Daily Fundamentals - 10.26.11

Having trouble viewing this email? Click here

*    Dollar Tapped into the Risk Trends the Evolve from the EU Summit *    Euro Traders Ready for another Grand Plan from the EU *    Australian Dollar Tumbles after Core Inflation Unexpectedly Slows *    Canadian Dollar Losing its Investment Status after BoC Downgrade *    New Zealand Dollar Ready for RBNZ Rate Decision *    Japanese Yen Unfazed by Rumor that BoJ Planning Intervention Efforts *    Gold Rallying on Volume as all Roads Lead Away from Financial Assets Written by: John Kicklighter, Senior Currency Strategist Dollar Tapped into the Risk Trends the Evolve from the EU Summit We have entered the gravitational pull of this week's top event risk: the European Union's crisis summit. The influence of this particular driver reaches far beyond the euro and European assets. Underlying risk appetite itself is likely to garner its ultimate direction for at least a short time from whatever occurs here. And, when market-wide sentiment trends are moving with a purpose, they frequently carry the greenback along with it. The aggressive bull run from the S&P 500 and corresponding tumble for the Dow Jones FXCM Dollar Index (ticker = USDollar) through October was clearly influenced by the market's balance of risk and reward. After tested a low point in optimism not seen in over a year; market participants quickly backed off their bearish positions. While the larger fundamental concerns (slowing growth, a spreading European debt crisis, a slump in global yields, etc) where all still in place; there wasn't an tangible next step to turn the market onto the next phase of its bear trend...   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