* Dollar Faces Another Surge of Volatility on Stimulus, Crisis Talk * Euro Trouble Masked by Dollar Decline, Market Demands Crisis Action * British Pound Takes Advantage of Greenback Vulnerability * Australian Dollar Extremely Sensitive to Risk Trends, Rate Potential in CPI Data * Japanese Yen: Will a Record Low USDJPY Prompt Officials Into Action * New Zealand Dollar Ready for RBNZ Policy Meeting, Are Surprises Possible? * Gold: Whether US Stimulus or European Crisis, Anti-Currency Drive Increasing
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Written by: John Kicklighter, Senior Currency Strategist
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Dollar Faces Another Surge of Volatility on Stimulus, Crisis Talk |
What a remarkable way to end the week - not just for the US dollar but for the entire financial markets. On the one hand, we have a number of developments that would point to a meaningful, bullish break for risk appetite trend. Yet, there are just as many considerations that indicate sentiment is still anchored by uncertainty over a troubled fundamental future. Which lean is correct? Are these fundamental developments or merely technical events evolving out of tense market conditions? These are critical questions to answer in order to properly navigate the markets next week. Yet, regardless of which of the conflicting bearings are ultimately correct; the chances of exceptionally active markets and even the long-awaited return to a dominant trend are very high. In other words, we are heading into a 'trader's' market...
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Best regards, DailyFX Research Team research@dailyfx.com |