Forex Weekly Trading Forecast 10.10.11 - 10.14.11

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US Dollar Looks to Deepening Financial Troubles for Guidance Euro to Remain Under Pressure as Markets Eye Greek Debt Payment Japanese Yen to Challenge Recent Range as Growth Concerns Take Root British Pound Rebound To Taper Off As U.K. Growth Falters Gold Looks to Fed Reserve Meeting Minutes to Guide Price Action Loonie Correction Finished, Headed Lower Against Buck Australian Dollar Outlook Remains Bearish On Rate Expectations New Zealand Dollar to Pare Gains as Debt Crisis Comes Back Into Focus US Dollar Looks to Deepening Financial Troubles for Guidance The risk aversion drive that has swelled since July eased significantly this past week; and the net effect on the safe haven US dollar was substantial. The greenback is not the typical safety asset. Rather, the benchmark requires a near-extreme level of fear to leverage its universal appeal: liquidity. Without an absolute shift in capital away from leverage and risky positions, there is little that the dollar can do to draw capital in. That reality was apparent this past week when a stabilization in capital markets (which is for most intents and purposes positively correlated to sentiment) and temperance in volatility led the Dow Jones FXCM Dollar Index (ticker = USDollar) to four consecutive daily losses and EURUSD to quickly rebound back above the closely-watched 1.3400 level. The question that we need to ask from here is whether this is a permanent reversal for the world's most liquid currency or a temporary breather...   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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