Daily Fundamentals - 10.13.11

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*    Dollar Revives its Bear Trend as S&P 500 and Risk Surge *    Euro Traders Gaining Clarity on the Hard Policies the EU will Take *    British Pound Rallies Despite a 15-Year High in Unemployment *    Australian Dollar Rallies on Risk, Strong Jobs Data *    Japanese Yen Forced into a Breakout, Follow Through Questionable *    Swiss Franc: Are Expectations of a 1.3000 EURCHF Floor Fading? *    Gold Slowly Working its Way Higher as Europe, FX Manipulation Divert Funds Written by: John Kicklighter, Senior Currency Strategist Dollar Revives its Bear Trend as S&P 500 and Risk Surge The dollar was able to catch its breath briefly Tuesday; but the market would put the currency back through the grinder during the subsequent session as a swell in risk appetite trends knocked the safe haven down. We have an elemental clash to consider here in the influence of sentiment trends. There is little question that the greenback's primary role is a harbor for investors when fear and liquidity are under pressure; so the fundamental consideration of direction boils down to the bearings and conviction in risk versus reward. On that front, it was clear that the currency was responding to the underlying current. The benchmark S&P 500 extended its six-day climb with a strong run that put pushed the index towards the top of its two-month range (approximately 1,225).   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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