Daily Fundamentals - 11.01.11

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*    Dollar: Finally a Reason to Buy the Greenback, But for How Long? *    Euro Tumbles as Confidence in Bailout Already Starting to Unwind *    Australian Dollar Slides after RBA Rate Cut but Risk Trends Critical *    Japanese Yen Volatility Will be a Consistent Threat after Massive Intervention *    British Pound will Make its Own Waves as the Market Readies for 3Q GDP *    Canadian Dollar: This is What Happens When Important Data Comes Inline *    Gold Retraces Alongside Risk Trends: What Gives? Written by: John Kicklighter, Senior Currency Strategist Dollar: Finally a Reason to Buy the Greenback, But for How Long? It wouldn't exactly turn the Dow Jones FXCM Dollar Index into the green for October's close; but the greenback rally through Monday was nevertheless the biggest single-day advance since August 4th (in the midst of the biggest risk sell off since the height of the 2008 financial crisis). The currency's performance to start this week was not happenstance. We were presented with the right fundamentals and the underlying current was strong enough to sync a heavy shift in capital positioning across the various asset classes. It is not easy to drive the markets all on the same sentiment-based bearing, particularly when it is a counter-trend move; so we know this was not a move to be taken lightly...   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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