Daily Fundamentals - 10.15.11

Having trouble viewing this email? Click here

*    Dollar Finishes out its Worst Weekly Performance Since March 2009 *    Euro: How Long can Relief Substitute Genuine Strength? *    British Pound Lagging Euro Counterpart as Recession Marches Closer *    Australian Dollar Looks for Continued Support from China to Offset Global Troubles *    Japanese Yen Volatility Starting to Slowly Pick Up from Multi-Decade Lows *    Canadian Dollar Traders May Look more Closely at Rates Next Week *    Gold Eagerly Awaits Lack of Conviction from G20, European Officials Written by: John Kicklighter, Senior Currency Strategist Dollar Finishes out its Worst Weekly Performance Since March 2009 There was no silver lining in the dollar's performance this past week. Behind the greenback's hefty selling pressure against most of its benchmark counterparts, we were reminded of a fundamental reality: we need a real, fundamental reason to hold the US currency - much less bid it higher. So, where did the strength through August and September come from? The spread of the European crisis was enough to stoke fears surrounding the stability of the global financial market and leverage demand for liquidity. At the same time, the euro's own troubles stirred the need for an alternative currency that can supply comparable market depth. However, through the past week, we have seen fear retreat and the euro recover some of its lost ground. Sentiment hasn't turned higher; rather, it has stabilized. And, when conditions are level, the high requirements for attractive interest naturally weighs the dollar lower...   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.

Forward email This email was sent to autoforextradingpro@gmail.com by jkicklighter@dailyfx.com |   Instant removal with SafeUnsubscribe™ | Privacy Policy. Forex Capital Markets | Financial Square 32 Old Slip | New York | NY | 10005