Daily Fundamentals - 10.06.11

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·    Dollar Facing Two High Hurdles: Risk Trends and Euro Yield ·    Euro Dominant Trend May be Bearish but ECB Bias May Lean Bullish ·    British Pound Has an Easier Time Pricing in BoE Rate Decision ·    Swiss Franc Fight Will Face Trouble in Euro's ECB Reaction ·    Japanese Yen: Officials Growing More Creative in Effort to Depreciate ·    Gold is More Focused on the Risk Aspect of the Euro Experience Written by: John Kicklighter, Senior Currency Strategist Dollar Facing Two High Hurdles: Risk Trends and Euro Yield The wave of fear that washed over the markets this past month is starting to recede; and the return to stability and tinge of confidence starting to show through is weighing on the US dollar. As the market's go-to safe haven asset when investors need liquidity and are putting their capital 'in cash'; the greenback naturally retraces as volatility and panic settle. For the Dow Jones FXCM Dollar Index (ticker = USDollar), this shift has translated into the biggest decline in three weeks. Now, hovering above the 10,000 level; it wouldn't take much to drive the dollar to the next phase of a larger, bearish correction. All that is needed is mere stability to undermine the currency's primary fundamental role. For more, distinctly risk-sensitive assets like the S&P 500 though; a break in the financial storm does not translate into a strong recovery...   Download the Full Article Best regards, DailyFX Research Team research@dailyfx.com DailyFX Home | research@dailyfx.com | Contact US ©2009 DailyFX. All Rights Reserved. Forex Capital Markets, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials. Forex Capital Markets, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. Forex Capital Markets, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results.

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