@dailyfx.com (John Kicklighter, Currency Strategist) — Fri, 16 Oct 2009 19:58:24 -0400

There was a none-too-subtle shift in sentiment for the British pound last week. With just a few comments from a member of the Bank of England, we have...

Forex Weekly Trading Forecast - 10.16.09

Fri, 16 Oct 2009 19:49:22 -0400

US Dollar May Be Setting Stage for Advance Euro Near Major Top Against US Dollar, Timing Unclear Japanese Yen Relinquishes its Top Safe Haven Status to...

Canadian Dollar May Come Under Pressure Ahead of BOC Decision

strategist@dailyfx.com (Terri Belkas, Currency Strategist) — Fri, 16 Oct 2009 19:37:26 -0400

The Canadian dollar eased back on Friday after the release of the nation’s consumer price index (CPI) fell for the fourth straight month in September,...

US Dollar May Be Setting Stage for Advance

strategist@dailyfx.com (Terri Belkas, Currency Strategist) — Fri, 16 Oct 2009 19:25:32 -0400

The US dollar was one of the weakest major currencies last week, with the Japanese yen beating the greenback to being the biggest loser, as market sentiment...

Forex Options and Futures Point to British Pound, US Dollar Recovery

strategist@dailyfx.com (David Rodriguez, Quantitative Strategist) — Fri, 16 Oct 2009 19:31:29 -0400

Risk Appetite Stalls But the Dollar and Dow Maintain Trend Through Week's End

strategist@dailyfx.com (John Kicklighter, Currency Strategist) — Fri, 16 Oct 2009 19:05:12 -0400

Risk appetite may have stumbled towards the end of the past week; but looking at the bigger picture, the market’s have neither backed off direction nor...

US Dollar Gains as Risk Appetite Fades, DJIA Closes Back Below 10,000

strategist@dailyfx.com (Terri Belkas, Currency Strategist) — Fri, 16 Oct 2009 18:27:40 -0400

• Euro Consolidates as Exports Dive, Warning That Ireland May Require IMF Aid • British Pound Rally Continues Following Comments from BOE’s Fisher Signaling...

Swiss Franc Long Positions Highest Since December 2004

strategist@dailyfx.com (Jamie Saettele, Senior Currency Strategist) — Fri, 16 Oct 2009 17:50:07 -0400

COT data is yet another piece of the puzzle that warns of a USD low. EUR, AUD, NZD, CAD, and CHF long positions are at their highest levels in year(s)....

Market Volatility Consolidates following Disappointing Earnings (Forex Video)

strategist@dailyfx.com (John Kicklighter, Currency Strategist and Jaclyn Sales) — Fri, 16 Oct 2009 17:47:18 -0400

Thursday's souring in risk appetite wouldn't develop into a trend reversal. Can fundamentals guide risk appetite next week?

Australian Dollar Forecast to Rally Further on RBA Rate Hikes

strategist@dailyfx.com (David Rodriguez, Quantitative Strategist) — Fri, 16 Oct 2009 17:38:07 -0400

Despite EURNZD Channel's Consistancy, A Range Setup Only For The Most Risk Tolerant

strategist@dailyfx.com (John Kicklighter, Currency Strategist) — Fri, 16 Oct 2009 17:39:40 -0400

Having come to the end of the week, both the fundamental and technical standing of the markets looks very unstable. Furthermore, it is a rule of thumb...

New Zealand Dollar Vulnerable To Pullback In Risk Appetite

strategist@dailyfx.com (John Rivera, Currency Analyst) — Fri, 16 Oct 2009 16:23:24 -0400

Swiss Franc Trading Hinges on Broad Risk, US Dollar Outlook

strategist@dailyfx.com (Ilya Spivak, Currency Analyst) — Fri, 16 Oct 2009 16:19:10 -0400

Will Crude Salvage its Bullish Drive and Extend the Strongest Rally Since July?

strategist@dailyfx.com (John Kicklighter, Currency Strategist) — Fri, 16 Oct 2009 15:40:03 -0400

Currency Crosses: Technical Outlook

strategist@dailyfx.com (Jamie Saettele, Senior Currency Strategist) — Fri, 16 Oct 2009 15:07:33 -0400

The crosses present a clear picture of risk aversion. The EURCAD, EURAUD, and EURNZD look constructive while Yen crosses are at risk of slipping lower....